Transaction Advisory

Transaction Realization
for Infrastructure & AEC

Senior-led advisory built specifically for mid-market AEC. We bring operating-level judgment and transaction discipline so value is realized, not just projected.

Our Services Meet the Team
$1T+ Federal Capital Cycle Multi-year deployment reshaping transportation, water, energy & industrial infrastructure
40% PE in AEC Transactions Institutional capital now a structural component of the sector
Private Highly Fragmented Market Majority of infrastructure services firms remain independently owned & regional
Sunbelt Reshoring Growth Corridors Disproportionate capital tied to demographic & industrial expansion
"To bring operating-level insight and transaction discipline to AEC mergers, acquisitions, and transitions — helping firms make better decisions and build to where the industry is heading."
The Infrastructure Ventures Transaction Advisory Team takes a technology-forward approach to the AEC industry of the future. We are purpose-built for infrastructure and AEC — not a generalist model. Our operator-grade judgment is grounded in real execution experience, with end-to-end accountability from pre-LOI through post-close.
The Team

Senior-Led. Operator-Informed.

Three founding principals with deep, complementary experience across infrastructure, AEC transactions, governance, and enterprise operations.

Steve Precourt
Steve Precourt
Founding Principal

A civil engineer and former Florida legislator with deep experience advising and leading complex transportation organizations, including navigating governance, risk, and operational transitions in highly regulated public-sector environments. He brings a practitioner's perspective to transaction advisory, with hands-on experience supporting infrastructure-focused organizations through consolidation, leadership change, and strategic realignment.

Matthew Valle
Matthew Valle
Founding Principal

An infrastructure innovator and advisor with extensive experience in M&A, roll-ups, and transaction strategy across the construction, materials, and infrastructure technology sectors. He previously led regional M&A efforts for CRH, one of the world's leading building materials companies.

Nicholas Nadeau
Nicholas Nadeau
Founding Principal

More than a decade in the infrastructure industry, undertaking wide-ranging roles in business development and operations, enterprise performance improvement, and project management in both Fortune 500 enterprises and startups. His breadth of experience bridges strategy and execution across the full deal lifecycle.

Advisory Focus

Buy-Side & Sell-Side Advisory

We engage on both sides of the transaction — bringing the same infrastructure-native judgment and execution discipline to owners, sponsors, and acquirers alike.

How IV Supports Buyers & Sponsors

  • Pre-LOI deal triage and integration feasibility assessment
  • Infrastructure-specific commercial and operational diligence
  • Leadership, governance, and incentive risk analysis
  • Independent reality checks for investment committees and boards
  • Early identification of integration debt and downside exposure

Integration Is the Product

  • Integration architecture designed before the deal closes
  • Clear decision rights, governance, and escalation paths
  • Day-1 through Day-180 execution planning
  • Early-warning indicators tied to value creation
  • Board-ready reporting focused on execution, not optics

How IV Supports Owners & Principals

  • Succession-driven readiness and transaction positioning
  • Honest assessment of value, risk, and market fit
  • Preparation for diligence beyond the financials
  • Alignment of personal goals with transaction structure
  • Protection against rushed or misaligned outcomes

Protecting the Next Chapter

  • Leadership continuity and key-person retention planning
  • Incentive structures that survive ownership transition
  • Cultural and operating-model compatibility assessment
  • Avoiding post-close regret and talent flight
  • Designing deals that work after the press release
Market Context

The Market Reality

AEC consolidation is structural, not cyclical. Succession pressure, private capital, and infrastructure funding are converging — creating a sustained window of transaction activity.

Sunbelt Is the Epicenter

Florida and Texas are the #1 and #2 M&A targets for AEC firms, overtaking California. Federal IIJA funding and population growth sustain deal flow.

Elevated Deal Volume

550–575 AEC deals annually. Private equity participation has jumped to ~40% of all transactions, up significantly from prior cycles.

