Mega deals drive robust M&A: Crosbie & Co.

The value of deal activity dropped from the third quarter’s record level of $144.9 billion, but remained above the $100-billion mark.“The fourth quarter and entire second half of 2025 showed a remarkable reversal of sentiment and activity from the preceding quarters as adaptability and resiliency prevailed,” said Stephen Ng, managing director at the Toronto-based mid-market investment bank, in a release. “As market participants adjusted to the shifting macro environment, many took advantage of attractive de ...