Following back-to-back years of record-setting levels of mergers and acquisitions (MA) in the architecture and engineering (A/E) industry, the number of transactions in the industry declined modestly in 2016. Morrissey Goodale tracked 347 A/E deals globally in 2016, down slightly from 352 deals in 2015, but still up from 341 deals in 2014 (see Figure 1). Consulting-Specifying Engineer's 2017 MEP Giants somewhat defied the trend and increased deal making in 2016, with 23 of the largest mechanical, electrical, plumbing (MEP), and fire protection firms reporting at least one acquisition. This represents an increase in the number of Giants involved in acquiring another firm over prior years. In 2015 and 2014, 21 of the Giants made at least one deal, while in 2013, only 16 of the Giants completed an acquisition.
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