Morgan Stanley Tops Q1 Construction M&A with $23.7B and 48.6% Growth
Morgan Stanley led construction sector M&A advisers by deal value in Q1 2026, advising on $23.7 billion across six transactions, outpacing the next-ranked advisers by nearly $10 billion. Deal value jumped 48.6% year-over-year as five of the six were billion-dollar agreements, including a $10 billion-plus mega deal.
1. Q1 2026 Value Leadership
Morgan Stanley advised on $23.7 billion in construction sector M&A deals during Q1 2026, marking a 48.6% increase in deal value versus Q1 2025 and making it the only adviser to exceed $20 billion in that period.
2. Deal Composition and Volume Ranking
Of the six transactions advised by Morgan Stanley, five were valued over $1 billion each, including a mega transaction above $10 billion, while the firm ranked third in deal volume with six completed deals.
3. Peer Comparison in Deal Value
Eastdil Secured and Goldman Sachs each advised on $13.9 billion of construction M&A, Wells Fargo on $12.8 billion, and UBS on $6.3 billion, highlighting Morgan Stanley’s lead in high-value advisory mandates.