On Monday, there was a surge in mergers and acquisitions activity, with approximately $35 billion in deals announced. One notable transaction involved Quikrete Holdings Inc., which agreed to acquire Summit Materials Inc. for around $11.5 billion, including debt. This move is aimed at strengthening Quikrete's position in the US building materials market.

The increase in M&A activity spans various sectors, such as banking and construction, indicating a renewed confidence among dealmakers. This rise in activity is expected to continue throughout 2024, as companies take advantage of favorable market conditions and potential growth opportunities.

Overall, the surge in mergers and acquisitions activity on Monday, with deals worth $35 billion announced, highlights the growing confidence among dealmakers. One significant transaction was the acquisition of Summit Materials Inc. by Quikrete Holdings Inc. for approximately $11.5 billion. This strategic move aims to strengthen Quikrete's position in the US building materials market. The increase in M&A activity is seen across sectors like banking and construction, signaling a positive outlook for the market. This trend is expected to continue throughout 2024, as companies seize opportunities for growth in the current favorable market conditions.