Total construction & real estate industry M&A deals worth $4.05bn were announced in North America in February 2021, led by Quikrete Holdings’ $2.74bn acquisition of Forterra, according to GlobalData’s deals database.
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The value marked a decrease of 41.6% over the previous month of $6.94bn and a rise of 15.7% when compared with the last 12-month average of $3.5bn.
North America held a 67.39% share of the global construction & real estate industry M&A deal value that totalled $6.01bn in February 2021. With a 67.39% share and deals worth $4.05bn, 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 42 deals during February 2021, marking a decrease of 40.85% over the previous month and a drop of 16.00% over the 12-month average. The US recorded 39 deals during the month.
North America construction & real estate industry M&A deals in February 2021: Top deals
The top five construction & real estate industry M&A deals accounted for 100% of the overall value during February 2021.
The combined value of the top five construction & real estate deals stood at $4.05bn, against the overall value of $4.05bn recorded for the month.
The top five construction & real estate industry M&A deals of February 2021 tracked by GlobalData were:
1) Quikrete Holdings’ $2.74bn acquisition of Forterra
2) The $608m acquisition of RentPath by Redfin
3) Zillow Group’s $500m acquisition of ShowingTime.com
4) The $200m acquisition of Industrious by CBRE Group
5) Fastenal’s asset transaction with for $0.95m.
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.