March 2025 proved to be one of the most dynamic months for M&A activity in recent history, with several blockbuster deals reshaping industries across technology, healthcare, energy, and finance. Here’s a breakdown of the most significant transactions:
Cleanova Acquires Micronics for $1.3 Billion
Cleanova, a leader in industrial filtration, announced its acquisition of Micronics for $1.3 billion. This deal enhances Cleanova’s product offerings and market reach, positioning it as a dominant player in the filtration and separation technology sector.
Honeywell to Acquire Sundyne for $2.16 Billion
Honeywell expanded its critical equipment and aftermarket services portfolio with the $2.16 billion acquisition of Sundyne. This move strengthens Honeywell’s industrial automation and process control capabilities.
ADNOC and OMV Acquire Nova Chemicals for $13.4 Billion
In a major petrochemicals deal, Abu Dhabi National Oil Company (ADNOC) and Austria’s OMV announced a $13.4 billion acquisition of Nova Chemicals. The transaction aims to create a global leader in polyolefins and chemical production.
BlackRock-TiL Consortium Acquires Hutchison Ports Holdings for $22.8 Billion
A consortium led by BlackRock and Terminal Investment Limited (TiL) purchased Hutchison Ports Holdings’ international port operations for $22.8 billion, granting them control over strategic global shipping infrastructure.
Sycamore Partners to Acquire Walgreens Boots Alliance for $23.7 Billion
Private equity firm Sycamore Partners agreed to acquire Walgreens Boots Alliance in a $23.7 billion deal. This move marks a significant shift in the retail pharmacy sector, with potential restructuring expected.
ServiceNow Acquires Moveworks for $2.85 Billion
Enterprise software giant ServiceNow announced its acquisition of AI-powered workplace automation firm Moveworks for $2.85 billion. The deal aligns with ServiceNow’s focus on enhancing AI-driven enterprise services.
Scopely Acquires Niantic’s Games Business for $3.5 Billion
Scopely, a major player in mobile gaming, acquired Niantic’s games business—including “Pokémon GO”—for $3.5 billion. This deal significantly expands Scopely’s portfolio in the augmented reality gaming sector.
Zayo Acquires Crown Castle’s Fiber Solutions Business for $4.25 Billion
In a bid to strengthen its fiber infrastructure network, Zayo acquired Crown Castle’s Fiber Solutions Business for $4.25 billion. This move positions Zayo as a key player in AI-driven data connectivity solutions.
Endo Pharmaceuticals Acquires Mallinckrodt for $7 Billion
Endo Pharmaceuticals completed its $7 billion acquisition of Mallinckrodt, combining two major players in the pharmaceutical industry to enhance their drug development and manufacturing capabilities.
Whitecap Resources Merges with Veren for $10.43 Billion
Canadian oil and gas company Whitecap Resources merged with Veren in a $10.43 billion deal, forming one of Canada’s largest independent energy firms.
Allianz-BlackRock Group Acquires Viridium for €3.5 Billion
A consortium including Allianz and BlackRock acquired Viridium, a leading life insurance consolidation platform, for €3.5 billion. The deal is set to reshape the European insurance industry.
SoftBank Acquires Ampere for $6.5 Billion
SoftBank Group made a bold move into the semiconductor industry by acquiring Ampere for $6.5 billion, reinforcing its focus on AI-driven cloud computing.
James Hardie Industries Acquires AZEK for $8.75 Billion
Building materials giant James Hardie Industries acquired AZEK for $8.75 billion, creating a leader in sustainable construction materials.
QXO Acquires Beacon Roofing Supply for $11 Billion
QXO expanded its presence in the construction supply sector with its $11 billion acquisition of Beacon Roofing Supply, a major distributor of building materials.
Google Acquires Wiz for $32 Billion
In one of the largest tech deals of the year, Google acquired cloud security firm Wiz for $32 billion, reinforcing its dominance in cloud infrastructure and cybersecurity.
Global Eggs Acquires Hillandale Farms for $1.1 Billion
Global Eggs, a leading egg producer, acquired Hillandale Farms for $1.1 billion, further consolidating the U.S. egg production industry.
Bain Capital Acquires Stake in Namirial for $1.2 Billion
Bain Capital invested $1.2 billion in Namirial, a digital trust service provider, to expand its footprint in electronic signature and identity verification services.
Roper Technologies Acquires CentralReach for $1.65 Billion
Roper Technologies acquired CentralReach, a behavioral health software provider, for $1.65 billion, strengthening its position in the healthcare tech space.
Clearlake Capital Group Acquires Dun & Bradstreet for $7.7 Billion
Clearlake Capital Group acquired business analytics firm Dun & Bradstreet for $7.7 billion, boosting its data and risk management capabilities.
LPL to Acquire Commonwealth Financial Network
On March 31, LPL Financial announced its acquisition of Commonwealth Financial Network, further consolidating the wealth management sector.
Text In Church Acquires PastorsLine
On March 29, Text In Church, a church communication platform, acquired PastorsLine to expand its suite of engagement tools for religious organizations.
Sitka Power to Acquire Synex Renewable Energy
On March 28, Sitka Power announced its acquisition of Synex Renewable Energy at C$2.40 per share, reinforcing its commitment to clean energy investments.
xAI Acquires X for $33 Billion
On March 27, Elon Musk’s artificial intelligence startup xAI acquired X (formerly Twitter) at a valuation of $33 billion, signaling a deeper integration of AI into social media.
Silver Lake Partners Acquires Endeavor Group Holdings
On March 21, private equity firm Silver Lake Partners took full ownership of Endeavor Group Holdings, a global entertainment powerhouse.
Bitfarms Acquires Stronghold Digital Mining
On March 14, Bitfarms acquired Stronghold Digital Mining, consolidating its position in the cryptocurrency mining industry.
Mutual Capital Group Acquires ICC Holdings
On March 12, Mutual Capital Group acquired ICC Holdings, strengthening its insurance market presence.
Emerson Electric Acquires Aspen Technology
On March 11, Emerson Electric acquired Aspen Technology in a deal aimed at enhancing its industrial automation and software solutions.
Best Inc. Acquired by Multiple Buyers
On March 7, Best Inc. was acquired in separate deals by Shao-ning Johnny Chou, Phoenix Global Partners, and George Chow, marking a major restructuring of the logistics company.
Rio Tinto Acquires Arcadium Lithium for $4.9 Billion
On March 5, mining giant Rio Tinto acquired Arcadium Lithium for $4.9 billion, bolstering its position in the lithium supply chain amid growing EV demand.
M&A activity during March 2025 emphasized the rapid pace of consolidation and strategic repositioning across multiple industries. With major deals spanning technology, energy, healthcare, and finance, this wave of acquisitions will shape global markets for years to come.