Cross-Border M&A in 2025: What the QXO–TopBuild $17B Deal and April’s Wave of Transactions Signal for Global Deal-Makers
April 2025’s M&A wave — led by QXO’s $17 billion TopBuild acquisition and a series of cross-border transactions — signals a market defined by strategic conviction, earnings discipline, and regulatory complexity. CFOs and M&A Directors must prioritise accretion structuring, parallel regulatory workstreams, and integration planning from day one.