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North American Merger and Acquisition Report, February 2021

By FirmoGraphs Staff
Power Round Up December 2020 Power Lines Solar Power Panels

In February 2021, we recorded 62 completed transactions related to the North American M&A market in 13 different industries. The overall market activity was at a similar level as in January, but with fewer huge deals. With 13 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.

Top 5 Industries in February 2021

Utilities

There were four completed M&A deals in the utilities industry. However, the most important event was the update of the merger between AVANGRID and PNM Resources. PNM’s shareholders approved their multi-billion merger. 

Oil Industry

FirmoGraphs recorded seven completed deals in the oil and gas industry. The largest deal was the merger between Whitecap Resources and TORC Oil & Gas, worth $900 million.

Engineered Products 

In total, ten completed deals were recorded in the engineered products industry. The most significant one was Desktop Metal’s acquisition of EnvisionTEC for $300 million. 

Healthcare

As we mentioned, the healthcare industry was the most active one in February. There were two major deals. IFF merged with DuPont’s Nutrition & Biosciences Business in a deal worth more than $7.0 billion, while AdaptHealth acquired AeroCare Holdings for $1.1 billion.

Other Industries

Among other industries tracked by FirmoGraphs, one deal stands out. West Fraser completed the acquisition of Norbord for $3.05 billion.

 

Three Biggest Transactions in February, by Deal Value

Acting organization
Target Organization
Industry
Deal Value

IFF

DuPont’s Nutrition & Biosciences Business

Healthcare

$7,300,000,000

West Fraser Timber

Norbord Inc

Building Materials

$3,050,000,000

AdaptHealth Corp

AeroCare Holdings, Inc

Healthcare

$1,100,000,000

 

Announced Future Deals

In addition to completed transactions, FirmoGraphs recorded over 40 announced future deals, including ten multi-billion transactions. Among the announced deals, the most notable are:

  • Astra’s merger with Holicity in a deal worth $2.1 billion
  • A merger between Volta Industries and Tortoise Acquisition Corp II worth $2.0 billion
  • A merger between Xos and NextGen Acquisition Corp worth $2.0 billion

Conclusion

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.

Tags: mergers