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M&A activity within the manufacturing sector in North America fell in Q1 2020 to a five-year low in both volume and amount. The number of disclosed deals during the quarter dropped to 90 from 110 in the previous quarter, while total disclosed transaction value decreased from $72.8 billion to $35.2 billion.

Healthcare merger and acquisition (M&A) activity in the first quarter of 2020 exceeded $6.2 billion in disclosed transaction value across 460 deals in Canada and the US. Deal volume in the beginning of the quarter was trending positively, with a total of 196 active transactions in January (approximately 48% of total quarterly transactions).

AutoCanada had a $111 million transaction in March 2018, where they acquired a dealership group of eight locations in the US, making up the bulk of their deal activity in 2018.

Engineering & Construction merger and acquisition (M&A) activity in the first quarter of 2020 exceeded $490 million in disclosed transaction values across 109 deals in Canada and the US. The number of transactions in the quarter remained strong, however, smaller-sized deals contributed to a 44% decline in total transaction value when compared to the first quarter of 2019.

Protein Industries Canada announced its fifth approved project, investing in the development of a “novel approach to improving the value of fibrous coproducts from the pulse processing industry by transforming them into an organic micronutrient fertilizer”

M&A activity in the North American food and beverage industry declined in Q1 2020. Overall disclosed transaction volume decreased from 235 to 213 and total disclosed transaction value decreased from $10.3 billion to $9.3 billion from Q4 2019 to Q1 2020 respectively. Despite the decline in transaction value, average disclosed transaction value remained relatively unchanged, decreasing from $43.6 million in Q4 2019 to $43.5 million in Q1 2020.

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