This video highlights the mergers and acquisitions among the 2012 MEP Giants.
Mick Morrissey, Morrissey Goodale
Mick Morrissey, managing principal at Morrissey Goodale, reports on the mergers and acquisitions in the Consulting-Specifying Engineer 2012 MEP Giants. According to the full report, “Economic clouds put breaks on industry consolidation—for now”, the pace of merger and acquisition (M&A) activity among the leading providers of mechanical, electrical, plumbing (MEP), and fire protection engineering services slowed dramatically last year. In 2011, just 12 of the top firms were involved in a merger or acquisition. This was a dramatic departure from the frenzied pace in the prior 2 years when one-fifth of the industry leaders bought, sold, or merged.
Why have the Giants eased off the gas pedal with respect to deals? How has industry consolidation changed over the past year? Is this slowdown likely to continue? And what does it mean for you? Mick Morrissey provides details in this video.