Total power industry M&A deals worth $2.29bn were announced in the US in January 2021, with $1.6bn merger of ArcLight Clean Transition and Proterra being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 59.3% over the previous month of $5.62bn and a drop of 41.3% when compared with the last 12-month average of $3.9bn.
The US held a 35.67% share of the global power industry M&A deal value that totalled $6.42bn in January 2021.
In terms of M&A deal activity, the US recorded 36 deals during January 2021, marking a decrease of 23.40% over the previous month and a rise of 24.14% over the 12-month average.
US power industry M&A deals in January 2021: Top deals
The top five power industry M&A deals accounted for 94% of the overall value during January 2021.
The combined value of the top five power M&A deals stood at $2.16bn, against the overall value of $2.29bn recorded for the month.
The top five power industry M&A deals of January 2021 tracked by GlobalData were:
1) The $1.6bn merger of ArcLight Clean Transition and Proterra
2) The $220m acquisition of TerraSmart by Gibraltar Industries
3) Greencoat Capital’ $160m asset transaction with RWE.
4) The $119m asset transaction with C2 Energy Capital by EDP Renewables North America
5) Naturgy Energy Group’s acquisition of Hamel Renewables for $57m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.