5.3.2.2Vertical
Earthwork & Grading
Heavy civil contractors performing site grading and earthmoving.
Market snapshot
These figures describe Civil & Site Work Contractors (5.3.2), the segment that Earthwork & Grading sits within — not Earthwork & Grading on its own.
- Market size
- ~$159B
- Growth
- ~10.2%CAGR (2017–22, nominal)
- Companies
- ~40,000
FragmentationHighly fragmentedEstimate
U.S. Census Bureau 2022 CBP/Economic Census, NAICS 238910 (site preparation contractors).
Business model & economics
Revenue model
Site-preparation and earthwork contracts
Key economics
- Recurring revenue
- Low
- EBITDA margin
- Equipment-utilization-driven
- Capex intensity
- Moderate
project-based
Characteristics
- Equipment-driven earthmoving and site development.
- Essential to nearly every construction project.
- Strong growth from data-center and industrial builds.
M&A deal context
Deal activityModerate
Who’s acquiring
- PE-backed site-work platforms
- Heavy-civil strategics
- Regional contractor consolidators
What’s driving deals
- Consolidation of local site contractors.
- Data-center and industrial site demand.
- Construction-cycle activity.
Find Earthwork & Grading acquisition targets
Search Acquisera’s index for companies classified under Earthwork & Grading (5.3.2.2) and build a targeted deal pipeline.
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