M&A activity was modest in 2020 while 2021 portends growth Share Article Capstone Strategic’s annual survey reveals that 2020 was a modest year for mergers and acquisitions activity as COVID-19 did have a moderate impact on most industries. “The 2020 survey and our own observations indicate that we will see a renewed interest in M&A activity due to pent up demand and supply in the marketplace. 2021 presents a unique opportunity for companies that decide to execute strategic acquisitions,” said David Braun, CEO of Capstone Strategic. TYSONS CORNER, Va. (PRWEB) April 13, 2021 Leaders from various industries generally reported a modest picture of growth and M&A activity according to a new survey by Capstone Strategic, a leading strategic M&A advisory firm for the middle market. The survey was conducted in January and February 2021 and is the eighth annual survey of the market.