Building on an already strong M&A market in 2017, the Canadian and U.S. E&C industry is on track to exceed nearly everyone’s expectations for deal activity in both transaction volume and value in 2018.
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2017 was a strong year for FMI Capital Advisors and the overall infrastructure services market. Engineering and construction markets have been growing and the M&A environment in the middle market has been very active with project and service pipelines at historically robust levels.
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In July, Quanta announced the acquisition of Stronghold for $548 million, expanding its capabilities into downstream markets. Stronghold offers turnaround and other downstream services, tank storage and other midstream services. The company specializes in high-pressure and high-reactor infrastructure services.
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