Why Construction Owners Are Selling Now
Market conditions favor sellers, but timing matters
Record Buyer Capital
Private equity has $2.6 trillion in uninvested capital, and construction is a top target sector. Competition for quality companies is driving valuations to historic highs.
Infrastructure Boom
The $1.2 trillion Infrastructure Investment and Jobs Act is creating multi-year project pipelines. Buyers want exposure to this generational spending wave.
Aging Ownership
The average construction company owner is 58 years old. Many are ready to transition but lack clear succession plans. M&A offers a clean exit.
Labor Scarcity
With 390,000+ monthly job openings, buyers see M&A as talent acquisition. Your workforce may be your most valuable asset.
Who We Represent
Our buyer network actively pursues all contractor types
Specialty Trade Contractors
Very High DemandHVAC, electrical, plumbing, fire protection, and mechanical contractors command the highest multiples due to recurring revenue potential and skilled labor forces.
What Drives Your Company's Value
Premium Factors
Service contracts, maintenance agreements, and repeat customers demonstrate stability
9+ months of contracted work signals revenue visibility and market demand
Established surety relationships enable larger projects and attract strategic buyers
Strong project managers and estimators who will stay reduce key-person risk
No single customer exceeding 15% of revenue minimizes concentration risk
Low turnover and licensed technicians are increasingly valuable in tight labor markets
Discount Factors
If the business can't run without you, buyers see transition risk
Heavy reliance on one job type or customer creates volatility concerns
Inconsistent or below-market profit margins suggest pricing or execution issues
High EMR, OSHA violations, or weak safety culture are dealbreakers for many buyers
Our Active Buyer Network
We work with the buyers most active in construction M&A
Private Equity Platforms
PE firms building national specialty trade platforms through strategic roll-ups. They account for 73% of M&A growth in construction.
EBITDA $1-20M, specialty contractors, regional market leaders
Strategic Acquirers
Larger contractors expanding geographic footprint, service capabilities, or customer relationships through acquisition.
Complementary services, new markets, skilled workforce, customer contracts
International Buyers
Japanese homebuilders, European contractors, and international firms entering the U.S. market through acquisition.
Established operations, market presence, proven management teams
Family Offices
Long-term investors seeking stable, cash-flowing construction businesses with minimal deal drama.
Established companies, consistent profitability, reasonable growth expectations
Why Contractors Choose First Turn
Industry Experience
Our team understands construction: bonding, job costing, change orders, and the challenges of project-based revenue.
PE & Strategic Relationships
We maintain active relationships with the private equity firms and strategic buyers most aggressive in construction M&A.
Regional Focus
Deep expertise in Texas, Oklahoma, and the Central U.S., the most active construction markets in the country.
Owner-to-Owner Approach
We've been in your shoes. We understand what you've built and work to find buyers who will honor your legacy.
Questions We Hear From Contractors
What happens to my bonding relationships?
Buyers understand bonding is critical. We structure transitions to maintain surety confidence, either through the new owner's relationships or by preserving yours during transition.
Will my employees keep their jobs?
In construction M&A, buyers are often acquiring your workforce as much as your contracts. Retention of key people is typically a priority and can be structured into the deal.
How do I keep this confidential from competitors?
We use blind profiles, strict NDAs, and controlled information release. Competitors and customers don't learn about a sale until you're ready to tell them.
I don't have audited financials. Is that a problem?
Many contractors don't. Reviewed or compiled statements work for most buyers. We can help you prepare appropriate financial documentation during our process.
What if my backlog is currently low?
Backlog levels matter, but they're not everything. We help position your historical track record, customer relationships, and capacity to demonstrate your earning potential regardless of current backlog.
How long will this take?
Typically 6-12 months from engagement to close. We manage the process to minimize disruption to your ongoing operations.
Our Approach
Confidential Discussion
We learn about your business, your goals, and your timeline. No pressure, no obligation, just an honest conversation about your options.
Valuation & Market Analysis
We analyze your financials, backlog, and market position to determine where you fit in today's M&A landscape.
Buyer Identification
We identify and confidentially approach buyers who are the best fit, considering price, culture, and your priorities for employees and legacy.
Negotiation & Due Diligence
We manage the negotiation process and coordinate due diligence to minimize distraction from running your business.
Closing & Transition
We ensure a smooth close and work with you through the transition period to protect what you've built.
Primary Markets: Oklahoma City, Tulsa, Dallas-Fort Worth, Houston, Austin, San Antonio, Midland-Odessa
States Served: Texas, Oklahoma, New Mexico, Kansas, Arkansas, Colorado, Missouri, Louisiana