Total construction & real estate industry M&A deals worth $6.07bn were announced in the US in January 2021, with LafargeHolcim’s $3.4bn acquisition of Firestone Building ProductsLLC being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 437.2% over the previous month of $1.13bn and a rise of 159.4% when compared with the last 12-month average of $2.34bn.
The US held a 68.74% share of the global construction & real estate industry M&A deal value that totalled $8.83bn in January 2021.
In terms of M&A deal activity, the US recorded 59 deals during January 2021, marking an increase of 7.27% over the previous month and a rise of 28.26% over the 12-month average.
US construction & real estate industry M&A deals in January 2021: Top deals
The top three construction & real estate industry M&A deals accounted for 99.8% of the overall value during January 2021.
The combined value of the top three construction & real estate M&A deals stood at $6.06bn, against the overall value of $6.07bn recorded for the month.
The top three construction & real estate industry M&A deals of January 2021 tracked by GlobalData were:
1) LafargeHolcim’s $3.4bn acquisition of Firestone Building ProductsLLC
2) The $2.64bn merger of Landcadia Holdings III and The Hillman Group
3) Caesarstone’ $27m acquisition of Omicron Granite & Tile.
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.