M&A Update – Headline deals in FL and TX; M&A up 28% nationally

398 U.S. DEALS

LATEST 12 MONTHS

28%

597* GLOBAL DEALS

LATEST 12 MONTHS

40%

*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 TX; M&A up 28% nationally

HIGHLIGHTED TRANSACTION

OCT 2021: Leading Southeast multi-discipline consulting firm Chen Moore and Associates (Fort Lauderdale, FL) acquired Fred Wilson & Associates (Jacksonville, FL), an electrical, transportation, and civil engineering consulting firm. Link to details >

Morrissey Goodale advised Chen Moore and Associates >

HIGHLIGHTED TRANSACTION

OCT 2021: Innovative EA firm George Butler Associates (GBA) (Lenexa, KS) (ENR #377) acquired Rio Engineering (Austin, TX), an underwater engineering, inspection, and non-destructive testing firm.

Link to details >

Morrissey Goodale advised GBA >

DOMESTIC TRANSACTIONS

10/11/2021

ENR's #44 ranked environmental firm, Montrose Environmental Group (North Little Rock, AR), acquired Environmental Chemistry (Houston, TX), a full-service environmental laboratory that serves industrial, governmental, engineering, and consulting clients. Link to details >

10/12/2021

SWCA Environmental Consultants (Phoenix, AZ) (ENR #125) acquired Onsite Environmental Consulting (Jacksonville, FL). The acquisition complements SWCA's existing presence in Pensacola and Fort Lauderdale. Link to details >

10/7/2021

Civil engineering firm Pape-Dawson Engineers (San Antonio, TX) (ENR #133) expanded its footprint in the Dallas-Fort Worth metropolitan area with the acquisition of Dowdey, Anderson & Associates (Plano, TX). Link to details >

10/14/2021

Pioneering transportation and infrastructure engineering firm CONSOR Engineers (Houston, TX) (ENR #69) acquired Civic (Nashville, TN), a civil engineering design, construction management, surveying, and information technologies firm. Link to details >

10/14/2021

TRC Companies (Windsor, CT) (ENR #19) announced a significant growth investment from Warburg Pincus (New York, NY), a leading global growth investor. As part of this transaction, New Mountain Capital (New York, NY) successfully exited its investment in TRC. Link to details >

10/12/2021

ENR's #31 ranked construction management-for-fee firm, Anser Advisory (Santa Ana, CA), and ENR's #61 ranked construction management-for-fee firm, Markon Solutions (Falls Church, VA), announced the merging of their organizations. Link to details >

10/12/2021

AE and interior design firm TowerPinkster (Kalamazoo, MI) (ENR #470) and Kovert Hawkins Architects (Jeffersonville, IN) have merged to create a stronger and more geographically diverse design firm. Link to details >

10/11/2021

Fast-growing Bowman Consulting Group (Reston, VA) (ENR #144) acquired PCD Engineering (Longmont, CO), a building services engineering and MEP engineering firm. Link to details >

10/11/2021

High performer Ardurra Group (Tampa, FL) (ENR #190) acquired Fulghum, MacIndoe & Associates (Knoxville, TN), a water and civil engineering and construction management firm. Link to details >

10/11/2021

Nova Group, GBC (St. Louis Park, MN), an industry leading commercial real estate due diligence advisory firm, acquired Carlson Environmental (Chicago, IL), a provider of environmental due diligence services to the real estate market. Link to details >

10/7/2021

Land surveying firm Civil Surveyors (Tappahannock, VA) acquired D & M Surveyors (Tappahannock, VA), a surveying firm that offers topographical mapping and construction surveying services. Link to details >

10/7/2021

Cameron McCarthy Landscape Architecture & Planning (Eugene, OR) joined forces with JBattleson Design (Bend, OR), a landscape architecture firm. With established studios in Eugene and Portland, the Bend studio will be Cameron McCarthy's third location. Link to details >

GLOBAL TRANSACTIONS

10/11/2021

Global studio for architecture, urbanism, and design Foster + Partners (London, UK) announced that it has completed a strategic partnership with Hennick & Company (Toronto, Canada), a private family investment firm. Link to details >

10/13/2021

Property and construction consulting firm Ridge and Partners (Woodstock, UK) acquired Projex Building Solutions (Leeds, UK), a building consulting and project management firm. Link to details >

10/12/2021

ENR's #51 ranked construction management-for-fee firm, MGAC (Washington, DC), acquired RLF (London, UK), a property and construction consulting firm. Link to details >

10/11/2021

ENR's #81 ranked global design firm, Assystem (Courbevoie, France), acquired all of the shares of Schofield Lothian (London, UK), a consulting company that specializes on UK rail projects. Link to details >

UPCOMING EVENTS

OCT 21-22, 2021

TEXAS M&A SYMPOSIUM

Houston, TX

The ONLY M&A Symposium that brings together leaders of Texas A/E and environmental firms with M&A decision-makers and investors from around the country.

Join waitlist >

JAN 19-20, 2022

SOUTHEAST STATES M&A SYMPOSIUM

Miami, FL

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

Early Bird Registration >

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 AE 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 mmorrissey@morrisseygoodale.com

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 >

THE RECAPITALIZATION OF THE A/E INDUSTRY BY PRIVATE EQUITY

(The most downloaded episode of the Engineering Influence Podcast!)

Mick Morrissey, Managing Principal at Morrissey Goodale, visits the Engineering Influence podcast for its most downloaded edition EVER! to discuss the reasons behind the accelerating flow of private equity capital into engineering firms. Click here to listen.

2021 AE INDUSTRY M&A: MID-YEAR REVIEW

Check out Jon Escobar’s commentary about some of the most important M&A trends and highlights from the first half of the year in our 2021 AE M&A Mid-Year Review and corresponding infographic.

Congratulations to the over 125 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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