Core Insights - Goldman Sachs ranked first by deal value in the construction M&A sector, advising on transactions totaling $33.2 billion during the first three quarters of 2025 [1][2] - Houlihan Lokey led by deal volume, providing services on 12 transactions, improving its ranking from third position in Q1-Q3 2024 to the top position in Q1-Q3 2025 [1][3] Deal Value Analysis - The total value of deals advised by Goldman Sachs more than doubled quarter-on-quarter during Q1-Q3 2025, leading to an improvement in its ranking from fourth to first [2] - Eight of the ten deals advised by Goldman Sachs were billion-dollar deals, including a mega deal valued at over $10 billion, contributing to its significant increase in deal value [3] Competitor Rankings - JP Morgan secured the second spot in deal value, advising on $26.4 billion worth of transactions, followed by Bank of America with $24.4 billion, Jefferies with $21.6 billion, and Morgan Stanley with $20.2 billion [4] - In terms of volume, Jefferies and Lazard each completed 11 deals, while Goldman Sachs and JP Morgan advised on ten deals [4] Data Source and Methodology - GlobalData's league tables are based on real-time tracking of various reliable sources, with a dedicated team of analysts monitoring these sources for in-depth deal details [5]
Goldman Sachs, Houlihan Lokey lead construction M&A adviser rankings Q1-Q3 2025