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.
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.