Q4 2025 – QUARTERLY M&A MARKET RECAP
- U.S. Industrial Manufacturing M&A activity stabilized in Q4 2025, with 81 announced transactions. While Q4 deal volume declined 22.1% year over year, this represented an improvement from Q3 2025’s 77 announced transactions. Compared to Q1 2025, Q4 activity increased 14.1%, signaling a gradual recovery toward more normalized deal volumes. The majority of the increase was driven by financial buyers, whose acquisition activity rose 100% from Q3 to Q4 2025 and was driven by improving financing conditions, narrowing valuation gaps, and pressure to deploy capital amid record levels of dry powder.
- Unlike trends in the U.S., global Industrial Manufacturing M&A activity has remained subdued. 2025 transaction volume totaled 919 deals, down from 1,257 in 2024. The slowdown reflects heightened cross‑border uncertainty, including trade policy volatility, tariffs, geopolitical tension, and uneven economic recovery across regions. As a result, strategic buyers adopted a more cautious and selective acquisition approach in 2025.
Read Industrial Manufacturing M&A Pulse Q4 2025 Full Report
Industrial Manufacturing M&A Pulse – Q3 2025
U.S. Industrial Manufacturing M&A activity fell sharply in Q3-25, with only 77 transactions, down 34.2 percent from 117 transactions in the same quarter last year.
Industrial Manufacturing M&A Pulse – Q2 2025
M&A activity in the U.S. Industrial Manufacturing market declined in Q2-25, with 368 transactions recorded over the trailing twelve months, down from 397 in 2024.
Industrial Manufacturing M&A Pulse – Q1 2025
Global Industrial Manufacturing (“IM”) M&A activity stalled in Q1 2025 as both domestic and international investors began strategizing around the implications of anticipated U.S. regulatory changes.
Industrial Manufacturing M&A Pulse – Q4 2024
Global Industrial Manufacturing (“IM”) M&A activity ended 2024 on a high note, with an 11.6 percent increase in Q4-24 compared to the same quarter in the previous year.
Industrial Manufacturing M&A Pulse – Q3 2024
Global Industrial Manufacturing M&A transaction volume experienced 339 completed transactions globally and 117 in the United States, representing a 25.1% and 24.5% increase, respectively, from the same period in 2023.