2025 AEC M&A Outlook Report
04
2025 Acquirers By Sector
Source: Zweig Group M&A Activity Report
LOCATION, LOCATION, LOCATION Dealmaking still follows national demographic and economic shifts, but AEC activity remains deeply local. Markets can look entirely different just 75 miles apart, and buyer interest often tracks where people, talent, and long-standing client ties are concentrated. The Southeast and Texas continue to lead in volume and growth, supported by population gains and infrastructure investment. The West Coast remains strong in water and environmental work, while the Midwest and Northeast lean on technical and regulatory expertise shaped by local conditions. Rising inbound interest from Canada, the UK, and Australia adds to momen- tum and reinforces confidence in the long-term value of the US infra - structure market.
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