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La valeur totale des transactions a connu une légère baisse au cours du trimestre, s’établissant à 5,7 milliards de dollarsaméricains pour 85 transactions.

Oil sands producer Suncor Energy Inc. is partnering with utility Atco Ltd. on a "multibillion-dollar" project to produce more than 300,000 tonnes of hydrogen per year.

M&A activity in the North American dealership industry has returned to historical averages. 19 transactions have been disclosed in the first two quarters of 2021, which is on pace with the 43 transactions in 2020. However, the transaction value in 2021 will likely return to the 2018 and 2019 levels, noting a mega $2.8 billion transaction that drove the 2020 value up.

M&A activity in the North American food and beverage industry is robust with transaction values and volumes remaining at levels achieved prior the onset of the COVID-19 pandemic. Transaction volume slightly decreased from 222 deals in Q1 2021 to 207 deals in Q2 2021. Total transaction value in Q2 2021 remains healthy, however it fell from $11.6 billion in Q1 2021 to $9.2 billion in Q2 2021.

Aggregate deal value for the quarter decreased slightly to $5.7 billion, across 85 transactions. By comparison, Q12021 totalled $5.8 billion in deal value across 87 transactions, which was the highest quarterly mid-market deal volume in Canada since Q4 2017.

M&A activity in the North American agriculture industry has continued to rebound, with 116 total transactions in Q2 2021, the second highest total by volume in a quarter since Q3 2017, trailing only Q1 2021.

Engineering and construction merger and acquisition (M&A) activity in Q2 2021 exceeded $690 million in disclosed transaction value across 142 deals in Canada and the US. US transactions accounted for 135 of these deals, representing a decline of 8.8% from the previous quarter.

Healthcare merger and acquisition activity in the second quarter of 2021 exceeded $12.4 billion in disclosed transaction value across 645 deals in Canada and the US. The average deal size among disclosed transactions was $70.2 million, an increase from $57.5 million in the first quarter of 2021.

In Q2 2021, transaction volume and value in the North American manufacturing sector rose further compared to the previous quarter. Total disclosed transaction value increased 463% from $10.9 billion to $61.3 billion year-over-year (YoY), but still remained below the quarterly 5-year average of $87.2 billion.

Aggregate deal value for the quarter increased to $5.8 billion across 87 transactions, the highest mid-market deal volume in Canada since Q4 2017. By comparison, Q42020 totalled $4 billion in aggregate deal value across 66transactions. Equity market strength and low interest rates have supported M&A volume over the quarter. Increased activity suggests that investor sentiment is increasingly positive.