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US middle market food and beverage M&A activity moderated in February, with announced deal volume declining approximately 23% month-over-month, while aggregate disclosed enterprise value increased, driven by a limited number of larger strategic transactions.

The US aerospace and defense sector gained momentum in February, fueled by strategic M&A, increased federal funding and rising global demand.

January closed with strong momentum in Aerospace & Defense M&A, led by headline transactions and a sizable shift in U.S. defense policy.

US middle market M&A activity across food, beverage, and agribusiness opened 2026 with renewed momentum.

December closed out calendar year 2025 with a surge in strategic dealmaking across the U.S. Aerospace & Defense sector, underscoring investor confidence in high-tech capabilities and resilient supply chains.

December marked the close of a transitional year for middle market Food, Beverage & Agribusiness M&A. Activity slowed sequentially, as expected, but not from lack of interest.

November marked a meaningful step-up in sector activity, with deal flow improving and several larger transactions returning to market.

October marked a constructive month for food, beverage and agribusiness M&A.

The IT Services M&A market remains robust across all segments. Key drivers include advancements in artificial intelligence, system modernization and heightened cybersecurity demands, with managed security service providers leading the charge.

After years of relying on SPACs and private funding, the aerospace and space technology sectors are seeing a resurgence in traditional IPO activity. In 2025, several high-profile listings have signaled renewed investor appetite and confidence in the industry’s long-term growth.

There were 28 announced transactions (US targets) in September, down 9% from August, marking a modest pullback following several active months.

Deal activity in August reflected a continuation of 2025's broader themes: fewer transactions overall, but skewing larger as buyers prioritized scale, margin visibility, and supply chain resilience.

M&A activity in the food, beverage and agribusiness industry marked another consecutive month of elevated volume, led by a continued wave of strategic buyers pursuing scale, category leadership and synergistic add-ons.

The Public Safety / First Responder Technology & Services M&A market is experiencing resilient transaction volumes in the first half of 2025

M&A activity remained strong in June, with 36 announced transactions, edging out May and sustaining the elevated pace in recent months.

M&A activity remained steady in May with 33 announced transactions, slightly ahead of April, marking another month of elevated deal flow.

In this report, our experts cover strong sector performance and AI-driven demand amid uncertainty and cautious market outlooks.

Transaction volume held steady in April, driven by sustained buyer appetite across the food industry, particularly in categories with strong consumer relevance and margin visibility.

Despite ongoing market volatility in March, the food & beverage M&A landscape remained resilient.

February 2025 was another active month for M&A in the food, beverage, and agribusiness industry, as companies leveraged early-year momentum to refine their portfolios.

The food and beverage M&A landscape experienced mixed signals in January as geopolitical tensions and new tariffs introduced heightened uncertainty.

In-depth evaluation of Specialty Distribution M&A trends and transactions in 2024 and 2025 outlook

December ended the year on solid footing for food, beverage and agribusiness M&A, with momentum expected to carry into 2025.

The Public Safety / First Responder Technology & Services M&A market is experiencing resilient transaction volumes in 2024 as investors continue to value emerging technologies that reduce costs, increase efficiency and improve service quality.

With post-election uncertainty beginning to subside, the food, beverage, and agribusiness M&A market is gaining momentum.

October deal activity implies the market is on track with 2022 levels in terms of number of deals. Dollar volume in 2024 has notably outpaced 2023 levels, driven by the resurgence of mega-deals.

The HCM Technology M&A market is experiencing resilient transaction volumes in 2024 following a drop off in 2023 due to improvements in macro-economic conditions including unemployment and inflation rates that affected public markets across the globe.

In this report, our investment bankers cover market drivers, provide an outlook for 2025 and offer a deep dive into emerging applications across the flow control sector.

The COVID pandemic exposed the risk of supply chain concentration, particularly offshore

Explore the most powerful market shifts fueled by COVID-19. Learn what they mean for consumer packaging, and how producers can stay ahead of the trends.
A look at why M&A activity remains strong in the distribution and supply chain sector.
September 2022 Debt Advisory Market Update
An expert update on the current state of M&A activity in the paper, plastics & packaging industry
October 2022 Debt Advisory Market Update
November 2022 Debt Advisory Market Update
Managing Director Eugene Weissberger shares his expert insight on recent uncertainty in the banking sector and how it is likely to impact private credit investors in months to come.
August 2022 Debt Advisory Market Update
2019 year-end review of the packaging industry and forecasts for 2020
Near & long-term sector implications stemming from COVID-19
Expert analysis of Specialty Distribution M&A activity in 2023
Expert analysis of Aerospace & Defense M&A activity in 2023
Expert analysis of M&A activity in specialty distribution and a look at current distribution & supply chain trends and technologies
In this issue, our packaging industry experts examine the macro-trends impacting the industry and provide a spotlight on the pharmaceutical packaging sector.
A look at the current A&D trends, including commercial aviation, AI and space exploration, driving M&A activity.
An update on the test & measurement and industrial automation sector growth predictions.
2023 Debt Market Year in Review
An expert look back on an uncertain and volatile 2022, and what to expect for 2023.
A look at how the TM&IA sector fared amid the macroeconomic uncertainty of 2022, and what to expect for 2023
A look at the healthcare trends shaping M&A activity, with a spotlight on the rise of urgent care centers (UCCs).
A look at the food, beverage & agribusiness trends shaping the M&A landscape.
An expert look at the factors affecting private market M&A activity, and why the outlook for 2023 looks positive.
An expert look at the factors that made for a bright end to a challenging 2022 for the aerospace & defense market, and what we can expect for A&D M&A activity in 2023.
Perspectives on the travel technology sector and key indicators to watch for in 2022
Perspectives on the current paper, plastics and packaging M&A environment and key indicators to watch.
Perspectives on the current TM&IA M&A environment and key indicators to watch throughout 2022
Expert insights on the 2022 U.S. food, beverage and agribusiness M&A landscape
Perspectives on the current Aerospace & Defense M&A environment and key indicators to watch throughout 2022
2022 Mid Year Sector Report: Healthcare
2022 Debt Market Year in Review
2021 Year-end Capital Markets & Investment Banking Market Update
Insight on the transformative effect of the pandemic on IT services and review of the 2021 M&A landscape, key sector trends and patterns, featuring a spotlight on rising private equity investments
Review of 2021 packaging M&A landscape and industry trends, featuring a spotlight on injection molding and forecasts for 2022
Perspectives on the current TM&IA M&A environment and key indicators to watch throughout 2022
Explore the FB&A industry's record year for M&A volume, what's fueling strong demand and forecasts for 2022
Review of 2021 A&D M&A environment and a look at the primary drivers supporting the increase in M&A activity expected throughout 2022
2021 Year-end Capital Markets & Investment Banking Market Update
Insight on P3 financing and market snapshots on middle-market M&A, municipal bonds and corporate debt and infrastructure finance
Perspectives on primary sector influencers and key indicators to watch
Key trends and patterns focused on human capital management
Insights on latest FB&A trends featuring a spotlight on premium indulgent foods
Insights on key A&D trends and the industry's continued recovery from COVID-19
Primary influencers in the industrials sector
2020 year-end review featuring a spotlight on the corrugated sector
2020 year-end review featuring a spotlight on the new reality for foodservice providers
Key market drivers in the industrials sector
Perspectives on food, beverage and agribusiness trends and a forecast for the remainder of the year
Insights on key trends and the impact of COVID-19
Industry drivers and indicators to watch
A quarterly email that brings together insights from across the entire Mesirow organization, with perspectives on markets, sectors and investing in what matters.