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North American Merger and Acquisition Report, September 2021

By FirmoGraphs Staff
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In September, we recorded 44 completed transactions related to the North American M&A market in 12 different industries, the same activity level as in the previous month. With nine completed transactions, industrial services were the most active industry.

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. The largest transaction was the acquisition of Cincinnati Bell by Macquarie Infrastructure Partners valued at $2.9 billion. Another huge deal was the completion of the first phase of the transaction between GIC and Duke Energy Indiana. GIC acquired 11.05% for $1.025 billion. 

 

Oil Industry

FirmoGraphs recorded eight completed deals in the oil and gas industry. The largest transaction was the completed merger between Archaea Energy and Aria Energy, valued at $1.15 billion.

 

Engineered Products 

Six transactions were recorded in the engineered products industry. However, none of the deals was worth highlighting.

 

Healthcare

FirmoGraphs recorded six completed transactions in the healthcare industry. The largest deal was Boston Scientific’s acquisition of Lumenis for $1.07 billion.

 

Other Industries

The largest deal in September occurred in the chemical industry. Standard Industries Holdings acquired W. R. Grace & Co in a deal valued at $7.0 billion.

Acting organization

Target Organization

Industry

Deal Value

Standard Industries Holdings

W. R. Grace & Co 

Chemical

$7,000,000,000

Macquarie Infrastructure Partners

Cincinnati Bell

Telecommunication

$2,900,000,000

Archaea Energy

Aria Energy

Oil and Gas

$1,150,000,000

 

Announced Future Deals

In addition to completed transactions, FirmoGraphs recorded almost 40 announced future deals. Among the announced deals, the most notable are:

  • Kansas City Southern’s acquisition by Canadian Pacific Railway in a $27.2 billion deal after Kansas City Southern terminated the agreement with Canadian National Railway. This is the second time that Kansas City Southern terminated the deal and changed the acquirer this year; 
  • Merck’s acquisition of Acceleron Pharma for $11.5 billion;
  • A merger between Agnico Eagle and Kirkland Lake Gold valued at $10.68 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