Total construction & real estate industry M&A deals in Q1 2019 worth $7.56bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 121.3% over the previous quarter and a drop of 74% when compared with the last four-quarter average of $29.02bn.
The US held an 18% share of the global construction & real estate industry M&A deal value that totalled $41.97bn in Q1 2019.
In terms of deal activity, the US recorded 167 deals during Q1 2019, marking an increase of 6% over the previous quarter and a rise of 7.05% over the last four-quarter average.
The US construction & real estate industry M&A deals in Q1 2019: Top deals
The top five construction & real estate industry M&A deals accounted for 89.3% of the overall value during Q1 2019.
The combined value of the top five construction & real estate industry M&A deals stood at $6.75bn, against the overall value of $7.56bn recorded for the quarter. The top announced construction & real estate industry M&A deal tracked by GlobalData in Q1 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 Oxford Properties Group’s $1.7bn stake acquisition of IDI Logistics.
The $600m acquisition of MedEquities Realty Trust by Omega Healthcare Investors and iStar’s stake acquisition of Safety, Income & Growth for $250m held fourth and fifth positions, respectively.
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.