In April, we recorded 57 completed transactions related to the North American M&A market in seven different industries. With 12 completed transactions, the healthcare industry was the most active.
As always, our focus is on those operationally-intensive industries that are of interest to our clients, like utilities and manufacturing.
Utilities
There were 11 completed M&A deals in the utilities industry. The largest one was the completed merger between Stem and Star Peak Energy Transition Corp valued at $1.35 billion. On the other hand, AVANGRID and PNM Resources received another approval for their $4.3 billion worth of merger.
Oil Industry
FirmoGraphs recorded nine completed deals in the oil and gas industry. The most significant transaction was the $6.4 billion worth merger between ARC Resources and Seven Generations Energy. We should also mention the acquisition of Golar LNG Partners by New Fortress Energy in a transaction valued at $1.9 billion.
Engineered Products
Only six transactions were recorded in the engineered products industry. However, this doesn’t mean that there weren’t big deals. The biggest one was AMETEK’s acquisition of Abaco Systems in a transaction valued at $1.35 billion.
Healthcare
The healthcare industry was the most active industry with 12 completed deals. Among them, three deals stand out. Servier purchased Agios Pharmaceuticals' commercial, clinical, and research-stage oncology portfolio for $2 billion. Amgen’s subsidiary merged with Five Prime Therapeutics in a deal worth $1.9 billion. And last but not least, Merck completed the acquisition of Pandion Therapeutics for $1.85 billion.
Other Industries
There were two completed transactions in the services industry worth mentioning. WSP Global acquired Enterra Holdings for $1.14 billion, while Autodesk acquired Innovyze Innovyze for $1 billion.
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Three Biggest Transactions in April by Deal Value |
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|
Acting organization |
Target Organization |
Industry |
Deal Value |
|
ARC Resources |
Seven Generations Energy |
Oil/Gas/Pipeline/Refining/Marketing |
$6,380,000,000 |
|
Servier |
Agios Pharmaceuticals |
Healthcare |
$2‚000,000,000 |
|
New Fortress Energy |
Golar LNG Partners |
Oil/Gas/Pipeline/Refining/Marketing |
$1,900,000,000 |
Announced Future Deals
In addition to completed transactions, FirmoGraphs recorded over 3 0 announced future deals, including 12 multi-billion transactions. Among the announced deals, the most notable are:
- Thermo Fisher Scientific’s acquisition of PPD worth $17.4 billion;
- Acquisition of 49% equity stake in Aramco Oil Pipelines Company by EIG Global Energy Partners for $12.4 billion;
- Standard Industries Holdings’ acquisition of W. R. Grace & Co for $7.0 billion.
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.