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FirmoGraphs North American Merger and Acquisition (M&A) Report, October 2019

By FirmoGraphs Staff

Dear Readers

Here’s our much awaited M&A report for the month of October. Please don't forget to share your feedback about this blog, in the form of your comments.

In October, FirmoGraphs recorded similar activity as in September, with 93 completed transactions related to the North American market in 14 different industries. 

Engineered products, with 20 completed transactions, was the most active industry in October, followed by Industrial Services and Utilities, having 18 deals each.

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).  

Merger Mart October 2019-1

Utilities

With 18 completed transactions, the utilities industry was the second most active industry last month. There were two significant transactions worth over a billion dollars. Ontario Power Generation acquired Cube Hydro Partners and Helix Partners in a deal worth more than $1.0 billion, while SJW Group and Connecticut Water Service completed their $1.1 billion worth merger. Pennsylvania American Water expanded its network with two acquisitions, while Greenbacker Renewable Energy Company acquired more than 30 MW of solar projects.

Oil Industry

The month of October shows five completed transactions in the oil industry. There wasn’t any significant transaction, but Shell and Marathon Petroleum continued with high activity on the market. This time they were both sellers.

Engineered Products

Once again, the engineered products industry was the most active with 20 completed transactions. By far, the largest one was Parker Hannifin’s acquisition of LORD Corporation for $3.675 billion.

Healthcare

In terms of the number of transactions, healthcare was not as active as in previous months. With 14 completed transactions, healthcare wasn’t even in the top three most active industries covered by FirmoGraphs. However, that doesn’t mean there was no excitement. Two of the three biggest transactions of October occurred in the healthcare industry. 3M acquired Acelity in a transaction worth $6.7 billion. Also, Dassault Systèmes acquired Medidata Solutions in a $5.8 billion worth deal.

Other industries

Among other transactions, three stand out. Merck KGaA completed the acquisition of Versum Materials for around $6.5 billion. In the industrial services area, J2 Acquisition Limited acquired APi Group for $2.9 billion, while C&J Energy Services and Keane Group merged into NexTier Oilfield Solutions in a transaction worth $1.8 billion.

Largest Transactions

Table

Announced Future Deals

In addition to completed transactions, FirmoGraphs recorded over 40 announced future deals. Some of those are expected to be very significant after they’re completed and are listed below: 

  1. Prologis’s acquisition of warehouses owner Liberty Property Trust for $12.6 billion;  
  2. Hess Midstream Partners $7.25 billion worth acquisition of Hess Infrastructure Partners; 
  3. $3.8 billion worth purchase of Anixter International by Clayton, Dubilier & Rice. 

Prologis continues the trend of acquiring warehouses and other logistics assets as a result of the expansion of e-commerce business all over the world.

Merger Jokes

M&A Cartoon

Laughter is the best medicine and we love to see our readers smile. So here are a couple of M & A jokes that will make you laugh.

1) The greatest merger of all time

It was announced today that YouTube, Facebook and Twitter will all be merging.

The new name will be YouTwitFace Laughing Emoji

2) Did you hear that Bridgestone, FedEx, and UPS are pushing for a merger?

They wanted to be re-branded as Tired and FedUp Laughing Emoji

Conclusion

Conclusion August-min

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.

Having a good understanding of customer M&A activities can be key to the health of your business. Click here to learn more.

Wish to learn more about applying BI to your approach in the North American merger and acquisition tracking in the US utility? Please click here.

Click below to download our e-Book on 5 Critical Actions for an insight-driven marketing using Business Intelligence. 

E-Book Cover - 5 Critical Actions

Disclaimer

None of the information we provide may be taken as legal advice. Please consult an attorney if you require a legal interpretation of this information. 

Any information contained on this website or within any attachments is offered without representation or warranty as to its accuracy or completeness and FirmoGraphs, LLC cannot be held responsible for loss or damage caused by errors, omission, misprints or your misinterpretation of such information. Seek competent professional advice prior to relying on or utilizing such information in any manner as any such use is at your own risk.

Tags: mergers, acquisitions, M&A, m&a activity, acquisition trends, m&a trends, merger and acquisition activity 2019