Total power industry M&A deals in April 2020 worth $697.6m were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 31.9% over the previous month and a drop of 74.2% when compared with the last 12-month average of $2.71bn.
The US held a 15.1% share of the global power industry M&A deal value that totalled $4.61bn in April 2020.
In terms of deal activity, the US recorded 21 deals during April 2020, marking a decrease of 19.2% over the previous month and a drop of 25% over the 12-month average.
The US power industry M&A deals in April 2020: Top deals
The top three power industry M&A deals accounted for 99.7% of the overall value during April 2020.
The combined value of the top three power M&A deals stood at $696m, against the overall value of $697.6m recorded for the month.
The top three power industry deals of April 2020 tracked by GlobalData were:
1) Southwest Generation Operating Company’s $680m asset transaction with Xcel Energy
2) The $13.75m asset transaction with UPPER POTTSGROVE, TOWNSHIP OF by Pennsylvania American Water
3) Illinois American Water’s $2.3m asset transaction with
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.
Visit our ‘Power Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the power industry.