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  1. Deals Analysis
November 30, 2021

North America’s oil & gas industry saw a drop of 22.22% in deal activity during October 2021

By Carmen

North America’s oil & gas industry saw a drop of 22.22% in deal activity during October 2021, when compared with the last 12-month average, led by Ecolab’s $3.7bn acquisition of Purolite, according to GlobalData’s deals database.

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A total of 42 oil & gas industry deals worth $12.5bn were announced for the region in October 2021, against the 12-month average of 54 deals.

Of all the deal types, M&A saw most activity in October 2021 with 30 transactions, representing a 71.4% share for the region.

In second place was venture financing with 11 deals, followed by private equity deals with one transactions, respectively capturing a 26.2% and 2.4% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s oil & gas industry with $12.44bn, while venture financing and private equity deals totalled $50.14m and $0m, respectively.

North America oil & gas industry deals in October 2021: Top deals

The top five oil & gas deals accounted for 93.3% of the overall value during October 2021.

The combined value of the top five oil & gas deals stood at $11.65bn, against the overall value of $12.5bn recorded for the month.

The top five oil & gas industry deals of October 2021 tracked by GlobalData were:

1) Ecolab $3.7bn acquisition deal with Purolite

2) The $3.4bn acquisition of 29.8% stake in Phillips 66 Partners by Phillips 66

3) Southwest Gas Holding $1.98bn acquisition deal with Dominion Energy Questar Pipeline

4) The $1.8bn acquisition of Oasis Midstream Partners by Crestwood Equity Partners

5) World Fuel Services $775m acquisition deal with Flyers Energy

Related Companies

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.

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