Q3 2026 M&A Trends Market Update
Through the end of Q3 2026, there have been 473 announced U.S. insurance brokerage transactions in 2026, about 7.8% below the pace established during the historic 2025 market. Buyer demand remains robust, with 63 private capital-backed firms have completed at least one acquisition in 2026, and 35 completing multiple transactions. At the same time, valuation levels remain near all-time highs, although growing pressure on organic growth could challenge future multiples. Most importantly, organic growth continues to be the single greatest valuation differentiator in the market.