Dealmakers polled last month reported the highest level of early-stage deal flow that they've seen in six months.
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The mid-market M&A conditions index rose to 60.1 from February; any reading above 50 indicates an expansion in M&A.
Investors were hungry for GrubHub's (GRUB) initial public offering; shares of the online food-delivery service jumped 31% in their first day of trading Friday. GrubHub, which merged with Seamless last year, priced its IPO at $26 a share, raising a greater-than-projected $193 million.
Meanwhile, the company connected to a chemical spill in West Virginia reportedly is looking to cut ties with its former owners. Freedom Industries says Dennis Farrell and William Tis are no longer working for the company and their contracts are an unnecessary burden.
The January 9th spill contaminated the water supply for an estimated 300,000 people.
Freedom Industries recently filed for bankruptcy protection.