Let’s start by looking at M&A activity in the Security sector, which saw 283 deals through July 2026.  Demand was strong from strategic and financial buyers with PE firms acquiring 117 Security companies, equal to 41% of total deal volumes. 

 In the first 7 months of 2026, total disclosed M&A transaction values reached $11.6B as buyers preferred to keep their M&A strategies private. Only 12% of transactions reported financial terms as acquirers preferred to keep their M&A strategies private.

 Looking at VC funding, which has been volatile in recent years after peaking in 2021, remained subdued through same period in 2026 and deal volumes were just a fraction of what they were a few years ago. Companies have instead been encouraged to pursue M&A strategies for growth and liquidity.

Through July  2026, PE-backed acquirers were the most acquisitive: Leonard Green & Partners-backed Pye-Barker Fire & Safety, a US-based fire protection and security services provider, added 9 security companies, while Morgan Stanley-backed Security 101, a US-based commercial security systems integrator, closed 3 deals. The most active strategic acquirers were Israel-based cybersecurity software provider Check Point Software Technologies, US-based cybersecurity platform CrowdStrike, and Ireland-based professional services firm Accenture, with 3 deals each.