Power industry M&A deals in August 2020 total $201.86m in US

25 September 2020 (Last Updated September 25th, 2020 14:36)

Power industry M&A deals in August 2020 total $201.86m in US

Total power industry M&A deals in August 2020 worth $201.86m were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 98.1% over the previous month and a drop of 92.1% when compared with the last 12-month average of $2.55bn.

The US held an 8.1% share of the global power industry M&A deal value that totalled $2.48bn in August 2020.

In terms of deal activity, the US recorded 22 deals during August 2020, marking a decrease of 8.3% over the previous month and a drop of 12% over the 12-month average.

The US power industry M&A deals in August 2020: Top deals

The top five power industry M&A deals accounted for 100% of the overall value during August 2020.

The combined value of the top five power M&A deals stood at $201.86m, against the overall value of $201.86m recorded for the month.

The top five power industry deals of August 2020 tracked by GlobalData were:

1) Acadia Renewable Energy’s $129.86m asset transaction with BNRG Renewables

2) The $32.5m acquisition of Building Energy Holdings US by Eni New Energy US and Falck Renewables

3) The PeckHoldings, Inc’s $21m acquisition of Sunworks

4) The $10.5m asset transaction with Hudson Sustainable Investments by Altus Power America Management

5) Renesola’s asset transaction with for $8m.

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.