A total of 35 Mergers & Acquisitions (M&A) deals (pending and completed) were announced in the Automotive of United States, in the last twelve months resulting in a total deal value of over $22,582.8 million. In the LTM period, September 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $6,474.3 million, resulting in an average deal value of $1,079.1 million during that month. On the other hand, the month of September 2021 was the most prolific in terms of deal volume, recording a total of 6 deals, resulting in an average deal value of $1,079.1 million during that month.
Of the 35 deals, the deal secured between Cummins Inc and Meritor Inc, was the largest M&A deal in the United States Automotive sector, which was valued at $3,700.0 million and was completed on February 22, 2022. The second-largest deal was between Asbury Automotive Group Inc and Larry H. Miller Dealerships; Total Care Auto, while the third-largest deal was between General Motors Co and GM Cruise LLC. The Asbury Automotive Group Inc-Larry H. Miller Dealerships; Total Care Auto deal and the General Motors Co-GM Cruise LLC deal were valued at $3,400.0 million and $2,100.0 million, respectively. The fourth-largest deal was between Unifrax I LLC-Lydall Inc valued at $1,300.0 million, whereas the deal between Sonic Automotive Inc-RFJ Auto Partners, Inc. valued at $950.2 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $11,450.2 million and accounted for nearly 50.70% of the total deals (by value) announced during the last twelve months.
United States of America
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