The US construction & real estate industry saw a drop of 30.4% in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
A total of 48 deals worth $505.11m were announced in December 2019, compared to the 12-month average of 69 deals.
M&A was the leading category in the month in terms of volume with 34 deals which accounted for 70.8% of all deals.
In second place was private equity with 11 deals, followed by venture financing with three transactions, respectively accounting for 22.9% and 6.3% of overall deal activity in the country's construction & real estate industry during the month.
In terms of value of deals, M&A was the leading deal category in the US construction & real estate industry with total deals worth $463.1m, while private equity and venture financing deals totalled $40.21m and $1.8m, respectively.
US construction & real estate industry deals in December 2019: Top deals
The top five construction & real estate industry deals accounted for 99.6% of the overall value during December 2019.
The combined value of the top five construction & real estate deals stood at $503m, against the overall value of $505.11m recorded for the month.
The top five construction & real estate industry deals of December 2019 tracked by GlobalData were:
1. Huntsman's $350m acquisition of Icynene-Lapolla
2. The $92m acquisition of NewSouth Window Solutions by PGT Innovations
3. Accomplice, Insight Partners, JLL Spark Global Venture Fund, Navitas Capital and Pritzker Group Venture Capital's $34.2m venture financing of HqO
4. The $20.8m asset transaction with CBL & Associates Properties by Horizon Group Properties
5. Halogen Ventures, Link Ventures, LLLP, Luma Launch, Rest Seed Fund, Techstars Ventures and Western Technology Investment's venture financing of Trust & Will for $6m.
Related Stories
Market Data | Aug 4, 2020
7 must reads for the AEC industry today: August 4, 2020
Construction spending decreases for fourth consecutive month and 100% affordable housing development breaks ground in Mountain View.
Market Data | Aug 3, 2020
Construction spending decreases for fourth consecutive month in June
Association officials warn further contraction is likely unless federal government enacts prompt, major investment in infrastructure as state and local governments face deficits.
Market Data | Aug 3, 2020
6 must reads for the AEC industry today: August 3, 2020
The future is a number game for retail and restaurants and 5 reasons universities are renovating student housing.
Market Data | Jul 31, 2020
5 must reads for the AEC industry today: July 31, 2020
Vegas's newest resort and casino is packed with contactless technology and Mariott, Hilton, and IHG dominate the U.S. hotel construction pipeline.
Market Data | Jul 30, 2020
Marriott, Hilton, and IHG continue to dominate the U.S. hotel construction pipeline at Q2’20 close
Hilton’s Home2 Suites and IHG’s Holiday Inn Express continue to be the most prominent brands in the U.S. pipeline.
Market Data | Jul 30, 2020
7 must reads for the AEC industry today: July 30, 2020
Millennium Tower finally has a fix and construction costs decrease for the first time in 10 years.
Market Data | Jul 29, 2020
62% of metros shed construction jobs from June 2019 to June 2020 as Association calls for new infrastructure funding, other relief steps
New York City and Brockton-Bridgewater-Easton, Mass. have worst 12-month losses, while Austin and Walla Walla, Wash. top job gainers.
Market Data | Jul 29, 2020
6 must reads for the AEC industry today: July 29, 2020
The world's first net-zero airport and California utility adopts climate emergency declaration.
Market Data | Jul 28, 2020
For the fourth consecutive quarter, Los Angeles leads the U.S. hotel construction pipeline at the close of Q2’ 20
New York City continues to have the greatest number of projects under construction, with 106 projects/18,354 rooms.
Market Data | Jul 28, 2020
6 must reads for the AEC industry today: July 28, 2020
St. Petersburg Pier reconstruction completes and post-pandemic workplace design will not be the same for all.
