Power industry M&A deals in December 2019 total $5.16bn in US

28 January 2020 (Last Updated January 28th, 2020 14:19)

Power industry M&A deals in December 2019 total $5.16bn in US

Total power industry M&A deals in December 2019 worth $5.16bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 258.6% over the previous month and a rise of 131.8% when compared with the last 12-month average of $2.23bn.

The US held a 32.1% share of the global power industry M&A deal value that totalled $16.09bn in December 2019.

In terms of deal activity, the US recorded 31 deals during December 2019, marking an increase of 55% over the previous month and a rise of 6.9% over the 12-month average.

The US power industry M&A deals in December 2019: Top deals

The top five power industry M&A deals accounted for 96.2% of the overall value during December 2019.

The combined value of the top five power M&A deals stood at $4.96bn, against the overall value of $5.16bn recorded for the month.

The top five power industry deals of December 2019 tracked by GlobalData were:

1) WESCO International’s $4.52bn acquisition of Anixter International

2) The $184m asset transaction with Global Infrastructure Partners III by Clearway Energy

3) SDCL Energy Efficiency Income Trust’s $110m acquisition of Primary Energy Recycling

4) The $100m asset transaction with Marina Energy by DTE Energy Services

5) Aqua Pennsylvania’s asset transaction with CHELTENHAM TOWNSHIP for $50.25m.

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.