Quarterly Industry Update: Engineering & Construction - Q4 2020

February 23, 2021

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

  • Progress
    Two people look over papers with graphs and charts, one holds a fountain pen in his hand

    MNP Presents: B.C. Business Owners Series - Exploring the Benefits of Employee Share Ownership and Profit-sharing Plans

    Exploring the benefits of employee share ownership and profit-sharing plans. Create sustainable and transferable business value while delivering the best possible benefit to employees.

  • Progress
    2 workers at a construction site

    Your Construction Company and Employee Share Options

    MNP poses a few questions and offers a few tips to see if an employee share option plan will work for you and your construction company.

  • Confidence

    Professional services: Professional lifecycle

    Learn how MNP advisors can help you and your practice.