Power industry M&A deals in Q2 2019 total $9.73bn in US

16 July 2019 (Last Updated July 16th, 2019 14:46)

Power industry M&A deals in Q2 2019 total $9.73bn in US

Total power industry M&A deals in Q2 2019 worth $9.73bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 83.9% over the previous quarter and a drop of 21.4% when compared with the last four-quarter average of $12.38bn.

The US held a 42.2% share of the global power industry M&A deal value that totalled $23.08bn in Q2 2019.

In terms of deal activity, the US recorded 91 deals during Q2 2019, marking a rise of 18.2% over the previous quarter and a rise of 4.6% over the last four-quarter average.

The US power industry M&A deals in Q2 2019: Top deals

The top five power industry M&A deals accounted for 83.6% of the overall value during Q2 2019.

The combined value of the top five power industry M&A deals stood at $8.13bn, against the overall value of $9.73bn recorded for the quarter. The top announced power industry M&A deal tracked by GlobalData in Q2 2019 was Waste Management’s $4.9bn acquisition of Advanced Disposal Services.

In second place was the $1.25bn asset transaction with Duke Energy Renewables by John Hancock Infrastructure Fund and John Hancock Life Insurance(U.S.A.) and in third place was Ontario Power Generation’s $1.12bn acquisition of Cube Hydro Partners.

The $460m asset transaction with Southern Power by Austin Energy and Advanced Energy Industries’ asset transaction with Artesyn Embedded Technologies for $400m held fourth and fifth positions, respectively.

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.