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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 ShowingTime.com by Zillow Group

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