In July, we recorded 39 completed transactions related to the North American M&A market in nine different industries, similar to the previous month. With seven completed transactions, the electric power 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, all seven in the power segment. Two transactions stand out. Enel Green Power North America acquires a 3.2 GW solar development portfolio from Dakota Renewable Energy, while Ormat Technologies purchased TG Geothermal Portfolio for $171 million.
Oil Industry
FirmoGraphs recorded five completed deals in the oil and gas industry. The largest transaction was Kinder Morgan’s acquisition of Stagecoach Gas Services for $1.225 million. Besides completed deals, we should mention two major canceled transactions. Inter Pipeline canceled the deal with Pembina Pipeline Corp, worth almost $7.0 billion, and it is expected that Inter Pipeline will accept Brookfield Infrastructure’s offer. Also, Berkshire Hathaway Energy and Dominion Energy terminated the Questar Pipeline Group deal.
Engineered Products
Six transactions were recorded in the engineered products industry. The only deal that stands out is DuPont’s acquisition of Laird Performance Materials.
Healthcare
FirmoGraphs recorded six completed transactions in the healthcare industry. The largest one was Eli Lilly and Company’s acquisition of Protomer Technologies, worth over $1.0 billion.
Other Industries
Among other industries, there were a few huge deals in the chemical industry. In fact, the two largest completed transactions in June occurred in this industry. Goodyear acquired Cooper Tire & Rubber Company in a deal valued at $2.8 billion. On the other hand, Origin Materials and Artius Acquisition completed their $1.8 billion worth merger.
|
Acting organization |
Target Organization |
Industry |
Deal Value |
|
Kinder Morgan Inc |
Stagecoach Gas Services LLC |
Oil & Gas |
$1,225,000,000 |
|
Eli Lilly and Company |
Protomer Technologies |
Healthcare |
$1,000,000,000 |
|
Tourmaline Oil Corp. |
Black Swan Energy Ltd |
Oil & Gas |
$909,000,000 |
Announced Future Deals
In addition to completed transactions, FirmoGraphs recorded almost 40 announced future deals, including 13 billion-worth transactions. Among the announced deals, the most notable are:
- EQT’s planned acquisition of Parexel International Corp for $8.5 billion;
- EQT Infrastructure’s acquisition of Covanta Holding Corporation in a deal worth $5.3 billion;
- Platinum Equity’s acquisition of Solenis in a deal valued at $5.25 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.