North American Power Deals: Q1 2016 mergers & acquisitions report

April 2016

At a glance

Q1 2016 North American Power Deals

In this quarter’s analysis of merger and acquisition activity in the power and utilities industry, we saw a large increase in volume and value of deals greater than $50 million. Learn what drove the increase.

This report presents an analysis of North American merger and acquisition activity in the power and utilities industry.

Key trends this quarter

  • Total deal value reached $41.4 billion, compared to $11.5 billion in the previous quarter.

  • There were seven mega deals (deal value > $1 billion) this quarter, compared to two mega deals in the previous quarter. 

  • This quarter, we saw a large increase in volume and value of deals greater than $50 million, when compared to the previous quarter.

  • There were 22 deals greater than $50 million this quarter, compared to 12 the previous quarter and seven during the first quarter of 2015. 

  • Average deal size increased to $1.9 billion from $959 million in the previous quarter, up 96 percent.

  • 17 of the 22 transactions this quarter featured strategic buyers, accounting for 92 percent of deals by value, up from 86 percent of deals by value during the previous quarter.  

  • Corporate deals increased to 85 percent of deals by value, compared to 58 percent the previous quarter. 

  • There were five inbound deals this quarter accounting for 71 percent of deal value, up from three inbound deals in the previous quarter accounting for 15 percent of deal value. 

  • Renewable power deals accounted for 3 percent of deals by value, a decline from 8 percent of deals by value in the previous quarter.

Download previous Power Deals M&A reports