US construction & real estate industry deal activity unplugged
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US construction & real estate industry sees a rise of 34.43% in deal activity in March 2021

29 Apr 2021

US construction & real estate industry saw a rise of 34.43% in overall deal activity during March 2021, when compared with the last 12-month average, led by Slate Asset Management’s $2.33bn private equity deal with Annaly Capital Management, according to GlobalData’s deals database.

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A total of 82 deals worth $6.98bn were announced in March 2021, compared with the 12-month average of 61 deals.

M&A was the leading category in the month in terms of volume with 53 deals, which accounted for 64.6% of all deals.

In second place was venture financing with 15 deals, followed by private equity with 14 transactions, respectively accounting for 18.3% and 17.1% 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 $4.22bn, while private equity and venture financing deals totalled $2.43bn and $328.91m respectively.

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

The top five construction & real estate industry deals accounted for 93.4% of the overall value during March 2021.

The combined value of the top five construction & real estate deals stood at $6.52bn, against the overall value of $6.98bn recorded for the month.

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

1) Slate Asset Management’s $2.33bn private equity deal with Annaly Capital Management

2) The $2.29bn acquisition of Columbia Property Trust by 8F Investment Partners, Arkhouse Partners and AS8888

3) The $1.28bn merger of BowX Acquisition and WeWork Companies

4) The $375m acquisition deal with StonePoint Materials by Arcosa

5) Fluidra’s acquisition of Custom Molded Products for $245m.

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.