The North American M&A market wrapped up a slower year in Q4/2023. Persistent inflation, elevated interest rates, geopolitical concerns, and general economic uncertainty continue to pose challenges for the market.

However, quarter-over-quarter growth in deal value is a promising sign into 2024. With the possibility of easing monetary policy over the next year, combined with significant private equity dry powder remaining to be deployed, there is hope that dealmaking activity could be poised for a rebound in 2024 as the economy improves.