Quarterly Industry Update: Engineering & Construction - Q4 2020

Quarterly Industry Update: Engineering & Construction - Q4 2020

Synopsis
6 Minute Read

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.

Download PDF to view full report

Insights

  • Performance

    May 23, 2024

    Preparing Taxes 101: Claiming GST / HST

    Is your business able to claim the input tax credit on GST/HST? Discover who can make a claim, how to meet the conditions, and what expenses are eligible.

  • Progress

    May 22, 2024

    Is your family prepared for the unexpected?

    Is your family prepared for the unexpected? Learn how building a serious illness plan can provide continuity for your business and your family.

  • Confidence

    May 21, 2024

    How construction companies can overcome the pain points of an ERP implementation

    Implementing an ERP system in the construction industry offers plenty of benefits — but it’s not without its challenges.