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Corporate Deal Tracker
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CDT SNAPSHOT
37.8%
In 2025, deal count for billion-dollar-plus deals increased by 37.8 percent versus 2024, and the aggregate valuations as a result soared between 2024 and 2025 by 41.7 percent.
CDT DATABASE YEAR-TO-DATE TRANSACTION TOTALS
FEB. 1, 2026
DEAL COUNT
44
DEAL VALUE
$22.4B
FEB. 1, 2025
DEAL COUNT
169
DEAL VALUE
$150.7B

CDT Roundup: Energy Sector’s High Stakes, Hurdles and Uncertain Outcomes

Chevron’s $53 billion acquisition of Hess remains in limbo despite FTC approval, which barred the son of Hess’ founder from a Chevron board seat due to antitrust concerns and alleged OPEC collusion. The merger’s fate hinges on an arbitration decision that could be announced soon with ExxonMobil over Hess’ stake in Guyana’s lucrative Stabroek Block. Meanwhile, CITGO, formerly Venezuelan-owned, saw a new winning bid in a Delaware court auction to settle expropriation claims.

Allen Pusey

The Home Depot to Acquire GMS Inc. for $5.5B

Weil and Alston & Bird are advising on the acquisition of the Georgia-based building supply distributor. The acquisition is being made through Home Depot's McKinney-based subsidiary SRS Distribution, which was acquired last year for $18.25 billion.

Allen Pusey

CDT Roundup: Deals Driven by Data, Plus a Deal to Make More Deals

For the week ending June 28, there were a dozen deals valued at nearly $7.8 billion: six in M&A and funding; six in capital markets and credit. But rather than compare that with last week's 16 deals for $6 billion or the 14 deals for $6.3 billion this time last year, let's compare these deals with each other. All in all, it was a curiously complicated week.

Allen Pusey

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DNOW Acquires MRC for $1.5B

Kirkland and Akin advised on the combination of two Houston distributors of infrastructure machinery and supplies to create a $3 billion company with 350 service and distribution centers across 20 energy-producing countries.

Allen Pusey

CDT Roundup: No Fuel for Thought as M&A Skips Oil & Gas for Tech and Food

For the week ending June 21 — and for this, our 25th weekly report of 2025 — there were 16 deals submitted for a total reported value at just under $6 billion (or $5.984 billion for the more exacting). On the year that's slightly above average in volume (14.9 deals per week for the first 24 weeks), and well below the average for reported value ($13.2 billion per week for those same 24). We take nothing from that except to note that this most recent week was far better than the week prior, which recorded nine deals for $478 million, and stands remarkably similar to the 12 deals for $5.6 billion recorded at the summer solstice last year. But if you're looking for something unusual — which is kinda our job here — the CDT Roundup has you covered.

Allen Pusey

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