Transaction advisory and M&A advisory

Investment clarity before every transaction.

Transaction Advisory

Guiding high-stakes investment decisions with confidence

Our clients provide significant global investment to new and existing infrastructure projects in response to key market trends, including decarbonization, distributed energy resources (DER) and grid modernization.

We deliver transaction advisory services with rigorous technical due diligence, sharp sector-specific insights and serve as trusted partners to infrastructure investors in power, oil and gas (O&G), water/wastewater, telecommunications, renewables, energy storage, hydrogen, data centers, electric vehicles (EV) and biofuel solutions.

Rigorous technical due diligence 

Black & Veatch provides comprehensive, engineering-driven evaluations of infrastructure assets and projects before a transaction closes. We go beyond financial checks to deeply analyze the technical aspects that determine whether an investment is sound. Given our extensive experience, we understand what “quality” looks like in a due diligence report for equity and/or debt purpose. Working in close collaboration with the client and other client consultants, we highlight key drivers in the reports for ease of use by potential debt and/or equity providers.

We bring to the table:

  • More than a century of engineering expertise.

  • Deep technical insights that uncover hidden risks and validate asset performance.

  • Post-close confidence through thorough evaluations, ensuring no surprises.

Transaction advisory and M&A services across infrastructure industries

We provide transaction advisory and M&A consulting services to infrastructure industries, supporting clients throughout the full deal lifecycle—from strategy and due diligence to valuation, integration and value realization. Our experience enables informed investment decisions, risk mitigation and successful transactions in complex, regulated environments.

Our transaction advisory and M&A services

Technical due diligence

Independent engineering and technical due diligence that helps you understand how an asset, portfolio or facility is designed, built, operated, maintained and likely to perform. Our assessments go beyond project documentation consistency to identify technical risks, validate assumptions and surface potential issues that could impact value, cost or long‑term reliability, before a transaction closes. Our capabilities include:

  • Lender technical advisory

  • M&A due diligence

  • Construction and operations monitoring

Market analysis

Understand how market conditions, regulation and system dynamics may influence asset performance and revenue. Our Energy Market Perspective (or EMP) provides an off the shelf 25 year forecast of North American energy markets to provide market analysis that translates complex external factors into clear, decision‑ready insight, supporting informed investment decisions in volatile and evolving energy markets. Our capabilities include:

  • Wholesale market and LCOE forward price curves

  • Dispatch analysis

  • Retail tariff rate forecasts

  • Transmission nodal analysis

  • Economic modeling

  • Market modeling

  • Energy markets and policies

Bankability

Demonstrate the credibility needed to secure financing and insurance for new and novel technologies. Through independent technical assessments, we evaluate performance risk, maturity and long‑term viability, reducing uncertainty for end users, lenders and investors and helping projects move forward with greater confidence. Our capabitlies include:

  • Bankability assessments

  • Technology assessments

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