Looking to the near future, we expect M&A activity to remain strong but likely to return to more regular levels in 2019 and beyond. In this year’s survey, nearly 60% of all respondents indicated that acquisitions were a part of their current strategy—down from 70% in last year’s survey.
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Looking back, 2018 was a “tale of two halves” for the construction materials (CM) sector both for performance and M&A activity.
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2017 was another active year for M&A activity in the engineering and construction industry. Based on our most recent survey, industry participants believe the momentum will continue into 2018.
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This year FMI started what we hope becomes an annual survey of large E&C firms to assess their appetite for acquisitions in the next year. Based on our survey, it appears that in addition to the number of sellers looking to transition ownership, many large firms view acquisitions as a key component to their current growth strategy.
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