Gregory DL Morris

Despite geopolitical tensions and energy-price swings, advisers say liquidity remains strong and buyers with conviction are finding attractive opportunities in a more disciplined M&A environment.

Improved SBA clarity and pent-up demand are driving a modest uptick in activity, while interest rates and buyer discipline continue to weigh on larger deals and exits.

Private equity and global investors are pouring capital into LNG infrastructure and upstream plays as export capacity explodes and demand climbs alongside AI-driven power needs.

As valuations moderate, the size of many MGAs fit a roll-up strategy.

Desire for domestic production drives deals in specialty chemicals, as strategics optimize their portfolios.