Due to their earnings visibility, defensibility, and stable long-term demand, infrastructure and related outsourced services companies are experiencing strong M&A momentum despite broader market volatility. Investors are sharpening their focus on these appealing traits while aggressively pursuing high-quality businesses exemplifying them. 

Harris Williams has advised several marquee companies in the infrastructure space—including Osmose Utilities Services, AWP Safety, and Riggs Distler—and continues to see rising engagement across many attractive segments, such as renewables, utilities, telecom, environmental, roadway, and municipal water. 

Below, our senior professionals from our Energy, Power & Infrastructure Group, Business Services Group, and Industrials Group highlight three key areas gaining investor attention and Harris Williams client examples that showcase the highly sought-after traits investors should seek out.

An Emphasis on Critical Infrastructure

In today’s economic environment, investors are aggressively seeking opportunities to put capital to work in recession-resilient spaces and business models. Companies serving essential infrastructure end markets often feature several traits that resonate strongly with these investors, including earnings visibility, defensibility, and stable long-term demand.

Our senior professionals are seeing more interest across investor classes around critical infrastructure and outsourced services and note significant infrastructure fund interest in companies serving renewables, utilities, telecom, environmental, roadway, and municipal water end markets. Businesses in these segments will experience long-term uplift in engagement as the infrastructure bill rollout, decarbonization efforts, and energy transition continue to ramp up.

To discuss M&A opportunities throughout infrastructure and outsourced services in detail, please contact our senior professionals.

1. FERC and Oxford Economics Data