US construction & real estate industry sees a rise of 4% in deal activity in March 2019

29 April 2019 (Last Updated April 29th, 2019 10:31)

US construction & real estate industry sees a rise of 4% in deal activity in March 2019

The US construction & real estate industry saw a rise of 4% in overall deal activity during March 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 78 deals worth $5.6bn were announced in March 2019, compared to the 12-month average of 75 deals.

M&A was the leading category in the month in terms of volume with 53 deals which accounted for 68% of all deals.

In second place was venture financing with 21 deals, followed by private equity with four transactions, respectively accounting for 26.9% and 5.1% 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 $4.49bn, while private equity deals totalled $1.11bn.

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

The top five construction & real estate industry deals accounted for 89.8% of the overall value during March 2019.

The combined value of the top five construction & real estate industry deals stood at $5.02bn, against the overall value of $5.6bn recorded for the month. The top announced US construction & real estate industry deal tracked by GlobalData in March 2019 was $2.2bn merger of Cousins Properties and TIER REIT.

In second place was the $2bn acquisition of HFF by Jones Lang LaSalle and in third place was Tencent Holdings’ $800m venture financing of Tianjin Hut Information Technology.

The $14m venture financing of Dvele by Crescent Real Estate Holdings and Select Interior Concepts’s acquisition of Intown Design for $11m held fourth and fifth positions, respectively.

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.