Through September 2024, disclosed M&A deal values reached $17.1B, aided by demand for digital solutions, increased corporate spending on technology and favorable regulatory environments.  At that pace, total disclosed M&A deal values in 2024 could exceed 2023 levels. Only 8% of M&A transactions during the first three quarters of 2024 disclosed their financial terms and buyers continued to keep their strategies private.  

During the first nine months of 2024, dealmaking activity reached an impressive 819 deals with PE firms being the buyer in 29% of these transactions. Given the robust momentum observed, we anticipate that the IT Services sector will finish the year on a high note, potentially exceeding the total number of deals recorded in 2023. 

Venture Capital funding reached $7.7 billion during the first nine months of 2024, well below peak levels seen in 2021 and 2022. As funding stabilizes, many business owners are increasingly exploring M&A strategies for growth and liquidity. This shift highlights the rising importance of M&A in navigating the evolving business landscape and adapting to changing market conditions.