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  1. Deals Analysis
March 27, 2020

US construction & real estate industry sees a rise of 16.4% in deal activity in February 2020

The US construction & real estate industry saw a rise of 16.4% in overall deal activity during February 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 78 deals worth $10.94bn were announced in February 2020, compared to the 12-month average of 67 deals.

M&A was the leading category in the month in terms of volume with 59 deals which accounted for 75.6% of all deals.

In second place was private equity with ten deals, followed by venture financing with nine transactions, respectively accounting for 12.8% and 11.5% of overall deal activity in the country's construction & real estate industry during the month.

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In terms of value of deals, M&A was the leading deal category in the US construction & real estate industry with total deals worth $10.69bn, while private equity and venture financing deals totalled $140m and $108.56m, respectively.

US construction & real estate industry deals in February 2020: Top deals

The top five construction & real estate industry deals accounted for 98.8% of the overall value during February 2020.

The combined value of the top five construction & real estate deals stood at $10.81bn, against the overall value of $10.94bn recorded for the month.

The top five construction & real estate industry deals of February 2020 tracked by GlobalData were:

1) Simon Property Group's $7.38bn acquisition of Taubman Centers

2) The $2.3bn acquisition of Front Yard Residential by Amherst Residential

3) PowerTeam Services's $850m acquisition of Miller Pipeline and Minnesota Limited

4) The $142m acquisition of Coram Materials by U.S. Concrete

5) Blueprint Texas Opportunity Zone Fund LLLP's private equity deal with Cross Street Partners for $140m.

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.

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