Total construction & real estate industry M&A deals worth $10.4bn were announced in the US in June 2021, with Blackstone Real Estate Income Trust’s $6bn acquisition of Home Partners of America being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 140.7% over the previous month of $4.3bn and a rise of 315.7% when compared with the last 12-month average of $2.49bn.
The US held a 62.54% share of the global construction & real estate industry M&A deal value that totalled $16.55bn in June 2021.
In terms of M&A deal activity, the US recorded 55 deals during June 2021, marking an increase of 12.24% over the previous month and a rise of 34.15% over the 12-month average.
US construction & real estate industry M&A deals in June 2021: Top deals
The top five construction & real estate industry M&A deals accounted for 99.2% of the overall value during June 2021.
The combined value of the top five construction & real estate M&A deals stood at $10.27bn, against the overall value of $10.4bn recorded for the month.
The top five construction & real estate industry M&A deals of June 2021 tracked by GlobalData were:
1) Blackstone Real Estate Income Trust’s $6bn acquisition of Home Partners of America
2) The $2.3bn acquisition of New Senior Investment Group by Ventas
3) Vulcan Materials’ $1.29bn acquisition of U.S. Concrete.
4) The $375m acquisition of Hixson Lumber Sales by Doman Building Materials Group
5) Hardwoods Distribution’s acquisition of Novo Building Products for $303m.
