Our Infrastructure, Engineering and Construction practice helps clients face a progressively transforming environment driven by globalization, greater project complexity and scope, labor shortages, fluctuating energy prices, rising interest rates and the integration of climate change and sustainability planning.
The infrastructure, engineering and construction industries have a profound impact on our daily lives and account for a substantial percentage of the world’s gross domestic product. It’s estimated these sectors will make up more than 13% of the world’s GDP in 2020. Recent investment trends and fundraising activity show that as pension funds, private equity firms, and global banks continue to acquire/finance infrastructure assets and manage their ongoing operations, the need for professionals who invest in, advise on, finance, manage and develop the utilities, transportation, infrastructure and social assets continues to grow.
While the outlook is positive for the industry, optimism about further growth raises a few important questions that are top-of-mind for senior industry executives today. One of the most critical is the persistent shortage of skilled labor as senior trades people retire and are not replaced in the same numbers by younger entrants. Executives also have concerns about productivity, as the engineering and construction industry has not seen the same gains as other major industries. Greater use of technology may be a solution, yet engineering and construction has been slower to adopt these tools than other major industries.
As demand picks up, companies must address the issues of skilled labor, productivity, and technology in order to compete for projects on what is, increasingly, a global playing field. As these challenges intensify, different leadership skills will be required – indeed, a new breed of leader for an increasingly globalized and consolidated industry. The skill set needed for these professionals is growing more sophisticated. As technology, design and innovation advance, companies will shift from traditional transaction based businesses to become more service focused. To be successful in the highly competitive market, companies must hire leaders with multifaceted skill sets and competencies and the next generation will need expertise in leadership, strategy, and capital markets (particularly for publically held companies), as well as a high degree of global awareness.
Ferguson Partners’ has extensive experience supporting clients within these inter-related industries. Our committed senior partners bring a wealth of expertise and category-specific knowledge to leaders across the spectrum of these businesses.
Ferguson Partners’ has successfully completed searches in the following sectors and functional areas:
Infrastructure Investing/Financing (Pension Funds, Global Banks/Investment Banks, and Private Equity Funds)
Transport (Airports, Ports, Mass Transit, Railways, and Roads)
Social (Cities, Hospitals, Schools, Universities, and Prisons)
Infrastructure, Property, and Facilities Management
Our firm is globally positioned to meet the changing needs of the infrastructure, engineering, and construction industries. Let us focus on helping your firm attract, develop, and retain high caliber talent.
David Thalhamer leads our Infrastructure, Engineering and Construction practice.
David Thalhamer is a Senior Managing Director at Ferguson Partners. His principal focus is on all areas of real assets including investment and development, infrastructure and construction. His clients include private equity investors, sponsors, construction companies, developers and financial institutions on a global basis.
Prior to joining Ferguson Partners, David was a Partner in a large global search firm. Previously, David was a Partner in a New York based boutique search firm specializing in the real estate and financial services industries. David began his executive search career at Russell Reynolds Associates in 1997, focused on the real estate and construction industries and co-led its global real estate practice for four years. He was also a member of the firm’s financial officers’ recruiting practice.
Prior to becoming a search consultant, David was a regional manager with Otis Elevator Company where he was responsible for the company’s New York and suburban market new equipment business, overseeing all phases of sales and construction. David began his career at Otis in sales and held progressive positions in operations, account and project management.
David holds a Bachelor of Architectural Engineering Degree from Pennsylvania State University, an M.B.A from Fordham University’s Graduate School of Business Administration, beta gamma sigma and a M.S. in Real Estate Finance and Investment from New York University.
Other Infrastructure, Engineering & Construction Practice Consultants:
Serena Althaus, Senior Managing Director
Tania Azad, Vice President
Max d’Ambrumenil , Managing Director
Travis Kononen, Managing Director
Peter Rackowe, President-International
Mark Ross, Managing Director
Leanne Tomar, Vice President