US construction & real estate industry deal activity unplugged
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US construction & real estate industry sees a drop of 28.57% in deal activity in February 2021

21 Mar 2021 (Last Updated March 25th, 2021 02:29)

US construction & real estate industry saw a drop of 28.57% in overall deal activity during February 2021, when compared with the last 12-month average, led by Quikrete Holdings’ $2.74bn acquisition of Forterra, according to GlobalData’s deals database.

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A total of 45 deals worth $5.69bn were announced in February 2021, compared with the 12-month average of 63 deals.

M&A was the leading category in the month in terms of volume with 39 deals, which accounted for 86.7% of all deals.

In second place was private equity with four deals, followed by venture financing with two transactions, respectively accounting for 8.9% and 4.4% 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 $4.05bn, while private equity and venture financing deals totalled $1.6bn and $40.6m respectively.

US construction & real estate industry deals in February 2021: Top deals

The top five construction & real estate industry deals accounted for 99.3% of the overall value during February 2021.

The combined value of the top five construction & real estate deals stood at $5.65bn, against the overall value of $5.69bn recorded for the month.

The top five construction & real estate industry deals of February 2021 tracked by GlobalData were:

1) Quikrete Holdings’ $2.74bn acquisition of Forterra

2) The $1.6bn private equity deal with Interior Logic Group by The Blackstone Group

3) Redfin’s $608m acquisition of RentPath

4) The $500m acquisition deal with by Zillow Group

5) CBRE Group’s acquisition of Industrious for $200m.

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.