The heavy civil construction industry in Europe focuses on large-scale infrastructure projects like bridges, roads, and tunnels. Companies operating in this sector include contractors, engineering firms, and material suppliers. They not only provide construction services but also design, maintenance, and project management. With a rising push for sustainable practices and digital innovations, the industry is gearing up for modernization. Notably, investment in green infrastructure is gaining traction, aligning construction efforts with environmental goals. Investing in this sector remains robust, reflecting the critical need for improved transit networks and resilient urban landscapes as nations recover and grow.


Among the 16 heavy civil construction investors highlighted, there is a mix of corporate, private equity, and venture capital firms. These investors, predominantly located in major European hubs like London, Dublin, and Paris, vary in size from small firms to large corporations with over 10,000 employees. Established between 1970 and 2021, many of them actively engaged in multiple deals in 2024, showcasing their commitment and strategic interest in this substantial sector. Notable investors include BGF and CRH, indicating a blend of growth-focused and resource-intensive approaches to investing in construction projects.


Top 16 Heavy Civil Construction Investors in Europe


1. RSK Group

  • Website: rskgroup.com
  • Type: Corporate
  • Headquarters: Helsby, England, United Kingdom (UK)
  • Founded year: 1989
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: rsk-group

RSK Group is an environmental consultancy and engineering services company based in the UK, founded in 1989. With over 10,000 employees, RSK provides a wide range of services including environmental assessments, engineering solutions, and sustainability consulting across various sectors such as energy, healthcare, and construction. In recent years, RSK has made significant strides in the heavy civil construction industry through strategic acquisitions. Notably, in 2021, RSK acquired CR Civil Engineering Ltd, which has a turnover approaching £40 million, to enhance its contracting division. Additionally, RSK's acquisition of RJT Excavations in October 2023 further solidifies its presence in the civil engineering sector, as RJT is a Scottish civil engineering contractor. The acquisition of Morrison Construction in March 2020 also highlights RSK's focus on expanding its capabilities in heavy civil construction. These transactions reflect RSK's strategy to diversify and strengthen its engineering and infrastructure services, making it a relevant player in the heavy civil construction market.


2. VINCI Energies

  • Website: vinci-energies.com
  • Type: Corporate
  • Headquarters: Nanterre, Île-De-France, France
  • Founded year: 2003
  • Headcount: 10001+
  • Number of deals in 2024: 13
  • LinkedIn: vinci-energies

VINCI Energies is a corporate investor based in Nanterre, Île-De-France, France, specializing in engineering and infrastructure solutions. Founded in 2003, the company has grown to employ over 10,000 people and has made 13 investments in 2024 alone. VINCI Energies offers a wide range of services, including energy infrastructure, industrial performance, digital transformation, and sustainable building management. Notably, the company has been involved in significant transactions relevant to heavy civil construction, such as the acquisition of its first highway concession in Brazil in May 2023, which marks its entry into the highway infrastructure sector. Additionally, through its Vinci Highways US subsidiary, it acquired a strategic stake in TollPlus, enhancing its capabilities in toll road management. The acquisition of ACS' energy business for €4.9 billion also included nine greenfield concession projects, further solidifying its position in the heavy civil construction market. These transactions demonstrate VINCI Energies' active role in developing and managing large-scale infrastructure projects, making it a key player in the heavy civil construction industry.


3. Crh

  • Website: crh.com
  • Type: Corporate
  • Headquarters: Dublin, Dublin, Ireland
  • Founded year: 1970
  • Headcount: 10001+
  • Number of deals in 2024: 6
  • LinkedIn: crh

CRH plc, based in Dublin, Ireland, is a leading building materials company founded in 1970. With over 10,000 employees, CRH manufactures and supplies a wide range of products for the construction industry, serving municipalities, contractors, and developers globally. In 2024, CRH made significant strides in enhancing its position in the heavy civil construction market through several key acquisitions. Notably, they acquired the mineral rights to the San Rafael Rock Quarry from the Dutra Group, which will allow them to manage quarry operations and support construction projects in California. Additionally, CRH's acquisition of Ary Corporation added numerous sand and gravel locations and asphalt plants to their portfolio, further strengthening their Americas Materials Solutions business. Their acquisition of Mulzer Crushed Stone Inc. also highlights their commitment to expanding their aggregate production capabilities, which are crucial for heavy civil construction projects. Overall, CRH's strategic investments and focus on construction materials position them as a key player in the heavy civil construction industry.


4. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, established in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services. EIB focuses on supporting sustainable projects across various sectors, catering to both public and private organizations seeking funding for initiatives that promote growth and job creation. In 2024, EIB was involved in several significant transactions relevant to heavy civil construction, such as providing $467 million in debt financing to Adif Alta Velocidad for railway infrastructure, and $1.48 billion to Global Power Generation, which is involved in energy infrastructure. These transactions highlight EIB's commitment to financing large-scale infrastructure projects, making it a relevant player in the heavy civil construction sector.


5. Crédit Mutuel Equity


Crédit Mutuel Equity is a private equity investment firm based in Paris, Île-De-France, France, founded in 1988. The firm specializes in providing capital and strategic support to businesses across various sectors, including heavy civil construction. Notable transactions include investments in Demathieu Bard, a company engaged in construction and public works, and Altrad Group, which operates in the construction and maintenance sectors. These investments highlight Crédit Mutuel Equity's commitment to supporting growth and transformation in the construction industry, while also integrating economic and ESG considerations into their strategies. Their clientele includes business leaders seeking to enhance operations and navigate market challenges, further emphasizing their role in the construction landscape.


6. Triton Partners


Triton Partners is a private equity investment firm based in Luxembourg, founded in 1997. The firm specializes in private equity and credit investments in European mid-market businesses, focusing on sectors such as Business Services, Industrial Tech, and Healthcare. Triton provides operational expertise and capital to help companies unlock their full potential, partnering with management teams to address challenges and drive growth. In the heavy civil construction context, Triton has made significant investments, including the acquisition of Mark & Energibyggarna i Göteborg AB, a company specializing in infrastructure construction and district heating, and DYWIDAG-Systems International, a leading systems supplier in civil engineering and underground construction. Their recent acquisition of VolkerWessels further enhances their portfolio in the heavy civil construction sector, indicating a strategic focus on infrastructure services.


7. Bgf

  • Website: bgf.co.uk
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 53
  • LinkedIn: bgfinvestments

BGF Investment Management Limited is a venture capital firm founded in 2011, based in London, England. The firm specializes in providing growth funding and value creation support to small and mid-sized businesses in the UK and Ireland. BGF addresses the funding gap in the market by making minority investments and offering extensive support services to help businesses scale. Notable transactions relevant to the heavy civil construction context include a £3m investment in Flowline Limited, a drainage contractor, which enabled the company to expand its operations and acquire Clearaway Drainage Services. Additionally, BGF invested £4.7m in Plantforce, a provider of heavy equipment rentals, to support its growth plans. These investments demonstrate BGF's involvement in the heavy civil construction sector, although their overall investment strategy encompasses a wider range of industries.


8. Holcim

  • Website: holcim.com
  • Type: Corporate
  • Headquarters: Zug, Zug, Switzerland
  • Founded year: 1912
  • Headcount: 10001+
  • Number of deals in 2024: 12
  • LinkedIn: lafargeholcim

Holcim is a leading building materials manufacturer based in Zug, Switzerland, specializing in innovative and sustainable construction solutions. Founded in 1912, the company has grown to employ over 10,000 people and operates globally, providing a wide range of products including cement, aggregates, and ready-mix concrete. Holcim's focus on decarbonizing building practices and driving circular construction is evident in their recent acquisitions. For instance, the acquisition of Teko Mining in Serbia enhances their aggregate supply, crucial for heavy civil construction projects. Similarly, the acquisition of Sivyer Logistics, a recycler of construction and demolition waste, supports their sustainability goals while also providing materials that can be reused in construction. Their strategic acquisitions, such as Holcim Australia and Lafarge Serbia, further solidify their presence in key markets, making them a vital player in the heavy civil construction industry.


