Total financial services industry M&A deals worth $1.3bn were announced in North America in June 2021, led by Allstate’s $300m acquisition of SafeAuto Insurance, according to GlobalData’s deals database.
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The value marked a decrease of 34.8% over the previous month of $2.04bn and a drop of 65.6% when compared with the last 12-month average of $3.87bn.
North America held an 18.97% share of the global financial services industry M&A deal value that totalled $7.01bn in June 2021. With a 15.55% share and deals worth $1.09bn, the US was the top country in North America’s M&A deal value across financial services industry.
In terms of M&A deal activity, North America recorded 76 deals during June 2021, marking a decrease of 1.30% over the previous month and a drop of 1.30% over the 12-month average. The US recorded 67 deals during the month.
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By GlobalDataNorth America financial services industry M&A deals in June 2021: Top deals
The top five financial services industry M&A deals accounted for 76.8% of the overall value during June 2021.
The combined value of the top five financial services deals stood at $1.02bn, against the overall value of $1.3bn recorded for the month.
The top five financial services industry M&A deals of June 2021 tracked by GlobalData were:
1) Allstate’s $300m acquisition of SafeAuto Insurance
2) The $225.46m acquisition of Mosaic Capital by 2356340 Alberta
3) Nicolet National Bank’s $219m acquisition of County Bancorp
4) The $146.3m acquisition of Landmark Community Bank by Simmons First National
5) Simmons First National’s acquisition of Triumph Bancshares for $131.6m.
