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Private Equity

Make informed investment decisions, create value in your holdings and scale existing platforms by leveraging our insights, relationships and operational expertise across the built environment.

Private Equity Consulting for the Built Environment 

Private equity deal activity in engineering and construction has exceeded $27 billion annually in recent years, driven by sector fragmentation, federal infrastructure investment, and long-term demand tailwinds including a 4–7-million-unit housing shortage and sustained growth in data center construction. FMI helps private equity firms capitalize on these opportunities with deep sector expertise built over more than 65 years serving the built environment. 

Our private equity consulting team specializes in thesis development, commercial and operational due diligence, post-acquisition value creation planning, and performance improvement implementation. With 75% of PE returns now driven by operational improvement rather than financial engineering, our sector-specific knowledge helps sponsors identify and execute the operational levers that create real value in portfolio companies. 

Whether you're evaluating an opportunity in engineering, field services, infrastructure, building products, or another niche area of the built environment, our dedicated team provides the industry knowledge and custom analysis to guide your decisions. Financial sponsors seeking to unlock value from their investments look to FMI for decades of sector expertise, proprietary industry relationships, and knowledge of operational best practices that general consultants cannot match. 

FMI private equity service model

Clients turn to us for highly customized commercial due diligence, operational assessments, value-creation plans, and sell-side market studies. We help private equity firms uncover areas of value and risk across the asset life cycle, from platform formation through add-on acquisition strategy to exit positioning. 

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Areas of Expertise

  • Infrastructure Services
  • Engineering
  • Building Products and Distribution
  • Industrial Services
  • Energy and Cleantech
  • HVAC Service
  • Construction Materials
  • Construction Technology
  • Utility Services
  • Specialty Trade Field Services
  • Building Services
  • Construction Equipment Fleet Management

Meet Our Team

Paul Giovannoni Partner Paul Giovannoni partners with private equity firms to help develop strategic insights into… Read More
Will Gruy Partner Will’s career at FMI focuses on corporate strategy and operational improvement with firms… Read More
William Barringer Principal William is a principal in FMI's strategy practice advising private equity clients through… Read More
Wylie McCarter Senior Consultant Wylie McCarter is a senior consultant in FMI's strategy practice, specializing in advising… Read More
Collin Eaddy Consultant Collin is a consultant in FMI’s strategy practice, specializing in advisory services for… Read More
RJ Mroz Associate Consultant As an associate consultant with FMI's private equity consulting team, RJ focuses on market… Read More
Will Simpson Associate Consultant Will Simpson is an associate consultant focusing on private equity consulting. At FMI, he works… Read More
Christian Zucco Associate Consultant As an associate consultant, Christian supports private equity clients across the built… Read More
Drew Eidemueller Associate Consultant Drew Eidemueller is an associate consultant focusing on private equity consulting. At FMI, he… Read More
Jie Garner Analyst As an analyst on the private equity consulting services team within FMI’s strategy… Read More
Oliver Sheikhli Analyst Oliver Sheikhli is an analyst with FMI's private equity consulting team. He focuses on… Read More
Beatriz Pérez Analyst Bea is an analyst with FMI’s private equity consulting team. In her role, she supports… Read More

Our Insights

Are you looking to invest in the built environment?

Contact our team of experts to discover how we can help your due diligence process.