1H 2023 Business Services M&A Report

The companies that build, fix, maintain, repair, and replace are seeing a boom in activity fueled by a unique combination of shifting work habits, government infrastructure investment, some rotten weather luck, and a depleted stock of available housing inventory. In business, bad things can lead to good things. The COVID-19 pandemic and supply chain related inflation led to a couple of government programs that are goosing demand for businesses that provide a variety of services in construction, infrastructure development, even the construction of a network of electric vehicle charging stations. Meanwhile, a spate of climate disasters – the $113 billion Hurricane Ian gut punch, wildfires, floods, and insane heat waves – uncorked federal disaster recovery funds to help people, businesses, and communities rebuild.