US construction & real estate industry sees a drop of 14.5% in deal activity in November 2019

20 December 2019 (Last Updated December 20th, 2019 13:05)

US construction & real estate industry sees a drop of 14.5% in deal activity in November 2019

The US construction & real estate industry saw a drop of 14.5% in overall deal activity during November 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 59 deals worth $6.53bn were announced in November 2019, compared to the 12-month average of 69 deals.

M&A was the leading category in the month in terms of volume with 49 deals which accounted for 83.05% of all deals.

In second place was private equity and venture financing with five transactions, respectively and each accounting for 8.5% 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 $6.39bn, while private equity and venture financing deals totalled $115m and $28.24m, respectively.

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

The top five construction & real estate industry deals accounted for 91.9% of the overall value during November 2019.

The combined value of the top five construction & real estate deals stood at $6bn, against the overall value of $6.53bn recorded for the month.

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

1) Taylor Morrison Home's $2.4bn acquisition of William Lyon Homes

2) The $1.56bn acquisition of Continental Building Products by Saint-Gobain

3) ACProducts's $1bn acquisition of Masco Cabinetry

4) The $665m asset transaction with Kosmos Cement by Eagle Materials

5) Broadstone Net Lease's acquisition of Broadstone Real Estate for $375m.

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.