March 2025 | National M&A Insights

National Market TrendsM&A InsightsBusiness Sales & Transactions

Apr 29

The information reflects transactions as reported, including deal descriptions, values, and statuses, but may contain gaps, such as undisclosed deal terms or financial metrics, which limit comprehensive analysis. While efforts have been made to ensure accuracy, users should consult primary sources or professional advisors for legal, financial, or strategic decisions. No warranties are made regarding the completeness or reliability of this data, and the provider assumes no liability for its use.

Transaction count by state for March 2025.

Transaction value ($bn) by state for March 2025. Total deal value exceeded $189.5bn.

Aggregate Monthly M&A Transaction Value and Transaction Count, YoY

National M&A Overview: March 2025

In March 2025, the U.S. M&A landscape experienced a significant surge with 1,180 transactions, showcasing a dynamic market shaped by both domestic and international players. Whole company acquisitions took center stage, making up 800+ deals, as buyers sought full control of their targets, exemplified by Wasserman Media Group, LLC’s acquisition of Arizona-based bluemedia, Inc. on March 3. Meanwhile, asset purchases contributed ~315 transactions, such as CareTrust REIT, Inc.’s $20.6 million acquisition of a 160-bed residential care facility in Concord, California on March 1, while minority stakes accounted for 25 deals, including Copley Equity Partners’ investment in Bob Herzig And Associates, Inc. in Missouri.

The sectoral breakdown revealed TMT as the leading category with 215 deals, followed by Industrials with construction and engineering activity, like Greenman-Pedersen, Inc.’s acquisition of Designtech, Inc. Financials had 113 transactions, with insurance broker consolidation was prominent through BroadStreet Partners, Inc.’s multiple asset purchases. Technology and Consumer sectors demonstrated notable activity highlighted by Jamf Holding Corp.’s $215 million purchase of Identity Automation Systems, LLC and Premium Brands Holdings’ $20.8 million acquisition of Denmark Sausage, LLC in Arizona. Health Care followed with 105 transactions, including Peak Rock Capital LLC’s acquisition of Brightstar Group Holdings, Inc., reflecting a diverse range of strategic interests across industries.

Transaction values amounted to approximately $189.5 billion, led by major financial sector transactions such as Rocket Companies’ $9.4 billion agreement to acquire Mr. Cooper Group Inc. and Mechanics Bank’s $3.3 billion bid for HomeStreet, Inc., both announced late in the month. The majority of deals lacked disclosed values, indicating a prevalence of smaller or privately negotiated deals. Geographically, California and Texas emerged as key hubs with 116 and 65 deals respectively, while cross-border activity added an international dimension, with buyers like Tokyo Gas acquiring East Texas gas assets for $524 million and AURELIUS Investment Lux targeting Teijin Automotive Technologies.

For M&A attorneys, March 2025 offers critical insights into market trends and strategic considerations. Regulatory hurdles were evident in larger deals, with HSR Act approvals noted in transactions like Rocket-Mr. Cooper, alongside significant termination fees, such as the $306.92 million fee in that same deal, pointing to potential litigation risks. The month also underscored consolidation trends in insurance and banking, as well as a robust deal pipeline across technology and consumer sectors, providing a strategic roadmap for navigating opportunities and challenges in Q1 2025.

M&A Glossary:

M&A – Whole: The acquisition of 100% ownership of a target company, giving the buyer full control.
M&A – Asset: The purchase of specific assets, such as mineral rights or property, without acquiring the entire company.
M&A – Minority: The acquisition of a non-controlling stake, typically under 50%.
M&A – Spinoff or Splitoff: The divestiture of a business unit into a separate entity or distribution of subsidiary shares to shareholders.

M&A Segmentation