During the first quarter of 2025, the Communications Technology sector saw 102 deals, on pace to easily exceed 2024 levels. PE firms acquired 29 companies in this sector, representing 28% of the total.

Looking at the most prolific buyers in the Communications Technology sector, financial acquirers Ariel Alternatives, Adelis Equity Partners and Ionic Partners each made two acquisitions during the first quarter of 2025.

Disclosed M&A deal value reached $2.8B in the first three months of 2025. Only 22% of transactions disclosed deal terms as buyers preferred to keep their M&A strategies private.