New York – Merger and acquisition activity in the U.S. continued its recent momentum during the first half of this year, according to a new report from PricewaterhouseCoopers.

There were 1,276 announced transactions with a total value of $454 billion during the first five months of 2011, up 39% in terms of value from the same period a year ago.

While deal volume declined slightly (in part due to a lag time in reporting deals), the average deal size increased 45% percent to $356 million.

“As expected, the favorable conditions that escalated through the end of 2010 and drove the pickup in M&A activity carried through in the first five months of 2011,” said Martyn Curragh, U.S. transaction services leader with PwC.

“An increase in total deal value in the last twelve months ending May 2011 indicates a sustained M&A cycle, and as confidence continues to build, markets stabilize and businesses look towards growth, we expect the acceleration of the M&A market to continue in the second half of 2011.”


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