US construction & real estate industry sees a drop of 20.6% in deal activity in July 2020

1 September 2020 (Last Updated September 1st, 2020 20:45)

US construction & real estate industry sees a drop of 20.6% in deal activity in July 2020

The US construction & real estate industry saw a drop of 20.6% in overall deal activity during July 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 50 deals worth $220.95m were announced in July 2020, compared to the 12-month average of 63 deals.

M&A was the leading category in the month in terms of volume with 39 deals which accounted for 78% of all deals.

In second place was private equity with six deals, followed by venture financing with five transactions, respectively accounting for 12% and 10% 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 $200m, while private equity and venture financing deals totalled $17.6m and $3.35m, respectively.

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

The top three construction & real estate industry deals accounted for 98.9% of the overall value during July 2020.

The combined value of the top three construction & real estate deals stood at $218.45m, against the overall value of $220.95m recorded for the month.

The top three construction & real estate industry deals of July 2020 tracked by GlobalData were:

1) Ascendant Capital Partners and Oaktree Capital Management's $200m private equity deal with Watermark Lodging Trust

2) The $17.6m acquisition of Inter-American Group Holdings by Global Medical REIT

3) Arquitectonica International, Beagle Ventures, Caoba Capital and LAB Miami Ventures’ $0.85m venture financing of Expetitle

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.