In this edition of the 2023 Infrastructure M&A Year in Review, our team covers highlights from what the major companies in the infrastructure industry achieved over 2023, as well as insight into how they see 2024 developing, and an overview of recent M&A activity and trends. It also includes valuation and trading statistics for major players in the industry, as well as notable Infrastructure transactions from 2023 and early 2024.

In summary:

• Infrastructure M&A transactions have decreased from 75 in 2020 to 53 in 2023
• Buyers have favored industry segments with long-term secular tailwinds, such as highway and roadway repairs and services.
• 2023 deal volume relative to the last three years has been low due to rising borrowing costs and inflation.

Click here to read the full industry report. 

If you or someone you know has questions about the infrastructure industry, please feel free to reach out to Gene Bazemore, Managing Director of our Industrials Practice.