We’re back with our latest M&A monthly report for the North American M&A trend watchers!
In July, FirmoGraphs recorded a similar level of activity as in the previous month. We recorded 87 completed transactions related to the North American market in 10 different industries.Industrial services, engineered products and healthcare were the most active industries, with a total of 48 completed transactions in July.
As always, our focus is on those operationally-intensive industries that are of interest to our clients (utilities, manufacturing) rather than less asset-intensive markets (retail, banking).
FirmoGraphs recorded ten completed transactions in the utilities industry. The most significant transaction was NextEra Energy Transmission’s acquisition of Trans Bay Cable for $1 billion. Another significant transaction was NGL Energy Partners’ purchase of Mesquite Disposals for $892.5 million.
The month of July shows 11 completed transactions in the oil industry. Shell Offshore sold its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor Gulf of Mexico for $965 million. This was the industry's biggest transaction in the month of July.
With 16 completed transactions, the engineered products industry was one of the most active industries in July. Berry Global’s acquisition of RPC Group for $6.5 billion was by far the biggest transaction in the industry.
Healthcare was again one of the most active industries, with 16 completed transactions. Among others, Pfizer completed the acquisition of Array BioPharma in a transaction valued $11.4 billion, which was the biggest transaction in July.
As in the previous two months, there weren’t any billion dollars transactions in other industries in July. The biggest transactions were, a) $625 million worth acquisition of CEHI Acquisition Corporation by Harsco Corporation and b) $570 million worth acquisition of ArrMaz by Arkema.
Announced Future Deals
In addition to completed transactions, FirmoGraphs recorded more than 50 announced future deals. Some of those, are expected to be very significant after they’re completed and are listed below:
- Advent International acquiring Cobham for $5.0 billion;
- Cisco Systems acquiring Acacia Communications for $2.84 billion;
- $2.8 billion worth merger between Exact Sciences and Genomic Health.
FirmoGraphs watches North American industrial news and curates a normalized version of monthly merger and acquisition information. This way, you can leverage the Merger Mart along with others (such as Power, Water) to generate your own unique observations for the US industrial market.
Our favored BI solution, Qlik Sense™ Enterprise, makes mashing-up multiple data sets fun and easy. Our customers find new opportunities to grow revenue, and reduce risk, by combining the Merger Mart with their own proprietary CRM and market data.
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