US construction & real estate industry deal activity unplugged
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US construction & real estate industry sees a rise of 14.29% in deal activity in January 2021

01 Mar 2021

US construction & real estate industry saw a rise of 14.29% in overall deal activity during January 2021, when compared with the last 12-month average, led by LafargeHolcim’s $3.4bn acquisition of Firestone Building ProductsLLC, according to GlobalData’s deals database.

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A total of 72 deals worth $8.09bn were announced in January 2021, compared with the 12-month average of 63 deals.

M&A was the leading category in the month in terms of volume with 59 deals, which accounted for 81.9% of all deals.

In second place was private equity with seven deals, followed by venture financing with six transactions, respectively accounting for 9.7% and 8.3% 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 $6.07bn, while private equity and venture financing deals totalled $1.92bn and $99.46m respectively.

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

The top five construction & real estate industry deals accounted for 99% of the overall value during January 2021.

The combined value of the top five construction & real estate deals stood at $8.01bn, against the overall value of $8.09bn recorded for the month.

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

1) LafargeHolcim’s $3.4bn acquisition of Firestone Building ProductsLLC

2) The $2.64bn merger of Landcadia Holdings III and The Hillman Group

3) EQT Partners’ $1.87bn private equity deal with Exeter Property Group

4) The $50m private equity deal with Four Springs Capital Trust by Goldman Sachs Vintage Funds

5) Foundry Group, Greycroft Partners and Maveron’s venture financing with Caliza for $45m.

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.