US construction & real estate industry sees a drop of 30.4% in deal activity in December 2019

23 January 2020 (Last Updated January 23rd, 2020 12:37)

US construction & real estate industry sees a drop of 30.4% in deal activity in December 2019

The US construction & real estate industry saw a drop of 30.4% in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 48 deals worth $505.11m were announced in December 2019, compared to the 12-month average of 69 deals.

M&A was the leading category in the month in terms of volume with 34 deals which accounted for 70.8% of all deals.

In second place was private equity with 11 deals, followed by venture financing with three transactions, respectively accounting for 22.9% and 6.3% 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 $463.1m, while private equity and venture financing deals totalled $40.21m and $1.8m, respectively.

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

The top five construction & real estate industry deals accounted for 99.6% of the overall value during December 2019.

The combined value of the top five construction & real estate deals stood at $503m, against the overall value of $505.11m recorded for the month.

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

1) Huntsman's $350m acquisition of Icynene-Lapolla

2) The $92m acquisition of NewSouth Window Solutions by PGT Innovations

3) Accomplice, Insight Partners, JLL Spark Global Venture Fund, Navitas Capital and Pritzker Group Venture Capital's $34.2m venture financing of HqO

4) The $20.8m asset transaction with CBL & Associates Properties by Horizon Group Properties

5) Halogen Ventures, Link Ventures, LLLP, Luma Launch, Rest Seed Fund, Techstars Ventures and Western Technology Investment's venture financing of Trust & Will for $6m.

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.