Where the Action Is

Top Industries for Small-Business Mergers*

INDUSTRY                           VALUE
                                  BILLIONS
BANKING & FINANCE                  $2.50

COMPUTER SOFTWARE,                  2.01
 SUPPLIES & SERVICES

LEISURE & ENTERTAINMENT             1.09

INSURANCE                           0.96

MISC. SERVICES                      0.78
 (from auto repair to day care)

HEALTH SERVICES                     0.77

WHOLESALE & DISTRIBUTION            0.74

DRUGS, MEDICAL SUPPLIES,            0.71
 & EQUIPMENT

BROADCASTING                        0.67

RETAIL                              0.60

*Transactions under $50 million during 1995
DATA: MERGERSTAT