The current state of M&A activity contradicts predictions made in 2018. Back in December, countless articles predicted a slowing economy would lead to a slow down in M&A but as recession fears have receded, M&A has continued its hot streak.

Deloitte surveyed both corporate executives and private equity executives. Both said they expect deals to increase over the next year, with the number of deals and the value of those transactions growing. Respondents believe organizations doing deals hope to expand their customer bases and diversify products and services.

The biggest industries for M&A activity are expected to be energy, financial, and health sectors. CEOs in those industries are surely feeling hot, hot, hot.