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The figures do not include the impact of AD’s 2024 merger with IMARK Electrical.
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Government data showed an increase in December, following a flat November.
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Dealmaking slowed at the start of the year compared to previous months and was down from January 2024's 29 transactions.
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The monthly decrease was driven predominantly by transportation equipment, following an increase in November.
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The report showed that November was also down considerably year-over-year.
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