JP Morgan and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in construction sector for 2021 by value and volume, respectively. JP Morgan advised on 34 deals worth $141.9bn, which was the highest value among all the advisers. Meanwhile, Rothschild & Co led in volume terms having advised on 44 deals worth $24.4bn. A total of 4,261 M&A deals were announced in the sector during 2021, according to GlobalData, a leading data and analytics company.

According to GlobalData’s report, ‘Global and Construction M&A Report Financial Adviser League Tables 2021’, deal value for the sector increased by 61.5% from $335.7bn during 2020 to $542bn during 2021.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Both Rothschild & Co and JP Morgan are clear winners in terms of volume and value, respectively. While Rothschild & Co was the only firm to advise on more than 40 deals during 2021, JP Morgan was also much ahead of its peers by value terms – the only advisor with deal value exceeding $140bn. Meanwhile, JP Morgan also managed to occupy the third position by volume.”

Morgan Stanley occupied the second position in terms of value with 22 deals worth $113.3bn followed by Goldman Sachs with 26 deals worth $101.8bn, Bank of America with 20 deals worth $78.8bn and Citi with 20 deals worth $69.7bn.

Houlihan Lokey occupied the second position in terms of volume with 35 deals worth $13.5bn followed by JP Morgan and Goldman Sachs. KPMG occupied the fifth position by volume with 25 deals worth $4.4bn.