North America’s construction & real estate industry saw a rise of 32.84% in deal activity during March 2021, when compared with the last 12-month average, led by Slate Asset Management’s $2.33bn acquisition of Annaly Capital Management, according to GlobalData’s deals database.
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A total of 89 construction & real estate industry deals worth $6.98bn were announced for the region in March 2021, against the 12-month average of 67 deals.
Of all the deal types, M&A saw most activity in March 2021 with 60 transactions, representing a 67.4% share for the region.
In second place was venture financing with 15 deals, followed by private equity deals with 14 transactions, respectively capturing a 16.9% and 15.7% 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 $4.22bn, while private equity and venture financing deals totalled $2.43bn and $328.91m, respectively.
North America construction & real estate industry deals in March 2021: Top deals
The top five construction & real estate deals accounted for 93.4% of the overall value during March 2021.
The combined value of the top five construction & real estate deals stood at $6.52bn, against the overall value of $6.98bn recorded for the month.
The top five construction & real estate industry deals of March 2021 tracked by GlobalData were:
1) Slate Asset Management’s $2.33bn private equity deal with Annaly Capital Management
2) The $2.29bn acquisition deal with Columbia Property Trust by 8F Investment Partners, Arkhouse Partners and AS8888
3) The $1.28bn merger of BowX Acquisition and WeWork Companies
4) The $375m acquisition of StonePoint Materials by Arcosa
5) Fluidra’s acquisition of Custom Molded Products for $245m.
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.