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North America’s construction & real estate industry saw a rise of 18.50% in deal activity in Q1 2021

04 May 2021 (Last Updated May 4th, 2021 18:19)

Led by $3.4bn acquisition of Firestone Building ProductsLLC by LafargeHolcim, North America’s construction & real estate industry saw a rise of 18.50% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 245 deals worth $20.18bn were announced for the region during Q1 2021, against the last four-quarter average of 206.75 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 182 deals, representing a 74.3% share for the region.

In second place was venture financing with 33 deals, followed by private equity deals with 30 transactions, respectively capturing a 13.5% and 12.2% 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 $13.52bn, while private equity and venture financing deals totalled $6.14bn and $520.13m, respectively.

North America construction & real estate industry deals in Q1 2021: Top deals

The top five construction & real estate deals accounted for a 62.6% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $12.63bn, against the overall value of $20.18bn recorded for the quarter.

The top five construction & real estate industry deals of Q1 2021 tracked by GlobalData were:

1) LafargeHolcim’s $3.4bn acquisition of Firestone Building ProductsLLC

2) The $2.74bn acquisition of Forterra by Quikrete Holdings

3) Slate Asset Management’s $2.33bn private equity deal with Annaly Capital Management

4) The $2.29bn acquisition deal with Columbia Property Trust by 8F Investment Partners, Arkhouse Partners and AS8888

5) EQT Partners’ private equity with Exeter Property Group for $1.87bn.