Mergers and acquisitions activity in British Columbia remains in a state of fitful growth, marked by a number of offsetting market forces and uneven levels of activity. This stands in sharp contrast to the lofty expectations held at the start of the year, when the stage appeared set for a significant resurgence in M&A, driven by a confluence of favourable market conditions, including a stabilization in inflation, lower interest rates, narrowing valuation gaps between buyers and sellers, significant and growing dry powder among private investor groups, and an expected wave of succession-driven sales by entrepreneur-founders. But so far this year, these forces have been meaningfully offset by unexpected headwinds,
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