Mid-Market Gap

Firms with 10–150 staff face succession, valuation, diligence, and integration risks without in-house expertise or appropriate advisory support.

Execution Risk Is the Real Risk

Integration risk is systematically mispriced or ignored. Execution risk — not valuation — determines long-term outcomes for acquirers and sellers alike.

The Problem

Why AEC Transactions Fail Quietly

Most deal failures don't announce themselves. Value erodes after close, out of sight — driven by people and execution, not price.

01

Succession, Not Strategy, Drives Deals

Aging founders lack internal successors or capital for buyouts — yet most advisors treat these as pure financial transactions rather than leadership transitions requiring shepherding.

02

Generic Advisors Miss AEC Risks

Backlog quality, licensed staff retention, project risk, technology adoption, and client concentration drive value in ways that generalist investment banks consistently underweight.

03

Integration Is Under-Resourced

Culture, systems, and operating models derail otherwise sound deals. Inadequate diligence and under-resourced integration are the primary causes of failed AEC transactions.

Core Services

How We Work

Five integrated service lines spanning strategy through post-close execution — end-to-end accountability, senior-led throughout.

01

Pre-LOI Deal Triage & Integration Feasibility

Leadership continuity and succession risk assessment. Synergy realism and integration debt analysis. Governance and operating model diagnostics. Delivers IC-level confidence and downside protection before capital is committed.

02

Transaction-Linked Commercial & Operational Diligence

Infrastructure-specific diligence covering backlog, utilization, staffing, licensing, and project risk. Organizational, incentive, and delivery stress-testing. Execution roadmaps tied directly to the deal thesis.

03

Integration Architecture & Execution Design

Day-1 through Day-180 organizational design. Clear decision rights, escalation paths, and accountability frameworks. KPI structures aligned to sponsor returns and value creation milestones.

04

Selective Oversight & Sponsor Reporting

Independent integration oversight with early-warning indicators. Board-ready reality reporting focused on execution outcomes — not optics. Structured accountability across the post-close period.

05

Technology Assessment & Sequencing

Stack assessment and technology sequencing as part of integration planning. No resale bias, no implementation conflict of interest. Technology as an enabler of the operating strategy — not the strategy itself.

Our Differentiation

Why Infrastructure Ventures

Purpose-built for infrastructure and AEC — not a generalist advisory model applied to a sector it doesn't understand.

Sector + Region Depth

Sunbelt AEC focus with prebuilt relationships across TX, FL, and regional PE networks. Regional nuance matters in AEC valuation and buyer fit.

Operator-Grade Judgment

Real execution experience — not financial engineering. We've led and fixed engineering organizations and know where value actually lives.

End-to-End Accountability

Pre-LOI through post-close. Strategy without execution creates risk; we hold accountability across the full transaction lifecycle.

Willing to Stop Bad Deals

Long-term trust over short-term fees. We reshape or stop transactions when risk is mispriced — including advising clients not to transact.

Engagement Model

Where and How We Engage

Selective, high-conviction transaction support. We work with a small number of clients at a time to maintain the quality and depth our model requires.

Who We Work With

Family offices, PE platforms, roll-ups, and strategic acquirers on the buy side. Founder-led and succession-driven firms on the sell side. Mid-sized engineering, environmental, architecture, and specialty construction firms.

How We Structure It

Retainer plus success-based economics aligned to outcomes. No resale or implementation bias. Senior-led throughout — not handed off to junior teams. Discreet, relationship-driven engagements with deep respect for legacy.

Our Geography

Sunbelt-first with a TX and FL beachhead, expanding nationally. Origination through FTBA, ACEC, AGC, ARTBA, PE networks, banker referrals, and family offices. Thought leadership as a credibility engine.

Ready to Navigate Your Next Transaction?

Whether you're evaluating an acquisition or preparing for a transition, we offer an initial conversation — no pressure, no templates, just judgment.

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