The 2024 MEP Giants get a big paycheck this year
The 2024 MEP Giants firms increased revenue substantially
The 2024 MEP Giants generated $14.64 billion in mechanical, electrical, plumbing (MEP) and fire protection engineering design revenue, an increase over last year’s MEP Giants’ revenue of $11.96 billion. This year, the 2024 MEP Giants earned approximately $75.5 billion in gross annual revenue during the previous fiscal year, a jump of 12%.
MEP design revenue rose a whopping 22% over last year’s numbers. Figure 1 shows the various building specialties in which the 100 firms that make up the MEP Giants earned revenue.
Once again absent from the top 10 was AECOM, which has been on this list previously. There were also some newcomers to the total of 100 companies. Several companies either joined the list for the first time or returned after time away from reporting data (in alphabetical order): Barton Associates Inc., DLB Associates Consulting Engineers PC, Ewing Kessler, HPE Sustainable Data Center Modernization, Introba Inc., Kohrs Lonnemann Heil Engineers Inc., LEAF Engineers, LiRo-Hill, Page, Ramboll, Re:Build Optimation Technology LLC, Robert Derector Associates and SSOE Group.
The list this year comprises 59% private companies (up from 54% in 2023), 23% employee-owned companies, 8% public companies and 10% limited-liability companies. The 2024 MEP Giants are made up of consulting engineering firms (60%, down from 63% last year) and architectural engineering firms (31%, up slightly from last year).
Several mergers and acquisitions occurred in the past year; 25% of the firms reporting acquired another company, a slight dip from last year’s 26% acquisition rate (see the article “One-quarter of MEP Giants finalized a deal last year”).
Table 1 shows the top firms based on MEP design revenue, which is how the MEP Giants are ranked.
Visit www.csemag.com/giants for the full MEP Giants report in a downloadable format.
Do you have experience and expertise with the topics mentioned in this content? You should consider contributing to our WTWH Media editorial team and getting the recognition you and your company deserve. Click here to start this process.
