Quarterly Industry Update: Engineering & Construction - Q4 2020
Engineering and construction merger and acquisition (M&A) activity in Q4 2020 exceeded $850 million in disclosed transaction value across 104 deals in Canada and the US. The largest transaction in the quarter was First Reserve Corporation’s acquisition of The Goldfield Corporation for $271 million. In the last 12 months, 90% of acquirers have been strategic parties while 10% have been financial sponsors. Although private equity firms still boast a strong cash position, many firms continue to focus on guiding current portfolio companies through the COVID-19 turmoil.
Engineering and construction merger and acquisition (M&A) activity in Q4 2020 exceeded $850 million in disclosed transaction value across 104 deals in Canada and the US. The largest transaction in the quarter was First Reserve Corporation’s acquisition of The Goldfield Corporation for $271 million. In the last 12 months, 90% of acquirers have been strategic parties while 10% have been financial sponsors. Although private equity firms still boast a strong cash position, many firms continue to focus on guiding current portfolio companies through the COVID-19 turmoil.
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