M&A Update – Headline transactions in TX and VA; Seventeen U.S. deals

421 U.S. DEALS

LATEST 12 MONTHS

36%

626* GLOBAL DEALS

LATEST 12 MONTHS

44%

*Including U.S. deals

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

M&A Update – Headline transactions in TX and VA; Seventeen U.S. deals

HIGHLIGHTED TRANSACTIONS

JAN 2022: Employee-owned HR Green (Cedar Rapids, IA) (ENR #188) acquired LDC (Austin, TX), a land development, telecommunications, and surveying consulting firm. The acquisition allows HR Green to continue its growth in Texas, adding Austin to its footprint. Link to details >

Morrissey Goodale initiated the transaction and advised HR Green >

JAN 2022: Nationally recognized structural engineering firm AG&E (Addison, TX) acquired Blue Ridge Design (Winchester, VA), a consulting engineering firm with expertise in the precast/prestressed concrete industry. Link to details >

Morrissey Goodale advised AG&E >

COMMENTARY & INSIGHT

This week we lead with seventeen more domestic transactions as industry deal-makers show no signs of slowing down following a blowout year of M&A in 2021. To see some of the most important M&A trends and highlights from 2021, as well as our projected outlook for 2022, be on the lookout next week for our AE M&A Year-in-Review.

DOMESTIC TRANSACTIONS

1/20/2022

RMA Group (Rancho Cucamonga, CA) (ENR #308), a portfolio company of OceanSound Partners (New York, NY), merged with Western Technologies (Phoenix, AZ) and Enviro-Drill (Phoenix, AZ). Link to details >

1/19/2022

Design firm Greenman-Pedersen (GPI) (Babylon, NY) (ENR #64) acquired Holbert Apple Associates (Olney, MD), a structural engineering firm specialized in new construction and renovations. Link to details >

1/18/2022

Engineering consulting firm Psomas (Los Angeles, CA) (ENR #136) acquired KPG (Seattle, WA), a civil engineering, surveying, mapping, landscape architecture, urban design, transportation planning, and construction services firm. Link to details >

1/17/2022

Fast-growing Ardurra Group (Tampa, FL) (ENR #190), backed by RTC Partners (Miami, FL), acquired the assets of ZEL Engineers (Augusta, GA), a water infrastructure design firm, and Milam Land Surveying (Ocala, FL), a land surveying firm. Link to details >

1/14/2022

Civil engineering firm Bolton & Menk (Mankato, MN) (ENR #150) acquired Fortin Consulting (Hamel, MN), a water resources consulting firm specialized in advanced chlorides management and reduction research and education. Link to details >

1/13/2022

WGI Ventures (West Palm Beach, FL), the infrastructure technology arm of WGI (West Palm Beach, FL) (ENR #175), acquired software firm Streamline Technologies (Winter Springs, FL). Streamline's modeling software is used by many ENR 500 firms, as well as federal, state, and local agencies, and universities. Link to details >

1/20/2022

Environmental risk management expert PM Environmental (Lansing, MI) announced a partnership with private investment firm Keystone Capital (Chicago, IL). Link to details >

1/19/2022

Architecture and design firm Oakline Studio (Creve Coeur, MO) acquired ESD Partners (Charlotte, NC), a firm providing commercial architectural, interior design, and project management services. Link to details >

1/19/2022

Horizons Engineering (Littleton, NH), a civil engineering, land surveying, and environmental services firm, acquired White Mountain Survey & Engineering (Ossipee, NH), a civil engineering and land surveying firm. Link to details >

1/19/2022

Civil and environmental firm The Sigma Group (Milwaukee, WI) merged with River's Bend Engineering (Sturtevant, WI), a civil and electrical engineering, automations and controls, design/build, and information technology company. Link to details >

1/18/2022

Global real estate advisor Avison Young (Toronto, Canada) acquired Studio Eagle (Springfield, NJ), a workplace studio, space planning, and interior design firm.

Link to details >

1/17/2022

GdB Geospatial (Melville, NY) announced that Geomaps International (Bethpage, NY) has joined its team. GdB provides geospatial services to AEC professionals, government agencies, and the general public. Link to details >

1/13/2022

Electric Power Engineers (EPE) (Austin, TX), a consulting engineering firm focused on the power, renewable energy, grid modernization, and energy storage industries, announced an investment by Lime Rock New Energy (Westport, CT), a growth equity investment firm specialized in the energy industry. Link to details >

1/12/2022

VCA Consultants (Orange, CA), a portfolio company of Scott Capital (Darien, CT), acquired Verde (Orange, CA), a sustainability consulting firm. Verde joins the VCA family of companies that includes VCA Structural, VCA Code, and VCA Green. 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

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Lisa Elster, Executive Recruiter, at

508-758-0191 or

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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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