High voltage tower with sunset Dowell/Getty Images A wave of grid modernization and clean energy construction saw Europe account for most of the biggest PE deals in the global construction and engineering sector in the first three months of this year.
According to PitchBook’s Q1 2026 Construction & Engineering Report, Europe accounted for seven of the 10 largest deals globally in the quarter
Both deal count and deal value in Europe increased year-over-year in Q1, PitchBook data shows. Deal count hit a Q1 record at 157, rising 33% from last year, while deal value rose 62% YoY to €9.18 billion (about $10.6 billion). Sign up for The Europe Pitch Get our daily digest of private capital markets in the EMEA region.
The largest deal in Q1 was I Squared Capital‘s $2.9 billion acquisition of Ramudden Global from Triton Partners in January. The Stockholm-based temporary traffic management platform operates more than 190 depots across 13 countries in Europe and North America. Another significant deal was Colliers International‘s $700 million acquisition of Ayesa Engineering, a Spanish multidisciplinary civil engineering and project management firm, in February.