Michigan Sees Flurry of $1B+ Mergers and Acquisitions in 2025

The 10 biggest deals in the state topped $44 billion in total value, more than double the previous year.

Mar. 3, 2026 at 7:18pm

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Michigan saw a surge in major mergers and acquisitions in 2025, with the 10 largest deals each topping $1 billion in value and the overall top 10 reaching over $44 billion. This included high-profile acquisitions of well-known Michigan companies like Kellogg, Steelcase, and two competing banks, Fifth Third and Comerica.

Why it matters

The wave of M&A activity in Michigan reflects broader economic trends, as companies look to expand their reach and capabilities through strategic acquisitions. These deals can have significant impacts on local communities, employment, and the overall business landscape in the state.

The details

The largest deal of 2025 topped $14 billion, the priciest acquisition in Michigan since 2017. Detroit-based Rocket Cos. made two major deals as part of its effort to become a more diversified financial technology company. Other well-known Michigan names like Kellogg and Steelcase also saw new corporate parents after being acquired.

  • The 10 largest deals in Michigan all occurred in 2025.
  • The total value of the top 10 deals in 2025 was more than double the value of the top 10 deals the previous year.

The players

Rocket Cos.

A Detroit-based financial technology company that made two major acquisitions in 2025 as part of its strategy to diversify.

Kellogg

A well-known Michigan company that was acquired in one of the state's largest deals of 2025.

Steelcase

Another prominent Michigan company that was acquired in one of the state's largest deals of 2025.

Fifth Third

One of two Michigan banks that were involved in a major merger in 2025.

Comerica

The other Michigan bank that merged with Fifth Third in 2025.

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The takeaway

The flurry of large M&A deals in Michigan in 2025 signals a resurgence of corporate activity and consolidation in the state, with implications for local economies, employment, and the overall business landscape.