Total power industry M&A deals in September 2019 worth $1.52bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 6.6% over the previous month and a drop of 60.5% when compared with the last 12-month average of $3.86bn.
The US held a 13.3% share of the global power industry M&A deal value that totalled $11.5bn in September 2019.
In terms of deal activity, the US recorded 30 deals during September 2019, marking an increase of 30.4% over the previous month and a drop of 3.5% over the 12-month average.
The US power industry M&A deals in September 2019: Top deals
The top three power industry M&A deals accounted for 61.8% of the overall value during September 2019.
The combined value of the top three power M&A deals stood at $0.94bn, against the overall value of $1.52bn recorded for the month.
The top three power industry deals of September 2019 tracked by GlobalData were:
1) The $338m asset transaction with Invenergy by WEC Energy Group
2) Quanta Services’ $330m acquisition of The Hallen Construction
3) The $276.5m asset transaction with DELAWARE COUNTY REGIONAL WATER QUALITY CONTROL AUTHORITY by Aqua America.
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.