Construction & real estate industry M&A deals in March 2019 total $4.49bn in US

29 April 2019 (Last Updated April 29th, 2019 13:49)

Construction & real estate industry M&A deals in March 2019 total $4.49bn in US

Total construction & real estate industry M&A deals in March 2019 worth $4.49bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 1252.3% over the previous month and a drop of 51.01% when compared with the last 12-month average of $9.16bn.

The US held a 43% share of the global construction & real estate industry M&A deal value that totalled $10.44bn in March 2019.

In terms of deal activity, the US recorded 53 deals during March 2019, marking an increase of 29.3% over the previous month and a rise of 1.9% over the 12-month average.

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

The top three construction & real estate industry M&A deals accounted for 93.8% of the overall value during March 2019.

The combined value of the top three construction & real estate industry M&A deals stood at $4.21bn, against the overall value of $4.49bn recorded for the month. The top announced construction & real estate industry M&A 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 Select Interior Concepts’ $11m acquisition of Intown Design.

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.