North America’s construction & real estate industry saw a rise of 10.45% in deal activity during June 2021, when compared with the last 12-month average, led by Blackstone Real Estate Income Trust’s $6bn acquisition of Home Partners of America, according to GlobalData’s deals database.
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A total of 74 construction & real estate industry deals worth $10.7bn were announced for the region in June 2021, against the 12-month average of 67 deals.
Of all the deal types, M&A saw most activity in June 2021 with 59 transactions, representing a 79.7% share for the region.
In second place was venture financing with 11 deals, followed by private equity deals with four transactions, respectively capturing a 14.9% and 5.4% 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 $10.35bn, followed by venture financing deals totalled $364m.
North America construction & real estate industry deals in June 2021: Top deals
The top five construction & real estate deals accounted for 95.9% of the overall value during June 2021.
The combined value of the top five construction & real estate deals stood at $10.27bn, against the overall value of $10.7bn recorded for the month.
The top five construction & real estate industry deals of June 2021 tracked by GlobalData were:
1) Blackstone Real Estate Income Trust’s $6bn acquisition of Home Partners of America
2) The $2.3bn acquisition deal with New Senior Investment Group by Ventas
3) Vulcan Materials’ $1.29bn acquisition of U.S. Concrete
4) The $375m acquisition of Hixson Lumber Sales by Doman Building Materials Group
5) Hardwoods Distribution’s acquisition of Novo Building Products for $303m.
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.