North America’s construction & real estate industry saw a rise of 10.45% in deal activity during June 2021, when compared with the last 12-month average, led by Blackstone Real Estate Income Trust’s $6bn acquisition of Home Partners of America, according to GlobalData’s deals database.
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A total of 74 construction & real estate industry deals worth $10.7bn were announced for the region in June 2021, against the 12-month average of 67 deals.
Of all the deal types, M&A saw most activity in June 2021 with 59 transactions, representing a 79.7% share for the region.
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In second place was venture financing with 11 deals, followed by private equity deals with four transactions, respectively capturing a 14.9% and 5.4% 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 $10.35bn, followed by venture financing deals totalled $364m.
North America construction & real estate industry deals in June 2021: Top deals
The top five construction & real estate deals accounted for 95.9% of the overall value during June 2021.
The combined value of the top five construction & real estate deals stood at $10.27bn, against the overall value of $10.7bn recorded for the month.
The top five construction & real estate industry 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 deal with 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.