Cyclotrimerization of acetylene to benzene has attracted significant interest, but the role of geometric and electronic effects on catalytic chemistry remains unclear. To fully elucidate the mechanism of catalytic acetylene-to-benzene conversion, we have performed a gas-phase reaction study of the Fen+, Con+, and Nin+ (n = 1-16) clusters with acetylene utilizing a customized mass spectrometer. It is found that their reactions with acetylene are initiated by C2H2 molecular adsorption and allow for dominant dehydrogenation with the relatively low partial pressure of the acetylene gas. However, at high acetylene concentrations, the cyclotrimerization in Mn+ + 3C2H2 (M = Fe, Co, Ni) becomes the dominant reaction channel. We demonstrate theoretically the favorable thermodynamics and reaction dynamics leading to the formation of the M+(C6H6) products. The results are discussed in terms of a cluster-catalyzed multimolecule synergistic effect and the cation-π interactions.