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The combination of high interest rates and global economic instability hindered deal activity in early 2023, with total transaction count falling from 377 transactions in Q4 2022 to 313 transactions in Q1 2023.

M&A volume in the North American agriculture industry decreased slightly in Q1 2023 from Q4 2022, with 83 total transactions, compared to 93 transactions in Q4 2022.

M&A activity for North American dealerships across Q1 to Q4 2022 appears to be trending towards pre-pandemic levels.

The pace of both transaction volume and value has slowed throughout the industry.

Aggregate disclosed transaction value and volumes declined during Q1 2023 in the North American food and beverage industry, decreasing by 64.4% and 17.2% respectively from the previous quarter.

Healthcare merger and acquisition activity in Q1 2023 exceeded $3.9 billion in disclosed transaction value across 313 deals in Canada and the U.S.

Transaction volume in the North American manufacturing sector during Q1 2023 fell relative to Q1 2022.

Oilfield services merger and acquisition activity in Q1 2023 exceeded $450 million in disclosed transaction value across six deals in the United States.

Technology stocks began to recover in Q1 2023 with the Nasdaq 100 Technology Sector index up over 20%.

Despite rising interest rates, which have tempered consumer spending and business investment due to increased borrowing costs, M&A activity in Q4 2022 remained resilient.