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QUOTE OF THE WEEK

“There was a pig going through the snake in the last half of last year because of anticipated tax changes. If you assume a lot of those deals would’ve gotten done this year, the activity level is down but it’s down from an artificial peak.”

Watts Hamrick, managing partner of Pamlico Capital, on the slowdown of mid-market deal activity in the first quarter following a very active fourth quarter 2010.