Total power industry M&A deals in Q1 2020 worth $7.73bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 5.4% over the previous quarter and a rise of 1.7% when compared with the last four-quarter average of $7.6bn.
The US held a 42.6% share of the global power industry M&A deal value that totalled $18.15bn in Q1 2020.
In terms of deal activity, the US recorded 74 deals during Q1 2020, marking a drop of 12.9% over the previous quarter and a drop of 15.9% over the last four-quarter average.
The US power industry M&A deals in Q1 2020: Top deals
The top five power industry M&A deals accounted for 91.3% of the overall value during Q1 2020.
The combined value of the top five power M&A deals stood at $7.06bn, against the overall value of $7.73bn recorded for the month.
The top five power industry deals of Q1 2020 tracked by GlobalData were:
1) WESCO International’s $4.52bn acquisition of Anixter International
2) The $1.3bn acquisition of TerraForm Power by Brookfield Renewable Partners
3) Air Products and Chemicals’ $530m asset transaction with PBF Energy
4) The $360m acquisition of Chanje Energy by J.Streicher Holdings
5) WEC Energy Group’s asset transaction with Invenergy for $345m.
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.