9. Instalco

  • Website: instalco.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2014
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: instalco

Instalco is a corporate investor based in Stockholm, Sweden, specializing in installation and consulting services across plumbing, electrical, ventilation, and industrial services. Founded in 2014, Instalco operates through a decentralized model that enables local companies to maintain their identity while benefiting from shared resources and best practices. In recent years, Instalco has made several strategic acquisitions to strengthen its position in the construction sector. Notably, they acquired Highcon AB, a company specializing in scaffolding structures, which is crucial for heavy civil construction projects. Additionally, Instalco's acquisition of Enter Ställningar AB, another scaffolding company, further emphasizes their commitment to enhancing their capabilities in the heavy civil construction space. These transactions, along with their focus on industrial services, position Instalco as a relevant player in the heavy civil construction industry.


10. Saint-Gobain

  • Website: saint-gobain.com
  • Type: Corporate
  • Headquarters: Courbevoie, Île-De-France, France
  • Founded year: 1665
  • Headcount: 10001+
  • Number of deals in 2024: 14
  • LinkedIn: saint-gobain

Compagnie de Saint-Gobain S.A., founded in 1665 and headquartered in Courbevoie, Île-De-France, France, is a leading construction materials manufacturer with a global presence in 76 countries. The company focuses on sustainability and performance, offering a wide range of products that enhance building efficiency and reduce environmental impact. Saint-Gobain's customers include construction firms, industrial manufacturers, and consumers seeking high-quality materials. Notable transactions include the acquisition of Gcp Applied Technologies for $2.3 billion in December 2021, which enhances their portfolio in construction technologies. Additionally, the acquisition of BPB plc for $6.68 billion in 2005 further solidified their position in the construction materials market. In 2024, they acquired CSR for approximately $2.94 billion, indicating ongoing investment in the sector. Their participation in seed funding for KOPE AI Limited, aimed at developing offsite construction platforms, also reflects their commitment to innovation in construction methods. These transactions highlight Saint-Gobain's active role in the construction industry, making them a relevant investor in heavy civil construction.


11. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by managing diverse investment portfolios across multiple sectors and geographies. Among their notable transactions, EQT acquired Thinkproject, a leading SaaS provider for construction and engineering projects in Europe, which highlights their engagement in the construction sector. This acquisition, along with their investments in infrastructure, positions EQT as a significant player in the construction landscape, particularly in providing innovative solutions that enhance project management and execution in heavy civil construction. Additionally, their acquisition of Osmose Utilities Services indicates their interest in utility services, which can be integral to civil construction projects.


12. Breedon Group plc

  • Website: breedongroup.com
  • Type: Corporate
  • Headquarters: Breedon On The Hill, England, United Kingdom (UK)
  • Founded year: 2010
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: breedon-group-plc

Breedon Group plc is a corporate investor based in Breedon On The Hill, England, specializing in the supply of construction materials. Founded in 2010, the company has grown to become a significant player in the construction industry, with operations in Great Britain, Ireland, and the USA. Breedon Group produces a wide range of products, including aggregates, cement, asphalt, and ready-mixed concrete, serving construction businesses and contractors. In recent years, Breedon has made several strategic acquisitions to bolster its position in the heavy civil construction sector. Notably, in March 2025, they acquired Lionmark, a construction materials and road surfacing business, which is expected to significantly increase their US revenue. Additionally, the acquisition of Thomas Bow Limited in July 2022 was aimed at enhancing their surfacing platform in the East Midlands. These transactions reflect Breedon's commitment to expanding its capabilities in the heavy civil construction market, making it a relevant investor in this space.


