Total power industry M&A deals in Q4 2019 worth $8.23bn were announced in the US, according to GlobalData’s deals database.
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The value marked an increase of 21.4% over the previous quarter and a drop of 24.3% when compared with the last four-quarter average of $10.86bn.
The US held a 23.4% share of the global power industry M&A deal value that totalled $35.09bn in Q4 2019.
In terms of deal activity, the US recorded 86 deals during Q4 2019, marking a drop of 3.4% over the previous quarter and a drop of 3.4% over the last four-quarter average.
The US power industry M&A deals in Q4 2019: Top deals
The top five power industry M&A deals accounted for 90.7% of the overall value during Q4 2019.
The combined value of the top five power M&A deals stood at $7.46bn, against the overall value of $8.23bn recorded for the month.
The top five power industry deals of Q4 2019 tracked by GlobalData were:
1) WESCO International’s $4.52bn acquisition of Anixter International
2) The $1.4bn acquisition of Cooper Lighting Solutions by Signify
3) Seaspan’s $750m acquisition of APR Energy
4) The $608m asset transaction with American Water WorksInc by Liberty Utilities
5) Clearway Energy’s asset transaction with Global Infrastructure Partners III for $184m.
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.