Power industry M&A deals in Q3 2019 total $7.13bn in US

28 November 2019 (Last Updated November 28th, 2019 13:25)

Power industry M&A deals in Q3 2019 total $7.13bn in US

Total power industry M&A deals in Q3 2019 worth $7.13bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 24.4% over the previous quarter and a drop of 40.4% when compared with the last four-quarter average of $11.97bn.

The US held a 29.4% share of the global power industry M&A deal value that totalled $24.26bn in Q3 2019.

In terms of deal activity, the US recorded 87 deals during Q3 2019, marking a drop of 8.4% over the previous quarter and a drop of 4.4% over the last four-quarter average.

The US power industry M&A deals in Q3 2019: Top deals

The top five power industry M&A deals accounted for 77.5% of the overall value during Q3 2019.

The combined value of the top five power M&A deals stood at $5.53bn, against the overall value of $7.13bn recorded for the month.

The top five power industry deals of Q3 2019 tracked by GlobalData were:

1) Public Serviceof Oklahoma and Southwestern Electric Power’s $2bn asset transaction with Invenergy

2) The $1.25bn asset transaction with Veolia Energy North America Holdings by Antin Infrastructure Partners

3) Advanced Drainage Systems’ $1.08bn acquisition of Infiltrator Water Technologies

4) The $720m asset transaction with AltaGas by TerraForm Power

5) Vistra Energy’s acquisition of Ambit Energy Holdings for $475m.

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.