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.
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.