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North America’s construction & real estate industry saw a drop of 30.43% in deal activity during February 2021

29 Mar 2021 (Last Updated March 29th, 2021 18:31)

North America’s construction & real estate industry saw a drop of 30.43% in deal activity during February 2021, when compared with the last 12-month average, led by Quikrete Holdings’ $2.74bn acquisition of Forterra, according to GlobalData’s deals database.

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A total of 48 construction & real estate industry deals worth $5.69bn were announced for the region in February 2021, against the 12-month average of 69 deals.

Of all the deal types, M&A saw most activity in February 2021 with 42 transactions, representing an 87.5% share for the region.

In second place was private equity with four deals, followed by venture financing deals with two transactions, respectively capturing an 8.3% and 4.2% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s construction & real estate industry with $4.05bn, while private equity and venture financing deals totalled $1.6bn and $40.6m, respectively.

North America construction & real estate industry deals in February 2021: Top deals

The top five construction & real estate deals accounted for 99.3% of the overall value during February 2021.

The combined value of the top five construction & real estate deals stood at $5.65bn, against the overall value of $5.69bn recorded for the month.

The top five construction & real estate industry deals of February 2021 tracked by GlobalData were:

1) Quikrete Holdings’ $2.74bn acquisition of Forterra

2) The $1.6bn private equity deal with Interior Logic Group by The Blackstone Group

3) Redfin’s $608m acquisition of RentPath

4) The $500m acquisition of ShowingTime.com by Zillow Group

5) CBRE Group’s acquisition of Industrious for $200m.