Target IndustryNumber of
Deals
  
Real Estate-Non Residential235
Oil & Gas152
Software123
Banks122
Professional Services92
Healthcare Equipment & Supplies78
Hotels and Lodging77
Real Estate-Residential73
Metals & Mining62
Other Industrials61
Internet Software & Services60
Pharmaceuticals59
Healthcare Providers & Services (HMOs)54
IT Consulting & Services53
Chemicals48
Food and Beverage48
Machinery42
Other Financials42
Building/Construction & Engineering40
Transportation & Infrastructure35
Other Consumer Products35
Biotechnology34
Electronics34
Food & Beverage Retailing33
Insurance32
Automobiles & Components31
Water and Waste Management30
Semiconductors26
E-commerce / B2B26
Advertising & Marketing25
Computers & Peripherals24
Credit Institutions23
Publishing22
Power20
Broadcasting19
Other Retailing17
Textiles & Apparel16
Paper & Forest Products16
Hospitals15
Agriculture & Livestock15
Real Estate Management & Development14
Other Materials14
Containers & Packaging14
Alternative Energy Sources14
Employment Services12
Telecommunications Equipment11
Brokerage11
Educational Services11
Home Furnishings10
Telecommunications Services10
Recreation & Leisure10
Aerospace & Defense9
REITs9
Asset Management9
Other Real Estate8
Casinos & Gaming7
Petrochemicals7
Motion Pictures/Audio Visual7
Automotive Retailing7
Pipelines6
Construction Materials6
Wireless6
Cable5
Home Improvement Retailing5
Internet and Catalog Retailing5
Other Energy & Power4
Other High Technology3
Alternative Financial Investment3
Household & Personal Products3
Tobacco3
Diversified Financials2
Space and Satellites2
Apparel Retailing2
Public Administration1
Discount and Department Store Retailing1
Legal Services1
Computers & Electronics Retailing1
Travel Services1
  
Source: Thomson Reuters 
Editor's Note: To measure activity in the middle market, Mergers & Acquisitions looks at transactions that fulfill several requirements: Deals must have a value of roughly $1 billion or less; they must be completed (not just announced) within the timeframe designated; and they must include at least one U.S. company in the role of buyer and/or seller. Excluded from our charts are: recapitalizations; self-tenders; exchange offers; repurchases; stake purchases; and transactions with undisclosed values, buyers or sellers. Our data provider is Thomson Reuters, which updates its databases continuously. We use the data available at press time. For this article, data was collected on Dec. 31, 2014.

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