Type:
Media
Customer type:
Real Estate and Construction
Engineering and construction merger and acquisition (M&A) activity in Q1 2021 exceeded $1.3 billion in disclosed transaction value across 165 deals in Canada and the US. US transactions accounted for 148 of these deals, representing the largest quarterly volume in the past four years. The largest transaction in the quarter was US based, and involved Leidos Holdings Inc.’s acquisition of Gibbs & Cox Inc. for $478 million. In the last 12 months,95% of acquirers have been strategic parties while 5% have been financial buyers. Strategic acquisitions continue to drive industry activity, as participants target expansion into new markets and mitigating skilled labour shortages.