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  1. Deals Analysis
February 21, 2021

Power industry M&A deals total $2.3bn in North America in January 2021

By Baghmar P

Total power industry M&A deals worth $2.3bn were announced in North America in January 2021, led by $1.6bn merger of ArcLight Clean Transition and Proterra, according to GlobalData’s deals database.

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The value marked a decrease of 59.2% over the previous month of $5.64bn and a drop of 45.5% when compared with the last 12-month average of $4.22bn.

North America held a 35.83% share of the global power industry M&A deal value that totalled $6.42bn in January 2021. With a 35.67% share and deals worth $2.29bn, the US was the top country in North America’s M&A deal value across power industry.

In terms of M&A deal activity, North America recorded 42 deals during January 2021, marking a decrease of 17.65% over the previous month and a rise of 27.27% over the 12-month average. The US recorded 36 deals during the month.

North America power industry M&A deals in January 2021: Top deals

The top five power industry M&A deals accounted for 93.8% of the overall value during January 2021.

The combined value of the top five power deals stood at $2.16bn, against the overall value of $2.3bn 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’s $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.

Related Companies

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.

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