US construction & real estate industry deal activity unplugged
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US construction & real estate industry sees a rise of 12.07% in deal activity in May 2021

30 Jun 2021

US construction & real estate industry saw a rise of 12.07% in overall deal activity during May 2021, when compared with the last 12-month average, led by Equity Commonwealth’s $3.4bn acquisition of Monmouth Real Estate Investment, according to GlobalData’s deals database.

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A total of 65 deals worth $6.1bn were announced in May 2021, compared with the 12-month average of 58 deals.

M&A was the leading category in the month in terms of volume with 49 deals, which accounted for 75.4% of all deals.

In second place was private equity with eight deals, followed by venture financing with eight transactions, respectively accounting for 12.3% and 12.3% 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 $4.3bn, while private equity and venture financing deals totalled $1.62bn and $190.94m respectively.

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

The top five construction & real estate industry deals accounted for 86% of the overall value during May 2021.

The combined value of the top five construction & real estate deals stood at $5.26bn, against the overall value of $6.1bn recorded for the month.

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

1) Equity Commonwealth’s $3.4bn acquisition of Monmouth Real Estate Investment

2) The $972m private equity deal with Landmark Dividend by Digital Colony Management

3) Builders FirstSource’s $400m acquisition of Cornerstone Building Alliance SW

4) The $260m acquisition deal with Design Space Modular Buildings by McGrath RentCorp

5) ACORE Capital’s private equity with AJ Capital Partners for $225m.

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.