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      We publish our annual M&A report to help business leaders get better at M&A and divestitures.

      In 2025, deal value rose dramatically to deliver the second-highest year on record in a broad-based rebound that spanned all industries. Behind this resurgence is the urgent need for companies to reinvent themselves to get out ahead of the big forces of technology disruption, a post-globalization economy, and shifting profit pools.

      But whether companies are turning to M&A to gain capabilities that give them a competitive edge in the AI revolution, create the agility required to succeed in post-globalization’s fragmented markets, or pursue new sources of growth in rapidly changing industries, they now can draw on new tools and approaches to hasten value creation.

      Read on to learn how various industries are adapting to today’s M&A market, deal trends by market, and how more companies are deploying AI to improve their M&A capabilities.

      We publish our annual M&A report to help business leaders get better at M&A and divestitures.

      In 2025, deal value rose dramatically to deliver the second-highest year on record in a broad-based rebound that spanned all industries. Behind this resurgence is the urgent need for companies to reinvent themselves to get out ahead of the big forces of technology disruption, a post-globalization economy, and shifting profit pools.

      But whether companies are turning to M&A to gain capabilities that give them a competitive edge in the AI revolution, create the agility required to succeed in post-globalization’s fragmented markets, or pursue new sources of growth in rapidly changing industries, they now can draw on new tools and approaches to hasten value creation.

      Read on to learn how various industries are adapting to today’s M&A market, deal trends by market, and how more companies are deploying AI to improve their M&A capabilities.

      Les Baird

      Leader of Bain’s M&A Practice

      Suzanne Kumar

      Executive Vice President of Bain’s M&A Practice

      Register for our webinar on February 12

      State of the Market

      Prepare for what's next
      Prepare for what's next
      How AI boosts value creation
      How AI boosts value creation
      Behind the great rebound
      Behind the great rebound
      Explore deal trends in top markets
      Explore deal trends in top markets
      Understand the dealmakers' perspective
      Understand the dealmakers' perspective

      Industry Views

      Advanced Manufacturing & Services
      Automotive & Mobility M&A
      As pressure to scale mounts, leaders are consolidating and buying technology.
      M&A Report
      Financial Services
      Banking M&A
      As conditions shift, leading banks are fusing scale with scope to create future-ready organizations.
      M&A Report
      Building Products & Technologies
      Building Products M&A
      Why more companies are acquiring for scope.
      M&A Report
      Consumer Products
      Consumer Products M&A
      In their quest for profitable growth, more companies are divesting brands or buying insurgents.
      M&A Report
      Advanced Manufacturing & Services
      Defense M&A
      Bold moves will determine the winners as a continent rearms.
      M&A Report
      Advanced Manufacturing & Services
      Machinery & Equipment M&A
      As more companies discover software’s value as a growth engine, more will need to hone their M&A skills.
      M&A Report
      Media & Entertainment
      Media M&A
      AI and other tech tools can boost bidding confidence in this highly competitive environment.
      M&A Report
      Healthcare & Life Sciences
      Medtech M&A
      As leaders refocus portfolios, dealmaking officially returns.
      M&A Report
      Energy & Natural Resources
      Mining M&A
      The next frontier isn’t about avoiding failure; it’s about mastering repeatable success.
      M&A Report
      Energy & Natural Resources
      Oil & Gas M&A
      Why some companies are winning by a wider margin.
      M&A Report
      Healthcare & Life Sciences
      Pharmaceuticals M&A
      Dealmaking in 2026 may redefine what it means to buy growth.
      M&A Report
      Technology
      Software M&A
      The good news: Most deal best practices still apply to AI acquisitions.
      M&A Report
      Telecommunications
      Telecommunications M&A
      Deal activity slowed considerably in 2025 amid macroeconomic headwinds and strategic investments in areas such as AI and fiber networks.
      M&A Report

      Stay ahead in a rapidly changing world. Subscribe to Bain Insights, our monthly look at the critical issues facing global businesses.

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