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North American Merger and Acquisition Report, June 2021

By FirmoGraphs Staff
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In June, we recorded 36 completed transactions related to the North American M&A market in nine different industries, significantly lower than in previous months. However, more deals were announced than over the last two months. With ten 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 ten completed M&A deals in the utilities industry, all ten in the power segment. In total, more than 1,000 MW of capacity was transferred in June. The biggest transaction was Quattro Solar’s acquisition of PSEG’s 467 MW solar portfolio. Also, a significant acquisition was Starwood Energy Group Global’s purchase of 252 MW renewable assets from Consolidated Edison Development.

 

Oil Industry

FirmoGraphs recorded four completed deals in the oil and gas industry. The biggest transaction was Tamarack Valley Energy’s acquisition of Anegada Oil for $494 million.

 

Engineered Products 

Seven transactions were recorded in the engineered products industry. The largest deal was Hyundai’s acquisition of controlling interest in Boston Dynamics in a deal valued at $1.1 billion.

 

Healthcare

FirmoGraphs recorded only four completed transactions in the healthcare industry, with the largest being Charles River Laboratories’ purchase of Vigene Biosciences for $292.5 million.

 

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.

Three Biggest Transactions in June by Deal Value

Acting organization

Target Organization

Industry

Deal Value

Goodyear Tire & Rubber Co

Cooper Tire & Rubber Company

Chemical

$2,800,000,000

Origin Materials

Artius Acquisition, Inc

Chemical

$1,800,000,000

Hyundai Motor Group 

Boston Dynamics

Engineered Products

$1,100,000,000

 

Announced Future Deals

In addition to completed transactions, FirmoGraphs recorded over 40 announced future deals, including 19 billion transactions. Among the announced deals, the most notable are:

  • A merger between Independence Energy and Contango Oil & Gas Company worth $5.7 billion;
  • A business combination between Embark Trucks and Northern Genesis Acquisition Corp. II valued at $5.16 billion;
  • Civitas Resources’s acquisition of Crestone Peak Resources in a deal valued at $4.5 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.

Tags: mergers, acquisitions