Total power industry M&A deals worth $2.3bn were announced in North America in January 2021, led by $1.6bn merger of ArcLight Clean Transition and Proterra, according to GlobalData’s deals database.
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The value marked a decrease of 59.2% over the previous month of $5.64bn and a drop of 45.5% when compared with the last 12-month average of $4.22bn.
North America held a 35.83% share of the global power industry M&A deal value that totalled $6.42bn in January 2021. With a 35.67% share and deals worth $2.29bn, the US was the top country in North America’s M&A deal value across power industry.
In terms of M&A deal activity, North America recorded 42 deals during January 2021, marking a decrease of 17.65% over the previous month and a rise of 27.27% over the 12-month average. The US recorded 36 deals during the month.
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By GlobalDataNorth America power industry M&A deals in January 2021: Top deals
The top five power industry M&A deals accounted for 93.8% of the overall value during January 2021.
The combined value of the top five power deals stood at $2.16bn, against the overall value of $2.3bn recorded for the month.
The top five power industry M&A deals of January 2021 tracked by GlobalData were:
1) The $1.6bn merger of ArcLight Clean Transition and Proterra
2) The $220m acquisition of TerraSmart by Gibraltar Industries
3) Greencoat Capital’s $160m asset transaction with RWE
4) The $119m asset transaction with C2 Energy Capital by EDP Renewables North America
5) Naturgy Energy Group’s acquisition of Hamel Renewables for $57m.