US construction & real estate industry sees a drop of 1.5% in deal activity in September 2019

22 October 2019 (Last Updated October 22nd, 2019 13:47)

US construction & real estate industry sees a drop of 1.5% in deal activity in September 2019

The US construction & real estate industry saw a drop of 1.5% in overall deal activity during September 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 66 deals worth $4.96bn were announced in September 2019, compared to the 12-month average of 67 deals.

M&A was the leading category in the month in terms of volume with 47 deals which accounted for 71.2% of all deals.

In second place was private equity with ten deals, followed by venture financing with nine transactions, respectively accounting for 15.2% and 13.6% 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 $3.44bn, while private equity and venture financing deals totalled $1.43bn and $90.2m, respectively.

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

The top five construction & real estate industry deals accounted for 98.2% of the overall value during September 2019.

The combined value of the top five construction & real estate deals stood at $4.87bn, against the overall value of $4.96bn recorded for the month.

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

1) J2 Acquisition's $2.9bn acquisition of APi Group

2) The $1.3bn private equity deal with Brand Industrial Services by Brookfield Business Partners

3) The $390m merger of Gordon Pointe Acquisition and HOF Village

4) The $151m asset transaction with Giant Cement by Lehigh Hanson

5) Xander Investment Management's private equity deal with Nv Realty for $125.4m.

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.