In March 2021, we recorded 54 completed transactions related to the North American M&A market in seven different industries. With 15 completed transactions, the engineered products 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.
Industry Updates
Utilities
There were six completed M&A deals in the utilities industry, all transactions in the renewables sector. However, the most important event was the update of the merger between AVANGRID and PNM Resources. AVANGRID settled with key shareholders in Texas, and this multi-billion merger is going in the right direction.
Oil Industry
FirmoGraphs recorded eight completed deals in the oil and gas industry, including three significant transactions. Cenovus Energy and Husky Energy completed their $2.9 billion deal. Diamondback Energy acquired QEP Resources for $2.2 billion. And last but not least, TC Energy Corporation and TC Pipelines completed their merger worth $1.68 billion.
Engineered Products
The engineered products industry was the most active, with 15 completed transactions. However, the most important events were the cancellations of two multi-billion dollar deals. Coherent terminated the transaction with Lumentum and accepted II-VI Incorporated’s offer, while the agreement between Applied Materials and Kokusai Electric was terminated because Applied didn’t receive all necessary approvals.
Healthcare
In total, 11 deals were completed in the healthcare industry. The most significant transaction was Horizon Therapeutics’ acquisition of Viela Bio for around $3.0 billion.
Three Largest Transactions in March by Deal Value
|
Acting Organization |
Target Organization |
Industry |
Deal Value |
|
Horizon Therapeutics Plc |
Viela Bio Inc |
Healthcare |
$3,050,000,000 |
|
Cenovus Energy Inc |
Husky Energy Inc |
Oil/Gas/Pipeline/Refining/Marketing |
$2,900,000,000 |
|
Diamondback Energy, Inc. |
QEP Resources |
Oil/Gas/Pipeline/Refining/Marketing |
$2,200,000,000 |
Announced Future Deals
In addition to the completed transactions, FirmoGraphs recorded over 50 announced future deals, including 19 multi-billion transactions. Among the announced deals, the most notable are:
- Rogers Communications’ acquisition of Shaw Communications worth $26.0 billion;
- Acquisition of Kansas City Southern by Canadian Pacific Railway for $25.0 billion;
- A merger between Rocket Lab USA and Vector Acquisition Corporation worth $4.1 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 or 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 schedule a marketing opportunity workshop to learn more about how our curated data can help you find new opportunities.