Here's our latest M&A monthly report covering North American Mergers & Acquisitions.
In June, FirmoGraphs recorded a slightly higher level of activity than in the previous month. We recorded 84 completed transactions related to the North American market in 13 different industries.
The healthcare industry followed by the engineering products industry, went back to top in terms of transaction count.
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 eight completed transactions in the utilities industry. Capital Power Corporation bought Goreway Power Station Holdings Inc. (an 875 megawatt (MW) natural gas combined cycle generation facility) from JERA and Toyota Tsusho Corporation for $387 million.
It is also worth mentioning that California American Water acquired Rio Plaza Water Company in Ventura County. For FirmoGraphs Water Mart users, note that the Rio Plaza Water Company Safe Drinking Water EPA ID is CA5610010, and the system serves a population of less than 2000 people. Illinois American Water also acquired the Alton Regional Wastewater System which serves customers in Alton and nearby communities of Bethalto and Godfrey.
The month of June shows nine completed transactions in the oil industry. The biggest one being the $8.7 billion worth acquisition of Petroleo Brasileiro’s gas pipeline system TAG, by a group led by France’s Engie SA and Canada’s CDPQ.
It’s worth noting that Occidental and Anadarko’s huge deal has been approved by the U.S. Federal Trade Commission and is expected to close in the second half of the year.
There were no significant mergers and acquisitions in the mining industry in the month of June.
With 19 completed transactions, the engineered products industry was the second most active industry in June. The most significant transaction was the $6.8 billion worth merger between Amcor and Bemis. Also, ON Semiconductor Corporation bought Quantenna Communications for $936 million.
Healthcare regained its spot as the most active industry, in June, with 23 completed transactions. The largest deal was $4.1 billion acquisition of Healthscope by Brookfield Business Partners. Also worth mentioning is PHC Holdings’ purchase of Thermo Fisher Scientific’s Anatomical Pathology Business for approximately $1.14 billion.
As in May, there weren’t any billion dollars transactions in other industries in June. The most significant transaction was Broadview Holding’s $840 million worth acquisition of Formica Group.
Announced Future Deals
In addition to completed transactions, FirmoGraphs recorded almost 50 announced future deals. Some of those, are expected to be very significant after they’re completed and are listed below:
- $121 billion worth merger between United Technologies and Raytheon;
- AbbVie’s $63.0 billion worth acquisition of Allergan;
- Blackstone’s acquisition of $18.7 billion worth logistics assets from GLP.
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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