5 M&A Lessons from 2025 New Blog Post

The first M&A deal I worked on was in 2013 as a summer associate.

M&A isn't just for private equity firms or established businesses, individuals (searchers), independent sponsors (deal-by-deal PE), and startups also get involved.

In 2025, beyond the half dozen acquisitions we actually closed, we gained deep insights from multiple other transaction that fizzled before the finish line. Some of those deals died shortly after the LOI was signed. Others, unfortunately, fell apart well after we and our clients had gotten deep into diligence and we had drafted and begun negotiation the definitive transaction documents.

As a benefit of the hundreds of hours spent on these deals, we learned, some substantive, some more telling about human nature. We are counting down our five biggest takeaways about M&A from 2025, beginning with #5….