US construction & real estate industry sees a drop of 3.1% in deal activity in August 2019

20 September 2019 (Last Updated September 20th, 2019 10:35)

US construction & real estate industry sees a drop of 3.1% in deal activity in August 2019

The US construction & real estate industry saw a drop of 3.1% in overall deal activity during August 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 63 deals worth $2.26bn were announced in August 2019, compared to the 12-month average of 65 deals.

M&A was the leading category in the month in terms of volume with 47 deals which accounted for 74.6% of all deals.

In second place was venture financing with ten deals, followed by private equity with six transactions, respectively accounting for 15.9% and 9.5% of overall deal activity in the country's construction & real estate industry during the month.

In terms of value of deals, M&A was the leading deal category in the US construction & real estate industry with total deals worth $1.74bn, while private equity and venture financing deals totalled $375m and $147.87m, respectively.

US construction & real estate industry deals in August 2019: Top deals

The top five construction & real estate industry deals accounted for 82.3% of the overall value during August 2019.

The combined value of the top five construction & real estate deals stood at $1.86bn, against the overall value of $2.26bn recorded for the month.

The top five construction & real estate industry deals of August 2019 tracked by GlobalData were:

1) The $1.2bn merger of Broadmark Capital and Trinity Merger

2) The $400m acquisition of Plateau Excavation by Sterling Construction

3) SOR PORT's $104.26m acquisition of Reven Housing REIT

4) The $80m venture financing of Industrious National ManagementLLC by Brookfield Properties Retail, Canada Pension Plan Investment Board, Equinoxe Alternative Investment Services, Fifth Wall Ventures Management, Granite Properties, Riverwood Capital, TF Cornerstone and Wells Fargo Strategic Capital

5) Presidio Investors’ private equity deal with Bravas Group for $75m.

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.