In May, we recorded 53 completed transactions related to the North American M&A market in seven different industries. With ten completed transactions, the healthcare industry was the most active once again!
As always, our focus is on those operationally-intensive industries that are of interest to our clients, like utilities and manufacturing.
Utilities
There were seven completed M&A deals in the utilities industry. Cable One’s acquisition of Hargray Communications was the largest one in a deal valued at $2.2 billion. Also, it should be noted that Avangrid Renewables and PNM Resources received another approval for their merger, this time from the Nuclear Regulatory Commission.
Oil Industry
FirmoGraphs recorded six completed deals in the oil and gas industry, including two huge deals. Pioneer Natural Resources completed the acquisition of Midland Basin assets of DoublePoint Energy for $6.2 billion. Chevron Corporation acquired Noble Midstream Partners in a deal worth $1.32 billion.
Engineered Products
Seven transactions were recorded in the engineered products industry. There weren't any large deals. However, AMETEK continued with its numerous acquisitions. AMETEK acquired NSI-MI Technologies for $230 million, which is AMETEK’s fifth completed acquisition in 2021.
Healthcare
The healthcare industry was the most active industry, with ten completed deals, with one standing out...Jazz Pharmaceuticals’ acquisition of GW Pharmaceuticals for $7.2 billion.
Other Industries
One additional transaction of note is a business combination between Lion Electric, a manufacturer of urban electric vehicles, and Northern Genesis Acquisition Corp in a deal worth $1.9 billion.
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Three Biggest Transactions in April by Deal Value |
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|
Acting organization |
Target Organization |
Industry |
Deal Value |
|
Jazz Pharmaceuticals Plc |
GW Pharmaceuticals PLC |
Healthcare |
$7,200,000,000 |
|
Pioneer Natural Resources Company |
DoublePoint Energy |
Oil/Gas/Pipeline/Refining/Marketing |
$6,200,000,000 |
|
Cable One, Inc |
Hargray Communications |
Telecommunication |
$2,200,000,000 |
Announced Future Deals
In addition to completed transactions, FirmoGraphs recorded over 30 announced future deals, including 12 multi-billion transactions. Among the announced deals, the most notable are:
- Kansas City Southern canceled the deal with Canadian Pacific Railway and announced a merger with Canadian National Railway worth $33.6 billion;
- A merger between Cabot Oil & Gas and Cimarex Energy valued at $17 billion;
- A business combination between Ginkgo Bioworks and Soaring Eagle Acquisition Corp. worth $15 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.