Goldman Sachs Tops 2025 Construction M&A Rankings by Deal Value
Goldman Sachs led all advisers in 2025 construction-sector M&A by total deal value. The bank advised on multiple high-value transactions across infrastructure, engineering and building-materials segments, securing the top spot ahead of Morgan Stanley and JPMorgan.
1. Rankings Overview
Goldman Sachs captured the highest total deal value in construction M&A for 2025, returning to the sector lead after outpacing all other global advisers. Its cumulative transaction value exceeded that of its nearest competitors, reinforcing its advisory dominance in the space.
2. Deal Composition
The bank advised on a series of multimillion- and multibillion-dollar transactions spanning infrastructure projects, engineering firms and building-materials manufacturers. Several marquee deals topped $1 billion, underscoring the depth of its construction M&A pipeline.
3. Competitive Landscape
Morgan Stanley and JPMorgan ranked second and third respectively, trailing Goldman Sachs by a significant margin in total advisory volumes. Boutique and regional banks held smaller shares, highlighting GS’s scale advantage in large-ticket construction deals.
4. Implications for Advisory Business
Securing the top spot in 2025 construction M&A deal value bolsters Goldman Sachs’s advisory fee revenue and may reinforce client retention. The performance sets a strong benchmark for its 2026 advisory targets and market positioning.