The Vital Role of Middle Market Businesses and the Coming Wave of Generational Transitions

The Vital Role of Middle Market Businesses and the Coming Wave of Generational Transitions

Middle market businesses, those with annual revenues between $10M and $1B, play a critical role in the U.S. economy. Though they represent just 5% of employer businesses, they generate approximately $13T in annual revenue and employ over 40M people, accounting for 33% of total business revenue and 30% of private sector employment.

These companies consistently outperform small and large businesses in both revenue and employment growth. In addition to their economic impact, the sector is poised for significant change as baby boomer owners approach retirement. An estimated $30 to $40T in wealth is expected to transfer over the next 25–30 years, creating substantial capital requirements for succession planning, ownership transitions, and strategic decision-making in family-owned middle market firms.

Explore our latest insights on the economic impact of middle market businesses and the upcoming generational wealth transfer. Click here to access the full report.