Deal flow

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.

Long-term changes in capital sources, risk appetite and deal structures are reshaping how transactions get done.

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.

Deal activity may look sluggish on paper, but bankers and advisors say the pipeline is full — and the final months of 2025 could tell a different story.

As competition intensifies, independent sponsors like Ranger Aerospace are doubling down on niche expertise to drive value and credibility with investors.