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.

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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