2025 AEC M&A Outlook Report
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A RICH MIX
Today’s AEC M&A market is defined by a rich mix of firm types, sizes, ages, ownership models, and geographic footprints—all contributing to a dynamic, resilient, and strategically motivated era of consolidation. More than anything, this activity reflects a growing focus on value creation. M&A has become an instrument of both strategic growth and wealth building—where invested capital in privately held AEC firms is expected to generate higher and more stable returns than many alternative assets. Rather than chasing scale for its own sake, today’s AEC firms are pursuing alignment—in culture, markets, and mission—reflecting a more disciplined, mature phase of the industry-wide M&A evolution.
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