5.3.14.1Vertical

Pump Station Construction

Contractors building lift stations and pumping facilities.

Market snapshot

These figures describe Water & Wastewater Construction (5.3.14), the segment that Pump Station Construction sits within. They are not figures for Pump Station Construction on its own.

Market size
~$57B
Growth
~5.1%CAGR (2017–22, nominal)
Companies
~10,602 firms
Firms by employee count

82.8% of firms have fewer than 20 employees: 8,777 micro-businesses, below most mandates.

The investable universe1,825 firms with 20+ employees
20–99
1,51983%
100–499
24914%
500+
573%

Small, steady, and almost entirely municipally funded, with replacement of aging mains and treatment capacity proceeding on regulatory timetables rather than economic ones. That makes it the least cyclical construction segment here, and the one where a buyer is underwriting a utility spending plan rather than a market.

NAICS 237110. U.S. Census Bureau, 2022 Statistics of U.S. Businesses; U.S. Census Bureau, 2022 Economic Census.

Business model & economics

Revenue model

Water/sewer infrastructure project contracts

Key economics

Revenue per firm
$5,368,112
Revenue per employee
$385,886
Employees per firm
15.5
Recurring revenue
Low–Moderate

ongoing replacement programs

EBITDA margin
Equipment- and bonding-driven
Capex intensity
Moderate

Characteristics

  • Scale-driven: payroll is only 19% of revenue, so the cost base is assets, not headcount
  • Moderate strategic-buyer pool: 57 firms exceed 500 employees, so a scaled asset has buyers, but not many
  • Heavy-civil specialty for public water/sewer clients.
  • Aging infrastructure and regulation drive demand.
  • Federal water-infrastructure funding a tailwind.

NAICS 237110. U.S. Census Bureau, 2022 Statistics of U.S. Businesses; U.S. Census Bureau, 2022 Economic Census.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Heavy-civil & water-infrastructure strategics
  • PE-backed infrastructure platforms
  • Regional contractor consolidators

What’s driving deals

  • Aging-infrastructure replacement programs.
  • Lead-pipe, PFAS, and overflow mandates.
  • Water-infrastructure funding.

Find Pump Station Construction acquisition targets

Search Acquisera’s index for companies classified under Pump Station Construction (5.3.14.1) and build a targeted deal pipeline.

Search companies