Engineering, where execution risk sets the price.
Advisory for industrial engineering, construction, EPC contractors, automation and capital projects.
We advise engineering and construction groups, EPC contractors and industrial automation businesses on sales, acquisitions, capital raising and restructuring. Backlog quality, contract risk allocation and bonding capacity drive value far more than revenue scale.
These are cyclical businesses with lumpy earnings, so the work is as much about presenting risk credibly as about presenting growth.
- Sell-side and buy-side M&A for engineering groups
- EPC contractor combinations and consolidation
- Industrial automation and technology acquisitions
- Backlog and contract portfolio valuation
- Capital raising for project execution
- Restructuring and balance-sheet advisory
We analyse the backlog contract by contract: margin at completion, change-order history, penalty and liquidated-damage exposure, and the working capital each project consumes.
Presenting that risk openly and early is what allows a buyer to underwrite the business at a fair multiple rather than discounting it for uncertainty.
- Family-owned engineering groups planning succession
- Contractors seeking scale, bonding capacity or capital
- Industrial groups divesting engineering divisions
- Companies restructuring after a project cycle downturn
Speak with a senior banker in confidence.