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 | Sep 5, 2023
Nonresidential construction spending increased 0.1% in July 2023
National nonresidential construction spending grew 0.1% in July, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.08 trillion and is up 16.5% year over year.
Giants 400 | Aug 31, 2023
Top 35 Engineering Architecture Firms for 2023
Jacobs, AECOM, Alfa Tech, Burns & McDonnell, and Ramboll top the rankings of the nation's largest engineering architecture (EA) firms for nonresidential buildings and multifamily buildings work, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Aug 22, 2023
Top 115 Architecture Engineering Firms for 2023
Stantec, HDR, Page, HOK, and Arcadis North America top the rankings of the nation's largest architecture engineering (AE) firms for nonresidential building and multifamily housing work, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Aug 22, 2023
2023 Giants 400 Report: Ranking the nation's largest architecture, engineering, and construction firms
A record 552 AEC firms submitted data for BD+C's 2023 Giants 400 Report. The final report includes 137 rankings across 25 building sectors and specialty categories.
Giants 400 | Aug 22, 2023
Top 175 Architecture Firms for 2023
Gensler, HKS, Perkins&Will, Corgan, and Perkins Eastman top the rankings of the nation's largest architecture firms for nonresidential building and multifamily housing work, as reported in Building Design+Construction's 2023 Giants 400 Report.
Apartments | Aug 22, 2023
Key takeaways from RCLCO's 2023 apartment renter preferences study
Gregg Logan, Managing Director of real estate consulting firm RCLCO, reveals the highlights of RCLCO's new research study, “2023 Rental Consumer Preferences Report.” Logan speaks with BD+C's Robert Cassidy.
Market Data | Aug 18, 2023
Construction soldiers on, despite rising materials and labor costs
Quarterly analyses from Skanska, Mortenson, and Gordian show nonresidential building still subject to materials and labor volatility, and regional disparities.
Apartments | Aug 14, 2023
Yardi Matrix updates near-term multifamily supply forecast
The multifamily housing supply could increase by up to nearly 7% by the end of 2023, states the latest Multifamily Supply Forecast from Yardi Matrix.
Hotel Facilities | Aug 2, 2023
Top 5 markets for hotel construction
According to the United States Construction Pipeline Trend Report by Lodging Econometrics (LE) for Q2 2023, the five markets with the largest hotel construction pipelines are Dallas with a record-high 184 projects/21,501 rooms, Atlanta with 141 projects/17,993 rooms, Phoenix with 119 projects/16,107 rooms, Nashville with 116 projects/15,346 rooms, and Los Angeles with 112 projects/17,797 rooms.
Market Data | Aug 1, 2023
Nonresidential construction spending increases slightly in June
National nonresidential construction spending increased 0.1% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. Spending is up 18% over the past 12 months. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.07 trillion in June.
