North America’s construction & real estate industry sees a rise of 5.4% in deal activity in Q3 2019

7 November 2019 (Last Updated November 7th, 2019 11:26)

North America’s construction & real estate industry sees a rise of 5.4% in deal activity in Q3 2019

North America's construction & real estate industry saw a rise of 5.4% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 236 deals worth $25.26bn were announced for the region during Q3 2019, against the last four-quarter average of 224 deals.

Of all the deal types, M&A saw most activity in Q3 2019 with 177, representing a 75% share for the region.

In second place was venture financing with 31 deals, followed by private equity deals with 28 transactions, respectively capturing a 13.1% and 11.9% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America's construction & real estate industry with $14.89bn, while private equity and venture financing deals totalled $9.56bn and $816.87m, respectively.

North America construction & real estate industry deals in Q3 2019: Top deals

The top five construction & real estate deals accounted for 62.4% of the overall value during Q3 2019.

The combined value of the top five construction & real estate deals stood at $15.77bn, against the overall value of $25.26bn recorded for the quarter.

The top five construction & real estate industry deals of Q3 2019 tracked by GlobalData were:

1) The Blackstone Group's $4.66bn private equity deal with Dream Global Real Estate Investment Trust

2) The $3.99bn acquisition of Industrial Property Trust by Prologis

3) J2 Acquisition's $2.9bn acquisition of APi Group

4) The $2.46bn private equity deal with 407 International by The CPP Investment Board

5) Great Pacific Capital's acquisition of Canfor for $1.76bn.

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.