Led by $3.4bn acquisition of Firestone Building ProductsLLC, the US construction & real estate industry saw a rise of 21.16% in overall deal activity during Q1 2021, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 229 deals worth $20.14bn were announced in Q1 2021, compared with the last four-quarter average of 189.00 deals.
M&A was the leading category in the quarter with 169 deals which accounted for 73.8% of all deals.
In second place was venture financing with 31 deals, followed by private equity with 29 transactions, respectively accounting for 13.5% and 12.7% of overall deal activity in the US construction & real estate industry during the quarter.
In terms of value of deals, M&A was the leading deal category in the US construction & real estate industry with total deals worth $13.51bn, while private equity and venture financing deals totalled $6.14bn and $491.21m, respectively.
US construction & real estate industry deals in Q1 2021: Top deals
The top five construction & real estate industry deals accounted for 62.7% of the overall value during Q1 2021.
The combined value of the top five construction & real estate deals stood at $12.63bn, against the overall value of $20.14bn recorded for the quarter.
The top five construction & real estate industry deals of Q1 2021 tracked by GlobalData were:
1) LafargeHolcim’s $3.4bn acquisition of Firestone Building ProductsLLC
2) The $2.74bn acquisition of Forterra by Quikrete Holdings
3) Slate Asset Management’s $2.33bn private equity deal with Annaly Capital Management
4) The $2.29bn acquisition deal with Columbia Property Trust by 8F Investment Partners, Arkhouse Partners and AS8888
5) EQT Partners’ private equity with Exeter Property Group for $1.87bn.
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.