Deal data

January volumes trailed last year, but advisers say improving financing conditions and returning sellers are laying the groundwork for a stronger 2026.

Deal volume and value both edged lower last year as uncertainty and valuation gaps stalled transactions — but growing clarity on policy and costs is fueling cautious optimism for 2026.

Ares Management and Valvoline also made deals.

Despite November’s slump, early signals in tech, real estate and select industrials point to a coming rebound as stabilizing rates and AI-driven strategies pull dealmakers back to the table.

Eastern Bankshares and Mesa Air also made deals.