While a Canadian deal was the largest transaction this quarter, deal values and volumes both trended downward across North America in the third quarter of 2019. Looking at deal value, it was the lowest-value quarter since Q2 2017. Deal volume was the lowest since Q3 2017.
The quarter also had a notable absence of any mega deals. Renewable energy deals continued to be important, accounting for 50% of the quarterly deal volume and 19% of deal value. Looking ahead, renewable energy continues to be an important focus areas for both strategic and financial investors.
“Across North America, total deal value continued to shrink in the third quarter, as mega deals proved hard to find. Overall, while deal volumes fell, the volume of deals involving just assets held steady. This includes the quarter’s biggest deal: Ontario Power Generation’s $2.2-billion acquisition of three natural gas-fired power plants from TC Energy.”
Partner, National Industry Leader, Power and Utilities, PwC Canada
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National Energy, Utilities, Mining and Industrial Manufacturing & Automotive Consulting Leader, PwC Canada
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Partner, Tax, PwC Canada
Tel: +1 416 365 8831