2025 AEC M&A Outlook Report
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Concerns & Challenges What keeps AEC leaders up at night isn’t just the financing. It’s the people. When asked to rank their biggest concerns about M&A, firms in the 2025 AEC M&A Outlook Survey overwhelmingly placed culture clashes and leadership integration at the top of the list—well ahead of worries like valuation, layoffs, or system migration. The data confirms that the human side of a deal is viewed as the most critical determinant of success. QUANTIFYING CULTURE Culture has become a measurable form of business risk. Nearly 58% of respondents to the 2025 AEC M&A Outlook Survey ranked cultural alignment as their single greatest concern in a potential transaction, compared to 19% who named financial risk and 12% who cited technology or operational integration as their top worry.
Rated Concerns Regarding Potential Acquisition
Source: 2025 AEC M&A Outlook Survey, Zweig Group and Stambaugh Ness
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