US construction & real estate industry saw a drop of 22.62% in overall deal activity during June 2022, when compared with the last 12-month average, led by CRH’s $1.9bn acquisition of Barrette Outdoor Living, according to GlobalData’s deals database.
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A total of 65 deals worth $3.4bn were announced in June 2022, compared with the 12-month average of 84 deals.
M&A was the leading category in the month in terms of volume with 51 deals, which accounted for 78.5% of all deals.
In second place was venture financing with eight deals, followed by private equity with six transactions, respectively accounting for 12.3% and 9.2% of overall deal activity in the US technology industry during the month.
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In terms of value of deals, M&A was the leading deal category in the US construction & real estate industry with total deals worth $3.24bn, followed by venture financing deals totalled $139.05m.
US construction & real estate industry deals in June 2022: Top deals
The top five construction & real estate industry deals accounted for 97.5% of the overall value during June 2022.
The combined value of the top five construction & real estate deals stood at $3.29bn, against the overall value of $3.4bn recorded for the month.
The top five construction & real estate industry deals of June 2022 tracked by GlobalData were:
1) CRH $1.9bn acquisition deal with Barrette Outdoor Living
2) The $512m acquisition of Coastal Plywood by Boise Cascade
3) Primoris Services $470m acquisition deal with PLH Group
4) The $355.3m acquisition of Tulloch by EastGroup Properties
5) Basis Set Ventures,DST Global,FJ Labs,GGV Capital,MetaProp Ventures and Prysm Capital $53m venture financing deal with Ergeon