M&A Update – Headline deals in FL and AZ; U.S. M&A up 29%

401 U.S. DEALS

LATEST 12 MONTHS

29%

604* GLOBAL DEALS

LATEST 12 MONTHS

41%

*Including U.S. deals

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

M&A Update – Headline deals in FL and AZ; U.S. M&A up 29%

HIGHLIGHTED TRANSACTION #1

NOV 2021: The HFW Companies (St. Louis, MO), a newly formed platform and partnership focused on investing in Architecture, Engineering, and Construction services firms, announced its first member firm -- Miller Legg (Fort Lauderdale, FL), an award-winning engineering, design, and planning services firm. Link to details >

Morrissey Goodale initiated the transaction and advised The HFW Companies >

HIGHLIGHTED TRANSACTION #2

NOV 2021: One of the most prolific acquirers in the AE industry, Ardurra Group (Tampa, FL) (ENR #190), acquired and merged with Ritoch-Powell & Associates (Phoenix, AZ), a civil engineering and surveying firm specializing in transportation, public works, renewable energy, and private development projects.

Link to details >

Morrissey Goodale initiated the transaction >

COMMENTARY & INSIGHT

If you missed our Texas M&A Symposium in October and want to catch up on the latest M&A trends, deal multiples, and post-pandemic best practices for buyers, sellers, and integrators, you can sign up to purchase the Symposium recording >

DOMESTIC TRANSACTIONS

11/9/2021

Fast-growing Universal Engineering Sciences (UES) (Orlando, FL) (ENR #85) signed an agreement to acquire Alpha Testing (Dallas, TX) (ENR #288), a geotechnical engineering, construction materials testing, environmental engineering, and drilling services firm. Link to details >

11/3/2021

Nelson\Nygaard (San Francisco, CA), a specialized transportation and mobility firm, acquired Connetics Transportation Group (Atlanta, GA), a transportation planning firm that serves the public transit, local, and state transportation markets. Link to details >

11/5/2021

Engineering, environmental, surveying, and landscape architecture firm PVE (Sewickley, PA) acquired TEC Engineering (Hartford, CT), a structural engineering and claim investigating services firm that serves the building industry. Link to details >

11/3/2021

Hafer (Evansville, IN), an architecture, engineering, interior design, and landscape architecture firm, acquired HMB Architects (Carbondale, IL), a firm that specializes in architectural programming, master planning, and architectural, landscape, and interior design. Link to details >

11/10/2021

A&M Engineering and Environmental Services (Tulsa, OK), a compliance, engineering, design, construction, and remediation services firm, acquired Environmental Technologies Group (Eugene, OR), an environmental firm with experience in due diligence, site investigation, remediation, and site closure. Link to details >

11/10/2021

Boutique landscape architecture firm Intreegue Design (Elkridge, MD) acquired Donovan Feola Balderson & Associates (Gaithersburg, MD), a landscape architecture and site planning firm. Link to details >

GLOBAL TRANSACTIONS

10/27/2021

ENR's #20 ranked global design firm, AFRY (Stockholm, Sweden), signed an agreement to acquire Trivalo AB (Stockholm, Sweden), a data-driven asset management firm that offers third-party enterprise asset management systems, IBM Maximo and IFS, and analytic software. Link to details >

11/9/2021

ENR's #14 ranked environmental firm, ERM (London, UK), acquired Stratos (Ottawa, Canada), a management consultancy focused exclusively on ESG and sustainability.

Link to details >

11/7/2021

Global environmental and advisory consultancy SLR (Aylesbury, UK) acquired environmental management firm 360 Environmental (West Leederville, Australia).

Link to details >

11/8/2021

Environmental consulting and services firm RSK Group (Helsby, UK) acquired four business across the environmental services sector: Carbon Zero Consulting (Oakham, UK), Envireau Water (Melbourne, UK), Enviroflow (Leeds, UK), and Streetwise (Birstall, UK). Link to details >

11/9/2021

Architectural practice Corstorphine & Wright (Warwick, UK) merged with West Hart Partnership (Tamworth, UK), an architecture firm with extensive experience in the health care sector. Link to details >

UPCOMING EVENTS

JAN 19-20, 2022

SOUTHEAST STATES M&A SYMPOSIUM

Miami, FL

Reserve your cabana in sunny Miami this January. And while you're there learn all about A/E industry M&A and network with prospective buyers, sellers and investors!

JUNE 8-9, 2022

WESTERN STATES M&A SYMPOSIUM

San Francisco, CA

If you are an A/E firm leader interested in expanding into the West through acquisition, or you are based in the West and considering a sale or merger, this is the event for you.

Keep me updated >

WHO IS THE LEADING M&A ADVISOR SERVING THE TEXAS A/E MARKET?

We are. Click here to see the industry-leading 25 transactions we have advised on in the Lone Star state.

If you are a Texas firm interested in M&A or a firm looking to grow in Texas through acquisition we can help. Contact Mick Morrissey at 508-380-1868 or [email protected].

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

Email Jeff Lookup >

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

Email Brendon Cussio >

Jon Escobar, CM&AA, Consultant, at

224-577-8595 or

Email Jon Escobar >

Executive Search Services

To inquire about our Executive Search Services, contact:

Lisa Elster, Executive Recruiter, at

508-758-0191 or

Email Lisa Elster >

Virtual Reality Services

To inquire about our Virtual Reality Services, contact:

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

Email Brendon Cussio >

Strategic Planning Services

To inquire about our Strategic Planning Services, contact:

Mark Goodale, Principal, at

508-283-9357 or

Email Mark Goodale >

Leadership Training & Development

To inquire about our Leadership Training & Development services, contact:

Mark Goodale, Principal, at

508-283-9357 or

Email Mark Goodale >

Engineering Influence Podcast - M&A UPDATE FOR THE DESIGN INDUSTRY

M&A activity in the engineering industry is at an all-time high. Jon Escobar, of the Morrissey Goodale M&A team, visits the Engineering Influence podcast to discuss the trends and causes and to offer his thoughts on what the future holds.

Click here to listen.

Congratulations to the over 130 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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