The US construction & real estate industry saw a drop of 5.2% in overall deal activity during November 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 55 deals worth $13.26bn were announced in November 2020, compared to the 12-month average of 58 deals.
M&A was the leading category in the month in terms of volume with 40 deals which accounted for 72.7% of all deals.
In second place was private equity with 11 deals, followed by venture financing with four transactions, respectively accounting for 20% and 7.3% of overall deal activity in the country's construction & real estate industry during the month.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in the US construction & real estate industry with total deals worth $11.77bn, while private equity and venture financing deals totalled $1.48bn and $18.7m, respectively.
US construction & real estate industry deals in November 2020: Top deals
The top five construction & real estate industry deals accounted for 95.8% of the overall value during November 2020.
The combined value of the top five construction & real estate deals stood at $12.71bn, against the overall value of $13.26bn recorded for the month.
The top five construction & real estate industry deals of November 2020 tracked by GlobalData were:
1) The Home Depot's $9.1bn acquisition of HD Supply
2) The $1.38bn private equity deal with Foundation Building Materials by American Securities
3) Griffin Capital Essential Asset REIT's $1.2bn acquisition of Cole Office & Industrial REIT (CCIT II)
4) The $660m acquisition of Larson Manufacturing by Fortune Brands Home & Security
5) SmartStop Self Storage REIT's acquisition of Strategic Storage Trust IV for $370m.
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.