Total US metals & mining industry M&A deals in Q4 2018 worth $2.21bn were announced, according to GlobalData’s deals database.
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The value marked a decrease of 48.02% over the previous quarter and a drop of 29.6% when compared with the last four-quarter average of $3.22bn.
The United States held a 19.2% share of the global metals & mining industry M&A deal value that totalled $11.52bn in Q4 2018.
In terms of deal activity, the United States recorded 35 deals during Q4 2018, marking a drop of 14.6% over the previous quarter and a drop of 12.5% over the last four-quarter average.
US metals & mining industry M&A deals in Q4 2018: Top deals
The top five metals & mining industry M&A deals accounted for 80.8% of the overall value during Q4 2018.
The combined value of the top five metals & mining industry M&A deals stood at $1.78bn, against the overall value of $2.21bn recorded for the quarter. The top announced metals & mining industry M&A deal tracked by GlobalData in Q4 2018 was Pan American Silver’s $1.07bn acquisition of Tahoe Resources.
In second place was the $350m asset transaction with Arconic by Ta Chen International, and in third place was Arcosa’s $315m asset transaction with H.I.G. Capital.
The $28m asset transaction with American Stainless Tubing by ASTI Acquisition and Talon Nickel (USA)’s asset transaction with Kennecott Exploration for $22.5m held fourth and fifth positions, respectively.
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.
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.