North America’s construction & real estate industry saw a rise of 17.46% in 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 74 construction & real estate industry deals worth $6.1bn were announced for the region in May 2021, against the 12-month average of 63 deals.
Of all the deal types, M&A saw most activity in May 2021 with 56 transactions, representing a 75.7% share for the region.
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By GlobalDataIn second place was private equity with nine deals, followed by venture financing deals with nine transactions, respectively capturing a 12.2% and 12.2% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in North America’s construction & real estate industry with $4.3bn, while private equity and venture financing deals totalled $1.62bn and $190.94m, respectively.
North America construction & real estate industry deals in May 2021: Top deals
The top five construction & real estate 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 of Design Space Modular Buildings by McGrath RentCorp
5) ACORE Capital’s private equity deal with AJ Capital Partners for $225m.
