North America’s power industry saw a rise of 1.69% in deal activity during July 2022, when compared with the last 12-month average, led by MasTec’s $1.1bn acquisition of Infrastructure and Energy Alternatives, according to GlobalData’s deals database.
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A total of 60 power industry deals worth $4.7bn were announced for the region in July 2022, against the 12-month average of 59 deals.
Of all the deal types, M&A saw most activity in July 2022 with 27 transactions, representing a 45% share for the region.
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By GlobalDataIn second place was venture financing with 21 deals, followed by private equity deals with 12 transactions, respectively capturing a 35% and 20% share of the overall deal activity for the month.
In terms of value of deals, private equity was the leading category in North America’s power industry with $3.15bn, while M&A and venture financing deals totalled $1.15bn and $424.35m, respectively.
North America power industry deals in July 2022: Top deals
The top five power deals accounted for 77.2% of the overall value during July 2022.
The combined value of the top five power deals stood at $3.64bn, against the overall value of $4.7bn recorded for the month.
The top five power industry deals of July 2022 tracked by GlobalData were:
1) MasTec $1.1bn acquisition deal with Infrastructure and Energy Alternatives
2) The $894m private equity of Midland Cogeneration VenturePartnership by Capital Power and Manulife Infrastructure Fund II
3) BlackRock Real Assets $700m private equity deal with Vanguard Renewables
4) The $500m private equity of Budderfly by Partners Group
5) Global Emerging Markets $450m private equity deal with Energy Exploration Technologies
