Total power industry M&A deals in May 2019 worth $1.16bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 84.4% over the previous month and a drop of 75.3% when compared with the last 12-month average of $4.69bn.
The US held a 19% share of the global power industry M&A deal value that totalled $6.1bn in May 2019.
In terms of deal activity, the US recorded 33 deals during May 2019, marking a decrease of 8.3% over the previous month and a rise of 10% over the 12-month average.
The US power industry M&A deals in May 2019: Top deals
The top five power industry M&A deals accounted for 96% of the overall value during May 2019.
The combined value of the top five power industry M&A deals stood at $1.11bn, against the overall value of $1.16bn recorded for the month. The top announced power industry M&A deal tracked by GlobalData in May 2019 was Advanced Energy Industries’ $400m asset transaction with Artesyn Embedded Technologies.
In second place was the $300m asset transaction with Stream Gas & Electric by NRG Energy and in third place was PNM’s $285m asset transaction with New Mexico Renewable Energy Transmission Authority and Pattern Energy Group 2.
The $81.8m acquisition of Avista Technologies and Avista Technologies (UK) by Kurita Water Industries and Public Service of Colorado’s asset transaction with Atlantic Power for $45.2m 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.
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.