London, England (Sept. 16, 2019)—Total construction and real estate industry merger and acquisition (M&A) deals in Q2 2019 (worth $3.69 billion) were announced in the United States, according to GlobalData, a data and analytics company.
The value marked a decrease of 49.2% over the previous quarter and a drop of 81.1% when compared with the last four-quarter average of $19.49 billion.
The U.S. held a 13.3% share of the global construction and real estate industry M&A deal value that totaled $27.83 billion in Q2 2019.
In terms of deal activity, the U.S. recorded 147 deals during Q2 2019, marking a drop of 15.5% over the previous quarter and a drop of 8.1% over the last four-quarter average.
The U.S. Q2 2019 Top M&A Deals
The top five construction and real estate industry M&A deals accounted for 99.9% of the overall value during Q2 2019.
The combined value of the top five construction and real estate industry M&A deals stood at $3.69 billion, against the overall value of $3.69 billion recorded for the quarter. The top announced construction and real estate industry M&A deal tracked by GlobalData in Q2 2019 was Park Hotels and Resorts’ $2.7 billion acquisition of Chesapeake Lodging Trust.
In second place was the $487 million asset transaction with by H.I.G. Realty Partners, and in third place was FirstService's $376.58 million acquisition of Global Restoration Holdings.
The $94 million asset transaction with CNL Healthcare Trust by Global Medical REIT and Full Season International's stake acquisition of Ministerium Capital for $29.39 million held fourth and fifth positions, respectively.
For more information, visit globaldata.com.
