Engineering and Construction services sector landscape
M&A activity & aggregate deal value: Q2-19 – Q2-21
- Global aggregate M&A deal value for the Engineering & Construction sector increased to $14.9bn in Q2-21, up from $6.2bn in Q1-21, however, over the same period, M&A deal volume for the sector witnessed a slight decline of 2.9%
- In Q2-21, reported U.S. Engineering & Construction aggregate M&A deal value totaled $1.3bn, down from $2.0bn in Q1-21. Over the same period, Aggregate U.S. M&A deal volume decreased 2.2%
- The U.S. accounted for 34.1% of global Engineering & Construction M&A activity during Q2-21, slightly up from 33.8% in Q1-21
*In Q4-21, China Energy Engineering Corporation Limited (SEHK:3996) acquired a 57.16% stake of China Gezhouba Group Company Limited (SHSE:600068) for $18.6bn, which comprised 59.6% of global aggregate deal value for the Engineering & Construction sector during the quarter.
** In Q2-21, Brookfield Business Partners L.P. (NYSE:BBU) agreed to acquire Modulaire Group, for $5bn, representing 33.6% of global aggregate deal value for the Engineering & Construction sector during the quarter.
Engineering & Construction services public company sector overview
Sector |
LTM Trading Multiples | Description | |
---|---|---|---|
EV / Revenue |
EV / EBITDA |
||
Construction Contractors | 0.38x | 9.9x | Providers of construction and general contracting services |
Diversified Engineering & Construction | 1.16x | 14.2x | Professional services firms offering a range of engineering, construction, and construction management services |
Infrastructure Services | 0.88x | 11.4x | Civil and infrastructure construction and engineering services |
Specialty Engineering and Construction | 1.38x | 12.7x | Electrical, mechanical, industrial, and environment engineering and construction services |
Utility Services | 0.96x | 11.1x | Electric power, energy, and utility engineering and construction services |
Transportation & logistics services sector landscape
M&A activity & aggerate deal value: Q2-19 – Q2-21
- Aggregate global Transportation & Logistics sector M&A deal value totaled $68.6bn in Q2-21, up from $27.5bn in Q1-21
- Relative to the first quarter of 2021, global M&A deal volume increased 2.7% in the second quarter of 2021
- U.S. aggregate M&A deal value increased from $2.6bn in Q1-21 to $44.4bn in Q2-21, while U.S. M&A deal activity increased 2.8% over the same period
- In Q2-21, the U.S. accounted for 27.1% of global Transportation & Logistics M&A activity during Q2-21, which remained flat compared to Q1-21
*In Q2-21, Canadian National Railway Company acquired Kansas City Southern for $33.8bn, which comprised 76.1% of the U.S. aggregate deal value and 49.3% of global aggregate deal value for the Transportation & Logistics sector.
Transportation & Logistics Services public company sector overview
Sector |
LTM Trading Multiples | Description | |
---|---|---|---|
EV / Revenue |
EV / EBITDA |
||
Logistics providers | 1.55x | 13.8x | Third-party logistics providers offering warehouse management, order fulfillment, and shipment services |
Marine | 3.16x | 14.4x | Ocean and marine freight transportation and logistics services |
Rail and Rail Services | 6.38x | 16.0x | Rail-based freight transportation services |
Trucking | 2.06x | 9.4x | Companies offering truckload transportation services |