Retail industry M&A deals in Q3 2020 total $6.23bn in US

16 November 2020 (Last Updated November 16th, 2020 17:43)

Retail industry M&A deals in Q3 2020 total $6.23bn in US

Total retail industry M&A deals in Q3 2020 worth $6.23bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 777.8% over the previous quarter and a rise of 3.8% when compared with the last four-quarter average of $6.01bn.

The US held a 29.3% share of the global retail industry M&A deal value that totalled $21.23bn in Q3 2020.

In terms of deal activity, the US recorded 68 deals during Q3 2020, marking a rise of 44.7% over the previous quarter and a drop of 9.3% over the last four-quarter average.

The US retail industry M&A deals in Q3 2020: Top deals

The top five retail industry M&A deals accounted for 97.2% of the overall value during Q3 2020.

The combined value of the top five retail M&A deals stood at $6.05bn, against the overall value of $6.23bn recorded for the month.

The top five retail industry deals of Q3 2020 tracked by GlobalData were:

1) Meritage Group’s $3bn acquisition of Les Schwab Tire Centers

2) The $1.75bn asset transaction with JC PenneyInc by Brookfield Property Group and Simon Property Group

3) Asbury Automotive Group’s $685m asset transaction with Park Place Motorcars

4) The $311m acquisition of Hudson Group by Dufry

5) Authentic Brands Group and Sparc Group’s asset transaction with Brooks Brothers Group for $305m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.