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 | Jan 23, 2019
Architecture billings slow, but close 2018 with growing demand
AIA’s Architecture Billings Index (ABI) score for December was 50.4 compared to 54.7 in November.
Market Data | Jan 16, 2019
AIA 2019 Consensus Forecast: Nonresidential construction spending to rise 4.4%
The education, public safety, and office sectors will lead the growth areas this year, but AIA's Kermit Baker offers a cautious outlook for 2020.
Market Data | Dec 19, 2018
Brokers look forward to a commercial real estate market that mirrors 2018’s solid results
Respondents to a recent Transwestern poll expect flat to modest growth for rents and investment in offices, MOBs, and industrial buildings.
Market Data | Dec 19, 2018
When it comes to economic clout, New York will far outpace other U.S. metros for decades to come
But San Jose, Calif., is expected to have the best annual growth rate through 2035, according to Oxford Economics’ latest Global Cities report.
Market Data | Dec 19, 2018
Run of positive billings continues at architecture firms
November marked the fourteenth consecutive month of increasing demand for architectural firm services.
Market Data | Dec 5, 2018
ABC predicts construction sector will remain strong in 2019
Job growth, high backlog and healthy infrastructure investment all spell good news for the industry.
Market Data | Dec 4, 2018
Nonresidential spending rises modestly in October
Thirteen out of 16 subsectors are associated with year-over-year increases.
Market Data | Nov 20, 2018
Construction employment rises from October 2017 to October 2018 in 44 states and D.C.
Texas has biggest annual job increase while New Jersey continues losses; Iowa, Florida and California have largest one-month gains as Mississippi and Louisiana trail.
Market Data | Nov 15, 2018
Architecture firm billings continue to slow, but remain positive in October
Southern region reports decline in billings for the first time since June 2012.
Market Data | Nov 14, 2018
A new Joint Center report finds aging Americans less prepared to afford housing
The study foresees a significant segment of seniors struggling to buy or rent on their own or with other people.