The pace of both domestic and global consolidation increased in 2011— reflecting greater overall confidence in the industry on the part of buyers and investors, according to Morrissey Goodale LLC. Morrissey Goodale tracked 171 domestic M&A deals, representing a 12.5% increase over 2010 and a return to levels not seen since 2007.
“We attribute this to continued confidence on the part of institutional investors and savvy buyers who see the industry fundamentals as stabilizing and the long-term trends as encouraging,” says Mike Cauley, principal consultant. “Specifically, they anticipate greater clarity around connecting massive domestic infrastructure development and rehabilitation needs with a public-private financing model.”
Given the continuing needs of baby-boomer owners to free up their investments in their firms, combined with the outlook for a continuing ultra-competitive environment for smaller firms, Morrissey Goodale anticipates the pace of domestic M&A activity in the industry to continue to rebound, yielding between 190 and 210 deals in 2012— an increase of between 11% and 23% over 2011. BD+C
Related Stories
Architects | Apr 4, 2017
Architect Howard Elkus dies at 78
Cofounder of Elkus Manfredi Architects, his career spanned five decades, and included a spectrum of major design projects.
Building Team | Apr 4, 2017
Dispelling five myths about post-occupancy evaluations
Many assume that post-occupancy (POE) is a clearly-defined term and concept, but the meaning of POE in practice remains wildly inconsistent.
Structural Materials | Apr 3, 2017
Best of structural steel construction: 4WTC, Fulton Center, Pterodactyl win AISC IDEAS2 Awards
The annual awards program, sponsored by the American Institute of Steel Construction, honors the best in structural steel design and construction.
Green | Mar 29, 2017
Copenhagen Zoo and BIG unveil yin yang-shaped panda habitat
The new habitat will sit between two existing buildings, including the Elephant House designed by Norman Foster.
Architects | Mar 28, 2017
A restroom for everyone
Restroom access affects everyone: people with medical needs or disabilities, caretakers, transgender people, parents with children of the opposite gender, and really anyone with issues or needs around privacy.
High-rise Construction | Mar 27, 2017
Density and tall buildings
CRTKL’s Maren Striker examines Europe’s desire to build upward.
Architects | Mar 9, 2017
Watch Frank Lloyd Wright and Buckminster Fuller discuss architecture in animated video shorts
Given more time, Wright wanted to rebuild the country and change the nation.
Architects | Mar 6, 2017
Demolished Frank Lloyd Wright buildings get new life with photorealistic renderings
Architect David Romero recreated the Larkin Administration Building and the Rose Pauson House with detailed, fully colored renderings.
Building Team | Mar 6, 2017
AEC firms: Your website is one of the most important things you'll build
Don’t believe it? You’d better take a look at the research.