Total construction & real estate industry M&A deals worth $10.4bn were announced in the US in June 2021, with Blackstone Real Estate Income Trust’s $6bn acquisition of Home Partners of America being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 140.7% over the previous month of $4.3bn and a rise of 315.7% when compared with the last 12-month average of $2.49bn.
The US held a 62.54% share of the global construction & real estate industry M&A deal value that totalled $16.55bn in June 2021.
In terms of M&A deal activity, the US recorded 55 deals during June 2021, marking an increase of 12.24% over the previous month and a rise of 34.15% over the 12-month average.
US construction & real estate industry M&A deals in June 2021: Top deals
The top five construction & real estate industry M&A deals accounted for 99.2% of the overall value during June 2021.
The combined value of the top five construction & real estate M&A deals stood at $10.27bn, against the overall value of $10.4bn recorded for the month.
The top five construction & real estate industry M&A deals of June 2021 tracked by GlobalData were:
1) Blackstone Real Estate Income Trust’s $6bn acquisition of Home Partners of America
2) The $2.3bn acquisition of New Senior Investment Group by Ventas
3) Vulcan Materials’ $1.29bn acquisition of U.S. Concrete.
4) The $375m acquisition of Hixson Lumber Sales by Doman Building Materials Group
5) Hardwoods Distribution’s acquisition of Novo Building Products for $303m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.