Total construction & real estate industry M&A deals worth $17bn were announced in North America in April 2021, led by $11.01bn merger of Realty Income and VEREIT, according to GlobalData’s deals database.
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The value marked an increase of 302.4% over the previous month of $4.22bn and a rise of 454.9% when compared with the last 12-month average of $3.06bn.
North America held a 47.87% share of the global construction & real estate industry M&A deal value that totalled $35.47bn in April 2021. With a 47.87% share and deals worth $16.98bn, 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 77 deals during April 2021, marking an increase of 24.19% over the previous month and a rise of 54.00% over the 12-month average. The US recorded 70 deals during the month.
North America construction & real estate industry M&A deals in April 2021: Top deals
The top five construction & real estate industry M&A deals accounted for 100% of the overall value during April 2021.
The combined value of the top five construction & real estate deals stood at $16.98bn, against the overall value of $17bn recorded for the month.
The top five construction & real estate industry M&A deals of April 2021 tracked by GlobalData were:
1) The $11.01bn merger of Realty Income and VEREIT
2) The $3.87bn merger with Kimco Realty and Weingarten Realty Investors by
3) Herman Miller’s $1.8bn acquisition of Knoll
4) The $250m asset transaction with Preferred Apartment Communities by Highwoods Properties
5) Landsea Homes’ acquisition of Vintage Estate Homes for $54.6m.