M&A Update - Baxter & Woodman merges into TX; Nine deals this week

290 U.S. DEALS

LATEST 12 MONTHS

406* GLOBAL DEALS

LATEST 12 MONTHS

*Including U.S. deals

Percentages represent latest twelve months year-over-year increase or decrease in deal activity.

M&A Update - Baxter & Woodman merges into TX; Nine deals this week

HEADLINE TRANSACTION

SEPT 2020: Leading public infrastructure engineering firm Baxter & Woodman (Crystal Lake, IL) (ENR #326) expanded into Texas through its merger with water and wastewater specialist AEI Engineering (Houston, TX). Link to details >

Morrissey Goodale initiated the transaction and advised Baxter & Woodman >

COMMENTARY & INSIGHT

Industry M&A is rebounding to pre-pandemic levels and is now down just 8% below 2019. All indicators are that there will be a deal surge through the end of the year as sellers seek to lock in their tax bill ahead of any changes in 2021. Join us for our 2nd National Livestream M&A Symposium on October 22 and 23 and be sure to choose one of the live registration options to connect with potential buyers, sellers, and investors.

M&A TRANSACTIONS

9/6/2020

Global Infrastructure Solutions (GISI) (New York, NY) announced its intent to link with ENR's #16 ranked construction management-for-fee firm The LiRo Group (Syosset, NY). The merger will add 1,000 employees to the GISI organization. Link to details >

9/9/2020

J.S. Held (Jericho, NY), a multi-disciplinary consulting firm and one of the industry's most prolific buyers, acquired Perry Associates (Middleton, MA), a construction consulting firm that provides commercial management and project scheduling support, construction claims and time impact analysis, and expert services. Link to details >

9/8/2020

CG Environmental (Fort Worth, TX) acquired Mid-America Environmental Solutions and Mid-America Waste Solutions (Carthage, MO). Mid-America provides services in waste transportation and disposal, industrial cleaning, environmental assessments, soil and groundwater remediation, and emergency response. Link to details >

9/1/2020

Align Capital Partners’ (Shaker Heights, OH) environmental services platform Alliance Holdings (Decatur, AL) acquired the US-based Emissions Monitoring business unit of Bureau Veritas (New York, NY). The EM business will now be known as Alliance Emissions Monitoring. Link to details >

9/8/2020

Technology company ShapeDiver (Vienna, Austria) is merging with SaaS platform Swarm (New York, NY). The merger involves a direct investment by Thornton Tomasetti (New York, NY) (ENR #57) in ShapeDiver to accelerate the scale of the platform and better serve enterprise users in the AEC industry. Link to details >

9/3/2020

ENR's #68 ranked global design firm Artelia Group (Lyon, France) acquired a majority stake in Principia (La Ciotat, France), a firm providing engineering services for marine activities in the offshore, nuclear, and naval and civil defense sectors. Link to details >

9/8/2020

ENR's #17 ranked global design firm AFRY (Stockholm, Sweden) sold Austrian state-certified construction materials laboratory MVA Strass (Strass im Zillertal, Austria) to Fröschl Group (Bavaria, Germany). Link to details >

9/7/2020

Architectural group Sadler Brown (Newcastle upon Tyne, UK) continued its expansion through the acquisition of Tweed Nuttall Warburton (Chester, UK). Link to details >

UPCOMING EVENTS

SEPTEMBER 21-25, 2020

CEO WEEK

Virtual Reality/Augmented Reality Event

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OCTOBER 22-23, 2020

FOURTH QUARTER U.S. M&A SYMPOSIUM

Livestream Event

Early bird registration now open! >

OCTOBER 1, 2020

Benchmarking and the Industry Evolution: Where We Were and Where We are Going

Join Mick Morrissey in this ACEC New York virtual presentation on Transition and Ownership in the A/E industry. Mick will focus on M&A trends and valuations. Register here >

M&A Advisory Services

To inquire about our M&A Advisory Services, contact:

Nick Belitz, CVA, Principal, at

303-656-6151 or

Email Nick Belitz >

Jeff Lookup, CM&AA, Principal Consultant, at 585-738-0667 or

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Brendon Cussio, Principal Consultant, at 720-309-0704 or

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A LOOK AT THE M&A MARKET FROM THE SELLER'S SIDE

Mick Morrissey, managing partner of Morrissey Goodale, visits the Engineering Influence podcast to analyze the current state of the M&A market and offer insights and advice to engineering firm owners who may be contemplating selling their firms. Click here to listen.

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Congratulations to the over 100 clients Morrissey Goodale has helped achieve their M&A goals!

Click here to take a look at some of the transactions that we have assisted our clients with over the years.

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