Sectors trending up

Business services

The Construction sector was the stand out growth sector of 2022, with deals surging from 11 to 22 (100%) notwithstanding overall market reductions. Nearly half of all construction deals were Engineering Services, supporting Queensland’s infrastructure of tomorrow. In addition we saw PE interest in the insurance building segment through CPE Capital’s investment in Pitchers’ client, Ambrose Building.

Business services saw a slight increase on the previous year's deals with 27 deals transacted in 2022. The largest deal in this sector in 2022 was Palladium Holdings’ $403m sale to American engineering group Global Infrastructure Solutions Inc. (GIBI). The child care sub sector was also active with Crescent Capital Partners acquiring a 50% stake in Green Leaves Early Learning ($140m). Other deals were primarily focused in Training Services and Staffing Solutions.