13. Foundamental

  • Website: foundamental.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2019
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: foundamental

Foundamental is a Berlin-based venture capital firm founded in 2019, specializing in the architecture, engineering, and construction (AEC) technology sectors. With a team size of 11-50, they provide early-stage funding and strategic support to startups, helping founders navigate the challenges of building their businesses. Their portfolio includes companies focused on 3D design, construction, renovation, and supply chain logistics, primarily targeting businesses in the AEC industry. Notable transactions include their participation in INDUS.AI, a construction software company that raised $8 million in Series A funding, and Mighty Buildings, which raised $40 million in Series B funding for innovative construction solutions. These investments highlight Foundamental's commitment to advancing technology in the construction sector, making them a relevant player in the heavy civil construction space.


14. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux, a private equity firm based in Amsterdam, was founded in 2021 and is part of Mutares SE & Co. KGaA. The firm specializes in acquiring and managing companies in transition, providing operational support and consulting services to enhance profitability and growth across various sectors. Mutares has made significant strides in the heavy civil construction industry through strategic acquisitions. Notable transactions include the acquisition of NCC Road Service A/S, which enhances their portfolio in road services, and Nordic Road Services AB, which includes ongoing contracts and equipment related to road construction. Additionally, the acquisition of GDL Anläggning & Miljö AB, expected to close in 2025, further solidifies their commitment to the construction sector, as this company generated substantial revenues in the field. Mutares' focus on turnaround management and strategic investments positions them as a relevant player in the heavy civil construction market.


15. Equistone Partners Europe


Equistone Partners Europe is a private equity investment firm based in London, specializing in management buyouts and growth capital for mid-market companies across Europe. Founded in 1979, the firm focuses on long-term growth and impressive returns for its investors by partnering with management teams. Among their notable transactions, Equistone acquired Spie Batignolles SA in 2003, a significant player in the construction industry, which includes heavy civil construction projects. In 2021, they acquired Redhall, a company involved in engineering and construction services, further emphasizing their interest in the construction sector. Additionally, their negotiations to acquire Vulcain Ingénierie, a French engineering consultancy, highlight their commitment to investing in firms that support heavy civil construction activities. These transactions illustrate Equistone's active role in the heavy civil construction industry, alongside their broader investment strategy.


16. Head of Data Technology Office at Intesa Sanpaolo


The Head of Data Technology Office at Intesa Sanpaolo is part of a major banking and financial services provider based in Turin, Italy. Founded in 2007, Intesa Sanpaolo offers a wide range of financial products, including loans and investment management services, catering to both individual consumers and businesses. In 2024, the office was involved in several notable transactions, particularly in the heavy civil construction sector. For instance, they participated in a $200 million post-IPO debt financing for Maire Tecnimont, a company recognized for its engineering and construction services in the energy and infrastructure sectors. Additionally, they were involved in a substantial $845 million post-IPO debt financing for Fincantieri, a leading shipbuilding company that also engages in large-scale infrastructure projects. These transactions highlight the investor's active role in supporting companies that are integral to heavy civil construction and infrastructure development.



Heavy Civil Construction Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
RSK GroupHelsby, England, United Kingdom (UK)10001+19893
VINCI EnergiesNanterre, Île-De-France, France10001+200313
CrhDublin, Dublin, Ireland10001+19706
European Investment Bank (EIB)Luxembourg1001-5000195899
Crédit Mutuel EquityParis, Île-De-France, France51-20019882
Triton PartnersLuxembourg201-50019976
BgfLondon, England, United Kingdom (UK)51-200201153
HolcimZug, Zug, Switzerland10001+191212
InstalcoStockholm, Stockholm, Sweden1001-500020142
Saint-GobainCourbevoie, Île-De-France, France10001+166514
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Breedon Group plcBreedon On The Hill, England, United Kingdom (UK)1001-500020102
FoundamentalBerlin, Berlin, Germany11-5020197
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
Equistone Partners EuropeLondon, England, United Kingdom (UK)51-20019791
Head of Data Technology Office at Intesa SanpaoloTurin, Piedmont, Italy10001+200731


Want to find more investors focusing on the heavy civil construction industry?

If you want to find more investors that are active in the heavy civil constructionindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!