The report below gives a good overview of the Spring 2024 M&A activity in the Engineering and Construction Industry Sector. The Engineering and Construction (E&C) industry exerts a profound impact on the environment, economy, and society. Notably, infrastructure development is responsible for a substantial 79% of total greenhouse gas emissions. Moreover, investments in infrastructure, aimed at ensuring the provision of essential services and shielding communities from the adverse effects of climate change, account for 88% of all climate adaptation costs. As a central hub for transformational dialogue, the E&C community brings together top executives to exchange ideas, share best practices, and explore cutting-edge insights. Members collaborate proactively to shape the future of the sector, drive innovation, and influence new policymaking. For the year ahead, the E&C industry has identified key strategic priorities, including attracting, and retaining talent, leveraging technology to build better, and innovating in operations and business models. FMI anticipates that engineering and construction spending will increase by 2% in 2024 compared to 2023. To thrive under these conditions and build resilient companies, firms in the built environment must adopt clear strategies, maintain top-tier operations, and have inspired leadership. In the U.S., total engineering and construction spending is projected to conclude 2023 with a 10% rise, a slight deceleration from the 12% growth seen in 2022. The highest growth segments included manufacturing, multifamily residential, lodging, sewage and waste disposal, water supply, and conservation and development. Additionally, sectors such as office, healthcare, educational, religious, public safety, amusement and recreation, transportation, power, and highway and street also experienced growth.
Posted by Peter Heydenrych.
Read the Entire Spring 2024 Engineering and Construction Report Here