M&A Update – Headline transactions in FL and IA; Eleven U.S. deals

420 U.S. DEALS

LATEST 12 MONTHS

34%

627* GLOBAL DEALS

LATEST 12 MONTHS

43%

*Including U.S. deals

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

M&A Update – Headline transactions in FL and IA; Eleven U.S. deals

HIGHLIGHTED TRANSACTIONS

JAN 2022: PRIME AE Group (Baltimore, MD) (ENR #236) acquired Prosser (Jacksonville, FL), a planning and engineering firm that supports clients in diverse markets including the Department of Defense, transportation, healthcare, higher education, commercial, retail, and residential. Link to details >

Morrissey Goodale initiated the transaction and advised PRIME AE Group >

JAN 2022: Multidisciplinary engineering firm Strand Associates (Madison, WI) (ENR #178) merged with civil and environmental engineering firm FOX Engineering (Ames, IA). As a result of the merger, Strand’s Iowa office will be known as FOX Strand. Link to details >

Morrissey Goodale advised FOX Engineering >

COMMENTARY & INSIGHT

2021 smashed all records for industry consolidation. Check out the important M&A stats and trends from last year in our super-helpful infographic. Then grab your favorite beverage and read the commentary of Jon Escobar, Vice President, here.

DOMESTIC TRANSACTIONS

1/18/2022

Baker Design Consultants (Freeport, ME), a civil, marine, and structural engineering consulting firm, joined employee-owned engineering and environmental services company GEI Consultants (Woburn, MA) (ENR #84). Link to details >

1/21/2022

Cerami & Associates (New York, NY), a firm specialized in acoustic design, technology consulting, vibration control, and audiovisual design, joined ENR's #82 ranked environmental firm Trinity Consultants (Dallas, TX). Link to details >

1/24/2022

Fast-growing Bowman Consulting Group (Reston, VA) (ENR #144) entered into a definitive purchase agreement for the acquisition of Perry Engineering (Tucson, AZ), a firm that delivers civil engineering consulting and land surveying services for residential, commercial, industrial, education, and healthcare related projects. Link to details >

1/25/2022

Engineering and energy services firm CMTA (Louisville, KY) (ENR #240) acquired the assets of ACTS 29 Consulting (Dallas, TX), an MEP engineering consulting firm serving the design and construction industry. Link to details >

1/3/2022

Britt, Peters and Associates (Greenville, SC) merged with Laurene, Rickher & Sorrell (Charlotte, NC). The merger will expand Britt, Peters’ presence in the Charlotte market and add expertise in the healthcare and K-12 sectors. Link to details >

1/22/2022

Redline Design Group (Charlotte, NC), an architecture, interior design, and graphic design firm, merged with Phillips Architecture (Raleigh, NC). The combined firms will operate under the Redline name. Link to details >

1/24/2022

EMC Engineering Services (Savannah, GA), a planning, surveying, engineering, landscape architecture, and construction phase services firm, acquired Langford Land Surveying (Landrum, SC). The acquisition enhances EMC’s surveying services in the Southeast. Link to details >

1/23/2022

Precis Engineering (Ambler, PA) merged with Arcus Design Group (Malvern, PA), an architecture, interiors, and planning firm. The merger establishes Precis as a comprehensive architecture and engineering practice serving the pharmaceutical, biotechnology, and healthcare markets. Link to details >

1/27/2022

The Lexis Group (Dillsburg, PA), a civil engineering, SUE, surveying, and land planning services firm, acquired the equipment assets from Singer Utility Engineering (Yardley, PA), a subsurface utility engineering services focused firm. Link to details >

GLOBAL TRANSACTIONS

1/21/2022

Global environmental and advisory consultancy SLR (Aylesbury, UK) acquired Optimised Environments (OPEN) (Edinburgh, UK), a design firm specializing in renewable energy, master planning, landscape architecture, landscape planning, urban design, and architecture. Link to details >

1/18/2022

The SOCOTEC Group (Yvelines, France) acquired three companies at the beginning of the year, geotechnical and environmental firm Inpijn Blokpoel (Son, The Netherlands), structural and construction firm Pfeifer (Darmstadt, Germany), and urban planning firm URBADS (Hénin-Beaumont, France). Link to details >

UPCOMING EVENTS

MARCH 23-24, 2022

SOUTHEAST STATES M&A SYMPOSIUM

Miami, FL

Reserve your poolside cabana at our first Symposium of 2022 in the hottest city in the U.S!

JUNE 8-9, 2022

WESTERN STATES M&A SYMPOSIUM PLUS

San Francisco, CA

We’re expanding our Symposium to incorporate deep dives on Strategy and Innovation! Same great networking, even more content for firm leaders!

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 [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, Vice President, at 585-738-0667 or

Email Jeff Lookup >

Brendon Cussio, Vice President, at 720-309-0704 or

Email Brendon Cussio >

Jon Escobar, CM&AA, Vice President, 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, Vice President, 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

Three Episodes featuring Mark Goodale, Mick Morrissey, and Jon Escobar

How to Build Effective Leadership Teams

Listen to Mark Goodale offer some direction on how to build effective leadership teams.

Click here to listen.

Influx of Private Equity into Engineering Firms

Listen to the #1 most downloaded episode of the podcast in 2021!

Mick Morrissey discusses the reasons behind the accelerating flow of PE capital into engineering firms.

Click here to listen.

M&A Update for the Design Industry

Listen to Jon Escobar discuss M&A trends and offer his thoughts on what the future holds for the AE industry.

Click here to listen.

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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