2025 AEC M&A Outlook Report

2025 AEC M&A Outlook Report

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SHIFT TOWARD ENVIRONMENTAL & INFRASTRUCTURE-FOCUSED ACTIVITY

Deal flow continues to concentrate around infrastructure and environ - mental markets, which reflects national priorities in water, transporta - tion, and energy systems. Environmental firms lead all sectors in 2025, followed closely by civil engineering and architecture. Activity among surveying, MEP, and energy/power firms remains steady, driven by ris - ing demand for climate resilience, geospatial insight, and energy transi- tion expertise. THE RISE OF PRIVATE EQUITY Private equity is now involved in about half of all AEC transactions, which is backed by yet another wave of new investments from different forms of capital. These investors have shifted from experimental market entrants to long-term operators, building regional and sector-focused platforms through serial acquisitions.

2025 Transaction Targets By Sector

Source: Zweig Group M&A Activity Report

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