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This Is Just the Beginning for M&A Deals: Peltz

Thursday, 14 Feb 2013 | 1:00 PM ET
Peltz: Proud Played Small Part in Heinz' Success
Nelson Peltz, director of H.J. Heinz Company, offers insight on Berkshire Hathaway and 3G buying Heinz.

Billionaire investor Nelson Peltz told CNBC that Thursday's two big deals support his thought that the mergers and acquisitions market is back.

In the spirit of Valentine's Day, American Airlines and US Airways announced their merger, while Warren Buffett's Berkshire Hathaway and 3G Capital agreed to buy Heinz.

(Read More: AMR, US Airways Merger Good for Customers: CEOs)

(Read More: Buffett Talks Berkshire Hathaway, 3G Deal to Buy Heinz)

Peltz, who muscled his way onto the Heinz board in 2006, told "Squawk Box" that "kudos" on the Heinz deal goes to the management team for "the amazing performance" over the past seven years. "I am proud to have played a very, very small part in the success."

So far this year, there's been $217 billion in M&A activity in the U.S., according to Dealogic. That's the fastest start since 2000 and more than double the amount tallied in the comparable year-to-date period of 2012.

Mergers and acquisitions are "just getting rolling," Peltz predicted. "I think there are many more deals coming."

Explaining his reasoning, Peltz said, "Revenue growth is hard to come by. I think most of Corporate America feels that they have skinnied down their operations to a point where they can't get much more out of it. So synergies are the next wave of getting [earnings per share] growth."

He said that he had acted on this belief. "We bought Lazard because we thought the M&A market was coming back and it has."

(Flashback: Trian's Peltz: Confident in Lazard Stock)

Peltz's Trian Fund Management disclosed last summer the purchase of a 5.1 percent stake in the investment bank.

By CNBC's Matthew J. Belvedere; Follow him on Twitter @Matt_SquawkCNBC

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