Quarterly M&A Insights
As a part of our commitment to providing clients with timely and insightful information to inform their most complex business decisions, we present our M&A Quarterly Insights series. A valuable tool for companies, investors and other stakeholders, these reports provide a comprehensive overview and analysis of M&A activity and business trends in Canada.
M&A activity in Canada picked up speed in the third quarter of 2025, with total deal value up $48.6 billion year-over-year and renewed optimism among dealmakers. As companies navigate economic uncertainty, creativity and flexibility are defining how transactions are structured and negotiated.
In the latest Bennett Jones M&A Quarterly, partners Kwang Lim, Angela Blake and Laura James examine the data and deal trends shaping the market, including:
- how transactions are being executed differently in a buyer-advantaged environment;
- the growing use of earnouts to bridge valuation gaps;
- evolving dynamics in cross-border dealmaking and regulatory review; and
- which industries—led by technology, industrials and energy—are driving Canadian M&A activity.
Despite ongoing volatility, deal flow is building and is well-positioned heading into year-end. For investors, corporate acquirers and advisors, staying agile and informed will be key to capturing opportunity in the final quarter of 2025.
Work With Our
M&A Group
M&A Group
Our M&A group spans all industries, particularly those that drive the Canadian economy, such as energy, mining, financial services, technology, agribusiness and manufacturing, among others. Clients benefit from our focus on efficient identification of issues that matter to their business. Our lawyers account for your risk appetite and the commercial realities likely to apply after closing to guide negotiation strategy and structuring.
Bennett Jones has been monitoring Canadian business trends closely and is available to discuss the developments and opportunities shaping the Canadian M&A landscape.
Connect with us to learn more about how we can help you navigate your business' needs.
