Engineering transactions soared to record levels in 2021. Confident strategic buyers and private equity firms aggressively acquired firms of all sizes and disciplines. Sellers, motivated by higher valuations, tax law changes and limited internal transition options, joined larger firms for exit strategy and professional legacy desires. As talent remains scarce and the benefits of the recent infrastructure bill come into view, what’s ahead for a consolidating industry going through massive realignment? Steve Gido breaks down current M&A trends and tactics and walks through typical sale processes and deal structures.