Houlihan Lokey Tops Construction M&A Volume With Nine Q1 2026 Deals

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Houlihan Lokey advised on nine construction-sector M&A transactions in Q1 2026, ranking first by deal count and improving from sixth in Q1 2025. The surge in activity underscores rising advisory momentum that could boost fee revenue and market share.

1. Volume Leadership

Houlihan Lokey led the construction M&A adviser rankings in Q1 2026 by deal volume, completing nine transactions. This performance marked a jump from sixth place in Q1 2025 and established HLI as the sector’s most active advisor by count.

2. Revenue and Market Implications

Higher transaction counts typically translate into increased advisory fees, suggesting a potential uplift in HLI’s quarterly revenue. Continued leadership in deal volume may also strengthen the firm’s market position and client relationships in the construction advisory space.

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