Total construction & real estate industry M&A deals worth $10.9bn were announced in North America in November 2021, led by American Tower’s $10.1bn acquisition of CoreSite Realty, according to GlobalData’s deals database.
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The value marked an increase of 67.2% over the previous month of $6.53bn and a rise of 93.6% when compared with the last 12-month average of $5.64bn.
North America held an 80.77% share of the global construction & real estate industry M&A deal value that totalled $13.52bn in November 2021. With a 77.88% share and deals worth $10.53bn, the US was the top country in North America’s M&A deal value across construction & real estate industry.
In terms of M&A deal activity, North America recorded 51 deals during November 2021, marking a decrease of 7.27% over the previous month and a drop of 7.27% over the 12-month average. The US recorded 46 deals during the month.
North America construction & real estate industry M&A deals in November 2021: Top deals
The top five construction & real estate industry M&A deals accounted for 99.4% of the overall value during November 2021.
The combined value of the top five construction & real estate deals stood at $10.86bn, against the overall value of $10.9bn recorded for the month.
The top five construction & real estate industry M&A deals of November 2021 tracked by GlobalData were:
1) American Tower $10.1bn acquisition deal with CoreSite Realty
2) The $386.95m acquisition of Eacom Timber by Interfor
3) GMS $212.5m acquisition deal with Ames Taping Tool Systems
4) The $90m acquisition of Radiant Pools by Latham Group
5) Stella-Jones $66m acquisition deal with Cahaba Pressure Treated Forest Products