Total construction & real estate industry M&A deals worth $6.5bn were announced in North America in February 2022, led by Blackstone Real Estate Income Trust’s $5.8bn acquisition of Preferred Apartment Communities, according to GlobalData’s deals database.

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The value marked an increase of 57.3% over the previous month of $4.1bn and a rise of 6.1% when compared with the last 12-month average of $6.08bn.

North America held a 59.83% share of the global construction & real estate industry M&A deal value that totalled $10.78bn in February 2022. With a 59.46% share and deals worth $6.41bn, the US was the top country in North America’s M&A deal value across construction & real estate industry.

In terms of M&A deal activity, North America recorded 47 deals during February 2022, marking a decrease of 44.71% over the previous month and a drop of 22.95% over the 12-month average. The US recorded 44 deals during the month.

North America construction & real estate industry M&A deals in February 2022: Top deals

The top three construction & real estate industry M&A deals accounted for 99.6% of the overall value during February 2022.

The combined value of the top three construction & real estate deals stood at $6.43bn, against the overall value of $6.5bn recorded for the month.

The top three construction & real estate industry M&A deals of February 2022 tracked by GlobalData were:

1) Blackstone Real Estate Income Trust $5.8bn acquisition deal with Preferred Apartment Communities

2) The $593m acquisition of First Alert by Resideo Technologies

3) Resolute Forest Products $39.25m acquisition deal for 50% stake in Resolute-LP Engineered Wood Larouche and Resolute-LP Engineered Wood St-PrimePartnership