increased 5.7% in Q1 to 168 deals from 159 in Q4 2025, and increased 30.2% from 129 deals in Q1 of the prior year. Q1 2026 marks the highest level of deal volume seen since a peak in Q1 2023, reflecting a continued remediation services related to datacenters. Based on Q1 activity, annual deal volume is on pace to increase 16.7% to 672 deals in 2026 from 576 in 2025. cuts, which are supporting buyer confidence and access to capital. However, escalating geopolitical tensions, including the ongoing conflict involving Iran, are causing volatility in energy markets and, depending on how long the situation persists, could have an adverse impact on Services sector increased 21.4% in Q1 to $1.7B from $1.4B in Q4, but decreased 90.0% from $17.0B in Q1 of the prior year. Both Q1 2026 and Q4 of the prior year saw lower levels of capital invested, largely driven by a lack of mega-deals (>$1B) in each quarter. The largest deal in Q1 was Gaw Capital Partners' $5o0.0 million acquisition of Korea Environment Technology while in Q4, Asian