Total metals & mining industry M&A deals in Q3 2019 worth $237.39m were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 80.6% over the previous quarter and a drop of 88.6% when compared with the last four-quarter average of $2.08bn.
The US held a 3.4% share of the global metals & mining industry M&A deal value that totalled $6.98bn in Q3 2019.
In terms of deal activity, the US recorded 38 deals during Q3 2019, marking a rise of 11.8% over the previous quarter and a flat growth over the last four-quarter average.
The US metals & mining industry M&A deals in Q3 2019: Top deals
The top five metals & mining industry M&A deals accounted for 95.5% of the overall value during Q3 2019.
The combined value of the top five metals & mining M&A deals stood at $226.76m, against the overall value of $237.39m recorded for the month.
The top five metals & mining industry deals of Q3 2019 tracked by GlobalData were:
1) Allison Transmission Holdings’ $103m asset transaction with C&R Tool and Engineering and Walker Die Casting
2) The $55.7m asset transaction with Cloud Peak Energy by Navajo Transitional Energy Company
3) Allegiance Coal’s $42.2m acquisition of New Elk CoalLLC
4) The $20.6m asset transaction with Blackjewel by Contura Energy
5) Platina Resources’ asset transaction with Blue Moon Zinc for $5.26m.
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.
Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.