Industrial Services Update - Q1 2025
This article was originally published on chartercapitalpartners.com. Charter Capital’s M&A advisory team has since joined with KSM (Katz, Sapper & Miller) to become KSM Corporate Finance. The content has been republished here for informational purposes and reflects the views at the time of original publication.
Industrial services businesses are drawing major attention in the M&A market – especially as tariffs shake up manufacturing. In Q1, 110 deals closed across the sector, including several marquee environmental services transactions (Shamrock, Triumvirate, GFL’s Environmental Services business).
- Services seen as a “safe haven” amid macro uncertainty
- Premium assets are commanding top multiples and calling the shots on buyer selection
- Private equity remains aggressive, with 21 new platforms launched in Q1
With rate cuts on the horizon and macroeconomic tailwinds in place, we expect to see continued strong M&A activity in the near- to mid-term.
Where Ownership
Meets Opportunity
At KSM, you’re more than an employee, you’re a firm owner.