On Monday, Time Warner Cable announced a $3 billion deal with Insight Communications and Transocean announced its purchase of Aker Drilling for $1.43 billion.
In addition to technology, Solomon also thinks the health-care sector will show consolidation as large-cap pharmaceutical companies seek to round out their drug discovery pipelines.
To fund these mergers and acquisitions, companies are turning to a variety of financing options. Some are buying other companies with cash while others are initiating stock-for-stock deals. Also, many companies are still turning to the financing market.
Solomon said since many small-cap companies are valued more attractively now than in recent months, this is a buying opportunity now for larger companies.
"I think there's really an opportunity for larger companies who are consolidators to really take advantage of those prices," he said.
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Disclosure information was not available for Jeffrey Solomon or his company.