Chapter Corner

Michael D. Clancy and Randal G. Stutzman

Industrial Contractor Trends for 2015

Over the next several years, the industrial construction sector in the U.S. is poised for a dramatic and welcome pattern of growth. Contractors who work in this sector are seeing several key trends that will significantly impact their operations. The emerging U.S. energy renaissance will certainly drive increased demand for services. Yet the ability of contractors to staff up to meet those demands is challenged by an overall lack of skilled tradespeople. Industry demographics indicate that many firms will be experiencing ownership transitions in the next decade; the attractiveness of this industry sector in the mergers & acquisitions (M&A) market may provide opportunities to facilitate these transitions.