North America’s construction & real estate industry sees a drop of 18.1% in deal activity in Q3 2020

10 November 2020 (Last Updated November 10th, 2020 17:55)

North America’s construction & real estate industry sees a drop of 18.1% in deal activity in Q3 2020

North America's construction & real estate industry saw a drop of 18.1% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 172 deals worth $5.94bn were announced for the region during Q3 2020, against the last four-quarter average of 210 deals.

Of all the deal types, M&A saw most activity in Q3 2020 with 128, representing a 74.4% share for the region.

In second place was private equity with 25 deals, followed by venture financing deals with 19 transactions, respectively capturing a 14.5% and 11.05% 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 $5.26bn, while private equity and venture financing deals totalled $575.4m and $96.2m, respectively.

North America construction & real estate industry deals in Q3 2020: Top deals

The top five construction & real estate deals accounted for 75.7% of the overall value during Q3 2020.

The combined value of the top five construction & real estate deals stood at $4.49bn, against the overall value of $5.94bn recorded for the quarter.

The top five construction & real estate industry deals of Q3 2020 tracked by GlobalData were:

1) Builders FirstSource's $2.5bn acquisition of BMC Stock

2) The $900m acquisition of Jernigan Capital by NexPoint Advisors

3) LF Capital Acquisition's $510m acquisition of Landsea

4) The $379.9m acquisition of Elad Canada by Rester Management

5) Ascendant Capital Partners and Oaktree Capital Management's private equity deal with Watermark Lodging Trust for $200m.

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.