NEW YORK: Kekst & Co. maintained its lead in the North American M&A communications market through the third quarter of this year, according to financial intelligence firm Mergermarket.
Over the first nine months of the year, Kekst advised on 80 deals, totaling nearly $180 billion. Brunswick Group was second in value, with 47 deals worth $118 billion, and it was followed by Citigate Sard Verbinnen, which had 63 deals worth nearly $102 billion.
Abernathy MacGregor was fourth, with $55 billion, followed by Joele Frank, Financial Dynamics, and Edelman.
"M&A activity is reasonably brisk as many experts believe we're in the early stages of a cyclical uptrend," said Kekst senior partner Jeffrey Taufield via e-mail. He added that "visionary deals" are rare at the moment.
FD, with 82 deals, narrowly edged out Kekst for first place in volume. The agency was trailed in number of deals by Sard, Abernathy, and Brunswick.
Overall M&A value in the third quarter of this year slid to $213 billion, down more than 20% from the previous quarter.