Total construction & real estate industry M&A deals in October 2019 worth $13.97bn were announced in the US, according to GlobalData’s deals database.
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The value marked an increase of 306.05% over the previous month and a rise of 536.7% when compared with the last 12-month average of $2.19bn.
The US held a 65.5% share of the global construction & real estate industry M&A deal value that totalled $21.35bn in October 2019.
In terms of deal activity, the US recorded 51 deals during October 2019, marking an increase of 6.3% over the previous month and a drop of 3.8% over the 12-month average.
The US construction & real estate industry M&A deals in October 2019: Top deals
The top five construction & real estate industry M&A deals accounted for 99.6% of the overall value during October 2019.
The combined value of the top five construction & real estate M&A deals stood at $13.92bn, against the overall value of $13.97bn 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 $725m acquisition of Milgard Manufacturing by MI Windows and Doors
3) Sun Communities's $343.6m acquisition of Jensen’s
4) The $150m asset transaction with Wilsonart by AICA Kogyo
5) Columbia Property Trust's acquisition of Normandy Real Estate Management for $100m.
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.