USA Banner
  U.S. flag
              An official website of the United States government Here's how you knowOfficial US Government Icon
              **Official websites use .gov**A **.gov** website belongs to an official government organization in the United States.
            Secure Site Icon
              **Secure .gov websites use HTTPS**
                  A **lock** ( A locked padlock ) or **https://** means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. 
 U.S. Department of Transportation Icon United States Department of Transportation
 Search DOT
            Search
                    About FHWAFHWA Organization
                Headquarters Offices
                Field Offices
                Strategic Plan
                Business Opportunities
                Staff Directories
                Careers
                Highway History
                Contact UsProgramsAcquisition Management
                Civil Rights
                Federal Lands Highway
                Infrastructure
                Innovative Program Delivery
                Operations
                Planning, Environment, and Realty
                Policy
                Research, Development, and Technology
                Safety
                Browse by TopicsResourcesCore Highway Topics
                Federal Aid Essentials
                Automation
                Complete Streets
                Laws and Regulations
                Policy & Guidance Center
                Section 508
                Publications and Statistics
                Professional Development
                National Highway Institute
                Resource Center
                Accessibility Resource Library
                FHWA Research LibraryNewsroomPress Releases
                Speeches & Testimony
                Photos
                Videos
                Media ContactsMenu OFFICE OF RESEARCH, DEVELOPMENT, AND TECHNOLOGY AT THE TURNER-FAIRBANK HIGHWAY RESEARCH CENTER Home
                        Research


            
            In This Section
        Explore Research and Technology
                Research Resources Overview
                Public Roads Magazine
                Publications and Periodicals
                Multimedia
                Software/Apps Downloads
                Research Library
                
                Analysis of Material Source Mergers and Acquisitions on Project Delivery Quality and Costs
FHWA-HRT-22-081.pdf (2.46 MB)
      
  Publication Information
                  Publication Type:TechBrief
                  Publication Number:FHWA-HRT-22-081
              Abstract:Merger and acquisition (M&A) activity, particularly in the transportation materials and construction industry, is analyzed relatively infrequently. However, this activity can significantly affect project completion, market control, and pricing. In many cases, collaboration between firms with similar goals and corporate growth strategies in a healthy market motivate consolidations. Attempts to increase market share and efforts targeting wider market access may also be factors in M&A activity. Companies may engage in consolidation activity with other entities possessing complementary strengths and assets. They may also want to consolidate with other companies to increase the diversity of the product they can offer to the market.



M&A activity can potentially eliminate cost brackets, harm competition, create inequitable market control, or result in price increases. Any of these occurrences within the transportation materials and construction industry can alter bidding processes, consumer behaviors, and market attributes. The goal of this study was to investigate M&A activity and help transportation professionals become aware of how to identify consolidation activities and the influences these activities can have.





Recommended citation: Federal Highway Administration, Analysis of Material Source Mergers and Acquisitions on Project Delivery Quality and Costs
(Washington, DC: 2023) https://doi.org/10.21949/1521911
              Publishing Date:January 2023
              Posting Date:01/10/2023
                              Digital Object Identifier:https://doi.org/10.21949/1521911
              Author(s):Bittner,
    
          Jason
    
          (ORCID: 0000-0002-7920-8773)
              Silber,
    
          Hannah
    
          (ORCID: 0000-0003-0211-7934)
              Publishing Office:Office of Infrastructure Research and Development
                  FHWA Program(s):Research
              Infrastructure
              Operations
              AMRP Program(s):Construction and Project Management
              FHWA Activities:Data and Analysis
              Subject Area:Materials U.S. DEPARTMENT OF TRANSPORTATION

**Federal Highway Administration**

1200 NEW JERSEY AVENUE, SE

WASHINGTON, DC 20590

202-366-4000Subscribe to email updates
                    About
  

        
              About FHWA
                Careers
                Org Chart
                Staff Directories
                Work with UsPrograms
  

        
              Acquisition Management
                Civil Rights
                Federal Lands Highway
                Infrastructure
                Innovative Program Delivery
                Operations
                Planning, Environment, and Realty
                Policy
                Research, Development, and Technology
                SafetyPolicies, Rights, Legal
  

        
              About DOT
                Accessibility
                Budget and Performance
                Civil Rights
                FOIA
                Information Quality
                No FEAR Act
                Office of Inspector General
                Privacy Policy
                USA.gov
                Web Policies and Notices
                Web StandardsNews & Events
  

        
              Newsroom
                Press Releases
                Speeches & Testimony
                Media Contacts
                Connect with Us