2025 AEC M&A Outlook Report
20
nationwide or globally. The data suggest that regional expansion remains the dominant form of growth, rather than large-scale international diversification.
Firms Surveyed Breakdown (Number of Offices)
Source: 2025 AEC M&A Outlook Survey, Zweig Group and Stambaugh Ness
Firm Ownership & Governance Ownership across the surveyed firms remains largely private, but diversity is increasing as new capital shapes how firms grow and transition. Most firms remain closely held corporations or LLCs, while a growing share operate under ESOP or private equity- backed models.
Made with FlippingBook Annual report