US power industry saw a rise of 5.66% in overall deal activity during July 2022, when compared with the last 12-month average, led by MasTec’s $1.1bn acquisition of Infrastructure and Energy Alternatives, according to GlobalData’s deals database.

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A total of 56 deals worth $4.7bn were announced in July 2022, compared with the 12-month average of 53 deals.

M&A was the leading category in the month in terms of volume with 24 deals, which accounted for 42.9% of all deals.

In second place was venture financing with 20 deals, followed by private equity with 12 transactions, respectively accounting for 35.7% and 21.4% of overall deal activity in the US technology industry during the month.

In terms of value of deals, private equity was the leading deal category in the US power industry with total deals worth $3.15bn, while M&A and venture financing deals totalled $1.15bn and $416.35m, respectively.

US power industry deals in July 2022: Top deals

The top five power industry deals accounted for 77.3% of the overall value during July 2022.

The combined value of the top five power deals stood at $3.64bn, against the overall value of $4.7bn recorded for the month.

The top five power industry deals of July 2022 tracked by GlobalData were:

1) MasTec $1.1bn acquisition deal with Infrastructure and Energy Alternatives

2) The $894m private equity of Midland Cogeneration VenturePartnership by Capital Power and Manulife Infrastructure Fund II

3) BlackRock Real Assets $700m private equity deal with Vanguard Renewables

4) The $500m private equity of Budderfly by Partners Group

5) Global Emerging Markets $450m private equity deal with Energy Exploration Technologies