INDUSTRY UPDATE | Q4 2024
Architecture, Engineering & Construction
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Service Areas
Architecture
- Design
- Planning
- Landscape
Engineering
- Transportation
- Infrastructure
- Utilities
- CI/CM
- MEP
- Design/Build
- Government
Construction
- General Contracting
- Infrastructure Svcs
- Electrical
- Concrete
- Mechanical
- Civil/Demolition
Sell-Side M&A Experience
Select Corporate Advisory Clients
Key Trends Impacting the AEC Sector
Key Tailwind: U.S. Government’s continued focus on major infrastructure design, construction, and repair under Trump’s Administration. At his confirmation hearings, before the Senate Commerce, Science and Transportation Committee, incoming Secretary of Transportation, Elect, Sean Duffy, indicated that his priorities will likely include:
- Enhancing infrastructure investment
- Promoting sustainable transportation solutions
- Improving safety across all modes of transport
Additionally, he indicated an emphasis on future innovation in transportation technologies such as smart infrastructure. Duffy stressed that transportation is “entering an extraordinary new era, making the need for efficiency improvements and innovative advances all the more critical.” Jim Tymon, executive director of the American Association of State Highway and Transportation Officials, a highly knowledgeable industry leader, expressed the organization’s “utmost support” for Duffy’s nomination as USDOT secretary in a letter to the committee.
“Based on President Trump’s polices in his first term and based on his more recent campaign promises, we can expect increased investment in oil exploration & drilling, nuclear power solutions, rail, aviation, water & wastewater, bridge & tunnel restoration and energy transmission projects, particularly those supporting AI and data centers. Congress has always favored investment in infrastructure and large sustainable projects as these projects create meaningful long-term employment, significantly benefit the communities in which they are located and are popular with the voters. It is unlikely, that despite the President’s slim margins in the House and Senate, that Republicans will have much difficulty receiving bipartisan support for infrastructure projects, which bodes well for the engineering and constructions sectors. Despite the pending changes in Washington, D.C., the AEC industry is poised to continue strong tailwinds for the foreseeable future with respect to project opportunities but will have to manage the challenges of scarcity of talent, technological advancements, and increasing competition to enjoy continued success.”
– Charlie Maskell, Managing Partner
CCA AEC Sector Index Performance
Market Commentary
- Outperforming the S&P and the other sector indexes CCA tracks throughout 2024, the Construction Services sector continued to thrive through fourth quarter as new build and retrofit infrastructure projects remain a major focus in both the public and private markets.
- Diversified Industrials Services companies saw increased year-over-year growth in Q4 compared to Q3. This growth can be attributed to the continuation of strong tailwinds around utility projects supporting data centers, power generation, and power delivery.
- Engineering & Professional Services firms remain affected by unrelenting challenges relating to talent acquisition and higher staffing costs. Yet, the demand for creative and sustainable engineering solutions for various public and private projects supports a growing sense of optimism in Q1 2025.
CCA’s Investment Banking Team
- Client Success
- Employee Happiness
- Continuous Improvement
- Fiscal Responsibility
- Community Well-being
CCA’s Investment Banking team is a seasoned team dedicated to its clients’ outcomes. We have worked with dozens of companies in projects ranging from Sell-side Investment Banking, to Ownership Alternatives, to Valuations to Boards of Directors. CCA partners with its clients, shepherding them throughout the process, and supporting them to reach their goals.
Charlie Maskell
Managing Partner
Charlie leads the CCA teams dedicated in assisting businesses enhance shareholder value and position themselves to sell to a strategic buyer, recapitalize with a private equity investor transition through an internal transaction.
Tim Brasel
Managing Director
Martin O'Neill
Managing Director
CCA clients appreciate that Marty has walked a mile in their shoes, having spent 30 years as a business leader in companies of various industries and sizes before joining CCA as an advisor to middle market businesses.
Stuart Knott
Managing Director
Stuart recognizes that for most business owners, selling the company they have built is one of their most important life decisions. He brings a unique and valued perspective based on 20 years’ experience in the middle market.
Andy Spears
Vice President
Katie Kieran
Vice President
Katie has advised many middle market business owners on how to create value and optimize the outcome when they’re ready to sell, drawing on her strong analytics, strategic, and financial modeling skills.
Kevin Afriyie
Associate
Kevin’s proficiency in technical skills is evident as he conducts financial analyses and modeling, carries out industry research, and identifies potential investors, buyers, acquisition targets, and merger partners.
Aidan Olmstead
Senior Analyst
An expert in financial modeling, accounting, and business research, Aidan is responsible for preparing financial projections, business valuations, investment memoranda, and marketing materials for clients.
Miles Gally
Analyst
Miles supports our senior-level investment banking staff in preparing the financial projections and business valuations that are essential to a successful deal execution and a strong outcome.
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