Construction & real estate industry M&A deals in May 2019 total $4.24bn in US

21 June 2019 (Last Updated June 21st, 2019 11:24)

Construction & real estate industry M&A deals in May 2019 total $4.24bn in US

Total construction & real estate industry M&A deals in May 2019 worth $4.24bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 3236.4% over the previous month and a drop of 4.6% when compared with the last 12-month average of $4.45bn.

The US held a 41.1% share of the global construction & real estate industry M&A deal value that totalled $10.32bn in May 2019.

In terms of deal activity, the US recorded 56 deals during May 2019, marking an increase of 30.2% over the previous month and a rise of 7.7% over the 12-month average.

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

The top three construction & real estate industry M&A deals accounted for 91.2% of the overall value during May 2019.

The combined value of the top three construction & real estate industry M&A deals stood at $3.87bn, against the overall value of $4.24bn recorded for the month. The top announced construction & real estate industry M&A deal tracked by GlobalData in May 2019 was Park Hotels & Resorts’ $2.7bn acquisition of Chesapeake Lodging Trust.

In second place was the $680m acquisition of Control4 by SnapAV and in third place was H.I.G. Realty Partners’ $487m industrial and flex portfolio asset acquisition.

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.