Sector Report - Construction Services

Trends, valuations, and M&A Activity in 2025

Published

Nov. 25, 2025

Dear Construction & Infrastructure Enthusiasts,

We are pleased to present our REACH Construction Services Update 2025. The report provides a structured overview of trends, valuations, and M&A activity in the global construction and construction services sector, addressing the following topics in particular:

  • Key market drivers in the construction services sector
  • Current M&A trends and deal dynamics in 2025
  • Valuation situation and EBITDA multiples in international comparison
  • Significance of infrastructure, energy, and digitalization projects as growth drivers
  • Selected M&A transactions in Europe, North America, and Asia-Pacific

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REACH_Construction Services_Update 2025

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