Construction & real estate industry M&A deals in Q2 2019 total $3.69bn in US

18 July 2019 (Last Updated July 18th, 2019 06:49)

Construction & real estate industry M&A deals in Q2 2019 total $3.69bn in US

Total construction & real estate industry M&A deals in Q2 2019 worth $3.69bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 49.2% over the previous quarter and a drop of 81.1% when compared with the last four-quarter average of $19.49bn.

The US held a 13.3% share of the global construction & real estate industry M&A deal value that totalled $27.83bn in Q2 2019.

In terms of deal activity, the US recorded 147 deals during Q2 2019, marking a drop of 15.5% over the previous quarter and a drop of 8.1% over the last four-quarter average.

The US construction & real estate industry M&A deals in Q2 2019: Top deals

The top five construction & real estate industry M&A deals accounted for 99.9% of the overall value during Q2 2019.

The combined value of the top five construction & real estate industry M&A deals stood at $3.69bn, against the overall value of $3.69bn recorded for the quarter. The top announced construction & real estate industry M&A deal tracked by GlobalData in Q2 2019 was Park Hotels & Resorts’ $2.7bn acquisition of Chesapeake Lodging Trust.

In second place was the $487m asset transaction with by H.I.G. Realty Partners and in third place was FirstService's $376.58m acquisition of Global Restoration Holdings.

The $94m asset transaction with CNL Healthcare Trust by Global Medical REIT and Full Season International's stake acquisition of Ministerium Capital for $29.39m held fourth and fifth positions, respectively.

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.