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  1. Deals Analysis
July 25, 2022updated 27 Jul 2022 5:07pm

US construction & real estate industry sees a drop of 22.62% in deal activity in June 2022

By Carmen

US construction & real estate industry saw a drop of 22.62% in overall deal activity during June 2022, when compared with the last 12-month average, led by CRH’s $1.9bn acquisition of Barrette Outdoor Living, according to GlobalData’s deals database.

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A total of 65 deals worth $3.4bn were announced in June 2022, compared with the 12-month average of 84 deals.

M&A was the leading category in the month in terms of volume with 51 deals, which accounted for 78.5% of all deals.

In second place was venture financing with eight deals, followed by private equity with six transactions, respectively accounting for 12.3% and 9.2% 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 $3.24bn, followed by venture financing deals totalled $139.05m.

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

The top five construction & real estate industry deals accounted for 97.5% of the overall value during June 2022.

The combined value of the top five construction & real estate deals stood at $3.29bn, against the overall value of $3.4bn recorded for the month.

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

1) CRH $1.9bn acquisition deal with Barrette Outdoor Living

2) The $512m acquisition of Coastal Plywood by Boise Cascade

3) Primoris Services $470m acquisition deal with PLH Group

4) The $355.3m acquisition of Tulloch by EastGroup Properties

5) Basis Set Ventures,DST Global,FJ Labs,GGV Capital,MetaProp Ventures and Prysm Capital $53m venture financing deal with Ergeon

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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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