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  1. Deals Analysis
April 28, 2022

US construction & real estate industry sees a drop of 10.84% in deal activity in March 2022

By Carmen

US construction & real estate industry saw a drop of 10.84% in overall deal activity during March 2022, when compared with the last 12-month average, led by Bond Capital Management, Fifth Wall Ventures Management, JLL Spark Global Venture Fund, Lennar Ventures and Zeev Ventures’ $400m venture financing of Veev Group, according to GlobalData’s deals database.

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A total of 74 deals worth $1.3bn were announced in March 2022, compared with the 12-month average of 83 deals.

M&A was the leading category in the month in terms of volume with 48 deals, which accounted for 64.9% of all deals.

In second place was venture financing with 14 deals, followed by private equity with 12 transactions, respectively accounting for 18.9% and 16.2% of overall deal activity in the US technology industry during the month.

In terms of value of deals, M&A was the leading deal category in the US construction & real estate industry with total deals worth $670m, followed by venture financing deals totalled $649.69m.

US construction & real estate industry deals in March 2022: Top deals

The top five construction & real estate industry deals accounted for 84.9% of the overall value during March 2022.

The combined value of the top five construction & real estate deals stood at $1.12bn, against the overall value of $1.3bn recorded for the month.

The top five construction & real estate industry deals of March 2022 tracked by GlobalData were:

1) Bond Capital Management,Fifth Wall Ventures Management,JLL Spark Global Venture Fund,Lennar Ventures and Zeev Ventures $400m venture financing deal with Veev Group

2) The $350m acquisition of Huttig Building Products by Woodgrain Millwork

3) Wheeler Real Estate Investment Trust $291m acquisition deal with Cedar Realty Trust

4) The $50m venture financing of Alfred Club by 166 2nd Financial Services,Bob Faith,Holland Management,Jason Finger,Jay Massirman,New Enterprise Associates and Rialto Capital Management

5) Mortgage Connect $29m acquisition deal with Adfitech

Related Companies

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.

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