US construction & real estate industry deal activity unplugged
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US construction & real estate industry sees a rise of 11.48% in deal activity in June 2021

28 Jul 2021

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.

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.

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.