“U.S. M&A activity decreased noticeably in Q1 relative to Q4 yet remains well above the same quarter of 2021. There were 3,012 deals announced in Q1, a decrease of 11% compared to Q4 yet still up 23% over the same quarter last year.”
U.S. M&A activity continued its decline in Q2 due to increased borrowing costs and reduced valuation multiples, ending the quarter down 12% from Q1 as well as compared to the same quarter last year. There were 2,639 deals announced in Q2, a decrease of 22% compared to the record number of deals reported in Q4 when 3,400 deals were announced.
- There were 2,639 M&A deals announced in Q2.
- The total disclosed transaction value was $451 billion, up 2% from the $442 billion of deal value disclosed in Q1.
- California led the nation with 381 announced deals.
- The most popular deal type was the 100% Buyout which represented 40% of the announced deals.
- Private companies were the most popular acquirer type with 56% of the deals announced, up from 55% last quarter.
- The most active sector was Services with 61% of the deals announced, down from 63% last quarter.
- Arthur J. Gallagher & Co. was the most acquisitive public strategic buyer with 9 deals announced.
- HUB International Ltd. was the most acquisitive private strategic buyer with 14 deals announced.
- Advent International was the most active financial buyer with 7 deals announced.
- Goldman Sachs was the most active financial advisor with 31 deals announced.
- Kirkland & Ellis LLP was the most active legal advisor with 87 deals announced.