North America’s power industry saw a rise of 4.5% in overall deal activity during Q2 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 164 deals worth $18.13bn were announced for the region during Q2 2019, against the last four-quarter average of 157 deals.
Of all the deal types, M&A saw most activity in Q2 2019 with 105, representing a 64.02% share for the region.
In second place was venture financing with 41 deals, followed by private equity deals with 18 transactions, respectively capturing a 25% and 11% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading category in North America’s power industry with $12.7bn, while private equity and venture financing deals totalled $5.05bn and $383.62m, respectively.
North America power industry deals in Q2 2019: Top deals
The top five power deals accounted for 70.9% of the overall value during Q2 2019.
The combined value of the top five power deals stood at $12.86bn, against the overall value of $18.13bn recorded for the quarter. The top announced power deal tracked by GlobalData in Q2 2019 was Waste Management’s $4.9bn acquisition of Advanced Disposal Services.
In second place was the $4.3bn private equity deal with El Paso Electric by Infrastructure Investment Fund and in third place was Greystone Manager Investments and IST3 Investment foundation’s $1.29bn asset transaction with Canadian Utilities and Quanta Services.
The $1.25bn asset transaction with Duke Energy Renewables by John Hancock Infrastructure Fund and John Hancock Life Insurance(U.S.A.) and Ontario Power Generation’s acquisition of Cube Hydro Partners for $1.12bn 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.