Private Equity Sector Brief: Industrial Services
Industrial services across the four end segments of data centers, oil and gas, power generation and manufacturing, present a compelling investment opportunity, anchored by their mission-critical nature, recurring revenue streams and a highly fragmented competitive landscape. This fragmentation supports scalable, acquisition-led growth, with significant opportunities for value creation and operational efficiency.
In this brief we explore what makes this sector attractive to private equity investors, including:
- Aging industrial install base
- Local, regional companies ripe for consolidation
- Ability to create multi-trade platforms
Industrial services represents a stable and growing sector of the construction industry. The total U.S. market is estimated at $223 billion in 2025, and is projected to exceed $265 billion by 2029 at a 4.4% compound annual growth rate (CAGR). In 2025, maintenance, repair and overhaul (MRO) services are expected to represent $56.5 billion in annual spending, while new construction, renovation and retrofits account for $166.9 billion.
Download the report to learn more about the key growth drivers and competitive landscape that is making these attractive investments for private equity firms.
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