Total construction & real estate industry M&A deals worth $4.3bn were announced in the US in May 2021, with Equity Commonwealth’s $3.4bn acquisition of Monmouth Real Estate Investment being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 125.1% over the previous month of $1.91bn and a rise of 92% when compared with the last 12-month average of $2.24bn.
The US held a 9.16% share of the global construction & real estate industry M&A deal value that totalled $46.96bn in May 2021.
In terms of M&A deal activity, the US recorded 49 deals during May 2021, marking a decrease of 15.52% over the previous month and a rise of 25.64% over the 12-month average.
US construction & real estate industry M&A deals in May 2021: Top deals
The top five construction & real estate industry M&A deals accounted for 100% of the overall value during May 2021.
The combined value of the top five construction & real estate M&A deals stood at $4.3bn, against the overall value of $4.3bn recorded for the month.
The top five construction & real estate industry M&A deals of May 2021 tracked by GlobalData were:
1) Equity Commonwealth’s $3.4bn acquisition of Monmouth Real Estate Investment
2) The $400m acquisition of Cornerstone Building Alliance SW by Builders FirstSource
3) McGrath RentCorp’ $260m acquisition of Design Space Modular Buildings.
4) The $150m acquisition of New Aqua by Franklin ElectricInc
5) Floor & Decor Holdings’ acquisition of Spartan Surfaces for $90m.
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.