Total construction & real estate industry M&A deals worth $670m were announced in North America in March 2022, led by Woodgrain Millwork’s $350m acquisition of Huttig Building Products, according to GlobalData’s deals database.
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The value marked a decrease of 89.6% over the previous month of $6.45bn and a drop of 89.5% when compared with the last 12-month average of $6.37bn.
North America held an 8.33% share of the global construction & real estate industry M&A deal value that totalled $8.04bn in March 2022. With an 8.33% share and deals worth $670m, 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 51 deals during March 2022, marking an increase of 8.51% over the previous month and a drop of 17.74% over the 12-month average. The US recorded 48 deals during the month.
North America construction & real estate industry M&A deals in March 2022: Top deals
The top three construction & real estate industry M&A deals accounted for 100% of the overall value during March 2022.
The combined value of the top three construction & real estate deals stood at $670m, against the overall value of $670m recorded for the month.
The top three construction & real estate industry M&A deals of March 2022 tracked by GlobalData were:
1) Woodgrain Millwork $350m acquisition deal with Huttig Building Products
2) The $291m acquisition of Cedar Realty Trust by Wheeler Real Estate Investment Trust
3) Mortgage Connect $29m acquisition deal with Adfitech
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.