| Service Offering
- Inspection
- Installation
- Maintenance
- Retrofit / Repair
| End Markets
- Commercial
- Industrial
- Infrastructure
- Residential
| Sample Sectors
- Electrical
- Elevator / Escalator
- Facilities Management
- Fire & Life Safety
- Glazing / Curtainwall
- Heavy Industrial
- Landscaping / Masonry
- Mechanical
- Millwright
- Energy / Utility Infrastructure
- Restoration / Remodeling
- Roofing / Siding
- Solar / Alternative Energy
- Structural Steel / Concrete
- Transportation Infrastructure
- Wall / Ceiling / Floor
Electrical system maintenance
Landscaping maintenance
HVAC maintenance and repair
| Vertical Overview
The labor services vertical includes general contractors as well as a variety of specialty labor service providers. Labor services firms span a wide spectrum of services, from facilities maintenance to specialty services such as fire & life safety maintenance and repair. Labor services firms serve all four end markets: residential, commercial, industrial, and infrastructure, although firms may specialize in only one or two end markets. Sectors within the labor services vertical that are related to new construction, such as general contractors, are correlated with the overall economy, while non-discretionary maintenance providers, such as those in elevator repair and maintenance, tend to be more insulated to economic cycles.
| M&A Trends
Within the labor services vertical, financial buyers focus on firms with high levels of recurring revenue via maintenance contracts and those with reduced exposure to bonding and percentage of completion accounting. Firms that have a focus on non-discretionary services are also more attractive to buyers. There is considerable strategic interest in the labor services vertical as well as many of the niches in this vertical have low levels of concentration prompting strategics to grow through acquisitions. There is also interest from strategic buyers in the design services vertical that are looking to create more comprehensive design-build capabilities.