MIDDLE MARKET IN AUSTRALIA – AN UPDATE
For current and potential Searchers and Investors in Australia, and those interested in Down Under, FYI the Pitcher Partners’ Business Radar report - Understanding the businesses that drive Australia’s economy, was released earlier this week.
It focusses on the global, national and local issues that impact Middle Market businesses across Australia.
“The middle market is rich with successful businesses that drive economic growth, deliver vital products and services, and provide employment to millions of Australians.”
The ability to adapt quickly to the COVID-19 related headwinds of the past 18 months saw an overall improvement in middle market business owner’s sentiment.
The research also shows how this sector – which contributes 25% of total national revenue – continues to lag in terms of succession planning and refreshing the leadership talent pool with over 58% of businesses stating they have never engaged in this thought process.
Access the report here…