US construction & real estate industry saw a rise of 11.48% in overall deal activity during June 2021, when compared with the last 12-month average, led by Blackstone Real Estate Income Trust’s $6bn acquisition of Home Partners of America, according to GlobalData’s deals database.

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A total of 68 deals worth $10.7bn were announced in June 2021, compared with the 12-month average of 61 deals.

M&A was the leading category in the month in terms of volume with 55 deals, which accounted for 80.9% of all deals.

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In second place was venture financing with ten deals, followed by private equity with three transactions, respectively accounting for 14.7% 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 $10.35bn, followed by venture financing totalled $364m.

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

The top five construction & real estate industry deals accounted for 95.9% of the overall value during June 2021.

The combined value of the top five construction & real estate deals stood at $10.27bn, against the overall value of $10.7bn recorded for the month.

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

1) Blackstone Real Estate Income Trust’s $6bn acquisition of Home Partners of America

2) The $2.3bn acquisition of New Senior Investment Group by Ventas

3) Vulcan Materials’ $1.29bn acquisition of U.S. Concrete

4) The $375m acquisition deal with Hixson Lumber Sales by Doman Building Materials Group

5) Hardwoods Distribution’s acquisition of Novo Building Products for $303m.