M&A Quarterly Update: 2024 First Quarter

North American M&A activity was slow in Q1/2024, as inflation remained higher than expected and interest rate cuts continue to be pushed further into the future.

Significant private equity dry powder remaining has kept sponsor M&A activity above pre-COVID levels, and there were some promising year-over-year trends in certain sectors. However, a full market recovery is not expected until inflation moves closer to the Fed’s 2% target and monetary policy eases.

MA Quarterly Update 2024 Q1