Total financial services industry M&A deals worth $13bn were announced in North America in March 2022, led by Berkshire Hathaway’s $11.6bn acquisition of Alleghany, according to GlobalData’s deals database.

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The value marked an increase of 6631.1% over the previous month of $192.54m and a rise of 201.4% when compared with the last 12-month average of $4.3bn.

North America held a 45.96% share of the global financial services industry M&A deal value that totalled $28.2bn in March 2022. With a 45.96% share and deals worth $12.96bn, the US was the top country in North America’s M&A deal value across financial services industry.

In terms of M&A deal activity, North America recorded 84 deals during March 2022, marking an increase of 27.27% over the previous month and a drop of 5.62% over the 12-month average. The US recorded 69 deals during the month.

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North America financial services industry M&A deals in March 2022: Top deals

The top five financial services industry M&A deals accounted for 99.8% of the overall value during March 2022.

The combined value of the top five financial services deals stood at $12.94bn, against the overall value of $13bn recorded for the month.

The top five financial services industry M&A deals of March 2022 tracked by GlobalData were:

1) Berkshire Hathaway $11.6bn acquisition deal with Alleghany

2) The $750m acquisition of Carval Investors by AllianceBernstein

3) BRP Group $274.17m acquisition deal with Westwood Insurance Agency

4) The $168.3m acquisition of Apollo Bancshares by Seacoast Bankingof Florida

5) Hometown Financial Group $146.5m acquisition deal with Randolph Bancorp