The M&A landscape has rebounded in 2025, driven by stable interest rates, improved market conditions, and rising CEO confidence. Strategic buyers are fueling the surge, targeting deals that boost growth, expand capabilities, and enhance competitive positioning. Houlihan Lokey has emerged as the global leader in M&A volume. Just over a year into his role, CEO Scott Adelson is proving that steady leadership and deep institutional expertise drive results. He goes Inside the ICE House to detail how, under his guidance, the firm is expanding globally, strengthening industry verticals, and sharpening its focus on long-term value creation.