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.
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.