The specialty food segment underwent significant consolidation in 2000. Rapid growth rates in key demographics, including health-conscious consumers, should make the small- and mid-sized acquisitions of niche food companies more profitable in the long run than many of the recent mega-mergers in the industry.

The U.S. equipment rental industry has seen significant merger and acquisition activity in the last four years. While segments of the industry grew by more than 15% last year, the consolidation of small and mid-size equipment rental companies continues to increase the margin pressures now felt by regional firms.

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The bottled water industry has seen significant mergers and acquisition activity in the last four years. While industry revenues grew by more than 13% last year, consolidation of small and mid-size bottled water companies continues to increase the margin pressures now felt by regional firms.