US construction & real estate industry sees a drop of 4.4% in deal activity in October 2019

14 November 2019 (Last Updated November 14th, 2019 10:36)

US construction & real estate industry sees a drop of 4.4% in deal activity in October 2019

The US construction & real estate industry saw a drop of 4.4% in overall deal activity during October 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 65 deals worth $15.81bn were announced in October 2019, compared to the 12-month average of 68 deals.

M&A was the leading category in the month in terms of volume with 51 deals which accounted for 78.5% of all deals.

In second place was private equity with eight deals, followed by venture financing with six transactions, respectively accounting for 12.3% and 9.2% 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 $13.97bn, while private equity and venture financing deals totalled $1.82bn and $20.16m, respectively.

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

The top five construction & real estate industry deals accounted for 97.9% of the overall value during October 2019.

The combined value of the top five construction & real estate deals stood at $15.47bn, against the overall value of $15.81bn recorded for the month.

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

1) Prologis’ $12.6bn acquisition of Liberty Property Trust

2) The $1.5bn private equity deal with WeWork Companies by SoftBank Group

3) MI Windows and Doors's $725m acquisition of Milgard Manufacturing

4) The $343.6m acquisition of Jensen’s by Sun Communities

5) Eldridge Industries’ private equity deal with Kennedy Wilson for $300m.

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.