Power industry M&A deals in Q1 2019 total $5.29bn in US

4 June 2019 (Last Updated June 4th, 2019 06:30)

Power industry M&A deals in Q1 2019 total $5.29bn in US

Total power industry M&A deals in Q1 2019 worth $5.29bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 75.6% over the previous quarter and a drop of 66.5% when compared with the last four-quarter average of $15.77bn.

The US held a 28.7% share of the global power industry M&A deal value that totalled $18.46bn in Q1 2019.

In terms of deal activity, the US recorded 72 deals during Q1 2019, marking a decrease of 18% over the previous quarter and a drop of 17.2% over the last four-quarter average.

The US power industry M&A deals in Q1 2019: Top deals

The top five power industry M&A deals accounted for 73.7% of the overall value during Q1 2019.

The combined value of the top five power industry M&A deals stood at $3.9bn, against the overall value of $5.29bn recorded for the quarter. The top announced power industry M&A deal tracked by GlobalData in Q1 2019 was Enmax’s $1.3bn acquisition of Emera Maine.

In second place was the $1.06bn acquisition of Sempra Renewables by American Electric Power and in third place was Nextera Energy Partners’ $1.02bn asset transaction with NextEra Energy Resources.

The $270m acquisition of U.S. Water Services by Kurita Water Industries and Enel Green Power North America’s asset transaction with Enel Green Power North America Renewable Energy Partners for $256m held fourth and fifth positions, respectively.

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.