US construction & real estate industry sees a drop of 15.9% in deal activity in June 2020

24 July 2020 (Last Updated July 24th, 2020 14:15)
US construction & real estate industry sees a drop of 15.9% in deal activity in June 2020

The US construction & real estate industry saw a drop of 15.9% in overall deal activity during June 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 53 deals worth $517.58m were announced in June 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 73.6% of all deals.

In second place was venture financing with nine deals, followed by private equity with five transactions, respectively accounting for 17% and 9.4% 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 $312.7m, while private equity and venture financing deals totalled $107m and $97.88m, respectively.

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

The top five construction & real estate industry deals accounted for 84.01% of the overall value during June 2020.

The combined value of the top five construction & real estate deals stood at $434.8m, against the overall value of $517.58m recorded for the month.

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

1) Sergo's $257.18m asset transaction with Federated Hermes

2) The $90m private equity deal with PrescientInc by Eldridge Industries

3) Canaan Partners, Jackson Square Ventures, Lightspeed Management Company and Wells Fargo &'s $41.5m venture financing of Mynd Management

4) The $26.12m acquisition of DMG Park Mezz by Createrich Investments

5) 7BC Venture Capital, Blumberg Capital, Correlation Ventures, FJ Labs, Interplay Ventures, Moderne Ventures and QED Investors’ venture financing of Easyknock for $20m.

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.