North America’s construction & real estate industry saw a rise of 17.46% in deal activity during May 2021, when compared with the last 12-month average, led by Equity Commonwealth’s $3.4bn acquisition of Monmouth Real Estate Investment, according to GlobalData’s deals database.
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A total of 74 construction & real estate industry deals worth $6.1bn were announced for the region in May 2021, against the 12-month average of 63 deals.
Of all the deal types, M&A saw most activity in May 2021 with 56 transactions, representing a 75.7% share for the region.
In second place was private equity with nine deals, followed by venture financing deals with nine transactions, respectively capturing a 12.2% and 12.2% 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 $4.3bn, while private equity and venture financing deals totalled $1.62bn and $190.94m, respectively.
North America construction & real estate industry deals in May 2021: Top deals
The top five construction & real estate deals accounted for 86% of the overall value during May 2021.
The combined value of the top five construction & real estate deals stood at $5.26bn, against the overall value of $6.1bn recorded for the month.
The top five construction & real estate industry deals of May 2021 tracked by GlobalData were:
1) Equity Commonwealth’s $3.4bn acquisition of Monmouth Real Estate Investment
2) The $972m private equity deal with Landmark Dividend by Digital Colony Management
3) Builders FirstSource’s $400m acquisition of Cornerstone Building Alliance SW
4) The $260m acquisition of Design Space Modular Buildings by McGrath RentCorp
5) ACORE Capital’s private equity deal with AJ Capital Partners for $225m.
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.