Here’s our M&A report for the month of February. We’ll look forward to your feedback about this blog, in the form of your comments.
As the shortest month of the year, February had a lower level of activity than usual. FirmoGraphs recorded 52 completed transactions related to the North American market in 13 different industries.
The most active industry was the engineered products industry, with ten completed transactions. 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).
There were seven completed transactions in the utility industry last month. Two of those transactions related to renewable energy, two were related to water and wastewater, while T-Mobile and Sprint continued towards completion of their $26.0 billion worth merger.
Oil & Gas Industry
There were only two completed transactions in the oil industry in February, including one of the biggest deals of the month. PBF Holding Company purchased Shell's Martinez Refinery in California for $1.2 billion.
With ten completed transactions, this was the most active industry in February. The most significant deal was Atlas’ acquisition of APR Energy in a transaction valued at $750 million.
As usual, the healthcare industry was one of the most active industries, with nine completed transactions. The biggest one was Eli Lilly and Company’s acquisition of Dermira for $1.1 billion.
In other industries, one particular transaction stands out. Prologis completed the acquisition of Liberty Property Trust for $13.0 billion. This acquisition is just another logistics-related deal in recent months that is a result of the expanding needs of the e-commerce business.
Largest Transactions in January
Announced Future Deals
In addition to completed transactions, FirmoGraphs recorded over 30 announced future deals. Some of those are expected to be very significant after they’re concluded and are listed below:
- Alstom’s planned acquisition of Bombardier’s rail division for $6.7 billion;
- Eversource Energy’s $1.1 billion worth acquisition of NiSource’s Massachusetts natural gas assets of Columbia Gas;
M & A Humor
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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