Total power industry M&A deals in Q2 2020 worth $1.76bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 77.6% over the previous quarter and a drop of 78.7% when compared with the last four-quarter average of $8.26bn.
The US held an 11.2% share of the global power industry M&A deal value that totalled $15.72bn in Q2 2020.
In terms of deal activity, the US recorded 55 deals during Q2 2020, marking a drop of 27.6% over the previous quarter and a drop of 36.8% over the last four-quarter average.
The US power industry M&A deals in Q2 2020: Top deals
The top five power industry M&A deals accounted for 86.9% of the overall value during Q2 2020.
The combined value of the top five power M&A deals stood at $1.53bn, against the overall value of $1.76bn recorded for the month.
The top five power industry deals of Q2 2020 tracked by GlobalData were:
1) Southwest Generation Operating Company’s $680m asset transaction with Xcel Energy
2) The merger of Middle Tennessee Electric Membership and Murfreesboro Electric Department for $302m
3) SolRiver Capital’s $200m asset transaction of Solar Power Projects
4) The $175m asset transaction with Innogy by Enviva Partners
5) Enviva Partners’ $172m asset transaction of Enviva Pellets Greenwood Holdings Plant in US
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.