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Construction & Real Estate industry M&A deals total $4.05bn in North America in February 2021

23 Mar 2021 (Last Updated March 25th, 2021 01:48)

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.