A world leader in mid-market mergers and acquisitions since 1956.

Middle Market Pulse February 2015

[writeup] **Warning: Tag "br" was not closed and has been forced closed at the end of the p block
[writeup] **Warning: Tag "br" was not closed and has been forced closed at the end of the p block
[writeup] **Warning: Tag "br" was not closed and has been forced closed at the end of the p block
[writeup] **Warning: Tag "br" was not closed and has been forced closed at the end of the p block
[writeup] **Warning: Tag "br" was not closed and has been forced closed at the end of the p block
[writeup] **Warning: Problems were found**

This month’s issue of the monthly executive brief providing M&A market insight for C-level management and their professional advisors.



The North American construction industry is on the rise. Spending is at four-year high, and M&A activity is a healthy level.



The Census Bureau reports that construction spending in 2014 increased 5.4% from 2013, reaching its highest amount since 2011. There were gains in private industry spending, while public spending remained flat. See chart below for a broader 22-year comparison by CalculatedRisk. Looking forward, besides the uncertainty in oil and gas, private and public construction spending should continue to increase in 2015.



image: MMP%20Feb%202015_opt_0.png



In Q4, there were 80 reported transactions in the construction and engineering industry, with an average enterprise value of $144.9 million. Notable deals include Mattamy Homes’ acquisition of Wimprey Holdings and NCI Building Systems’ purchase of CENTRIA Corp.



As the North American construction industry reaches new highs in 2015, middle-market business should expect increased revenues and profits.



For more information contact:

Douglas Nix, CPA, CA | Vice Chairman CFA
905 845 4340 ext. 211

Tags: