U.S. M&A deal activity decreased in April, going down 9.5% with 1,161 announcements compared to 1,283 in March. However, aggregate M&A spending increased. In April, 21.7% more was spent on deals compared to March.
In terms of M&A deal activity, 15 of the 21 sectors tracked by FactSet saw an increase in M&A deal activity over the past three months relative to the same three-month period one year ago. The five sectors that witnessed the largest increases in M&A deal volume were: Industrial Services (248 vs. 194), Commercial Services (411 vs. 367), Non-Energy Minerals (101 vs. 71), Distribution Services (140 vs. 115), and Producer Manufacturing (199 vs. 176).
On the other hand, 4 of the 21 sectors tracked by FactSet saw a decrease in M&A deal activity over the past three months relative to the same three-month period one year ago: Finance (668 vs. 699), Consumer Non-Durables (76 vs. 95), Process Industries (54 vs. 71), and Energy Minerals (23 vs. 26).
Topping the list of the largest deals announced in April are: QXO, Inc.'s agreement to acquire TopBuild Corp. for $14.2 billion; Intel Corp. acquiring the remaining 49% stake in Fab 34 from Apollo Global Management, Inc. for $14.2 billion; Amazon.com, Inc. agreeing to acquire Globalstar, Inc. for $10.6 billion; USA Rare Earth, Inc.'s deal to acquire Serra Verde Group for $2.9 billion; ADW Capital Management LLC's offer to acquire the remaining 96.3% not owned in Driven Brands Holdings, Inc. from Roark Capital Group, Inc. for $2.8 billion.
This blog post is for informational purposes only. The information contained in this blog post is not legal, tax, or investment advice. FactSet does not endorse or recommend any investments and assumes no liability for any consequence relating directly or indirectly to any action or inaction taken based on the information contained in this article.