M&A Update – Industry consolidation gathers steam

363 U.S. DEALS

LATEST 12 MONTHS

26%

528* GLOBAL DEALS

LATESTS 12 MONTHS

26%

*Including U.S. deals

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

M&A Update – Industry consolidation gathers steam - U.S. M&A up 26%

COMMENTARY & INSIGHT

The industry is consolidating at an unprecedented pace. Deal-making is up 26% fueled by optimistic buyers and investors with access to capital and sellers eager to lock in a sale ahead of any tax increases in 2022. Our M&A Symposiums are where industry buyers, sellers, and investors come to meet. Join us in Houston this October for our 7th Texas M&A Symposium to make the connection that could take your firm to the next level.

DOMESTIC TRANSACTIONS

7/6/2021

MEP firm Girard Engineering (Falls Church, VA) joined industry-leading facilities planning and design firm Salas O'Brien (Santa Ana, CA) (ENR #118) for its fifth deal of 2021.

Link to details >

7/8/2021

For its sixth deal of 2021, fast-growing Universal Engineering Sciences (Orlando, FL) (ENR #85) acquired Geotechnology (St. Louis, MO) (ENR #407), a firm specializing in applied earth and environmental sciences, exploration, geotechnical engineering, and underground consulting services. Link to details >

7/2/2021

Mining, energy, water, environment, and technology consulting firm RESPEC (Rapid City, SD) acquired Progressive Water Resources (Sarasota, FL), a water resource consulting firm with extensive experience in multiple aspects of ground and surface water resource development and management. Link to details >

7/2/2021

Multi-disciplinary consulting firm Pennoni (Philadelphia, PA) (ENR #91) acquired Cocciardi and Associates (Mechanicsburg, PA), a firm that provides safety, industrial hygiene, environmental, public health, and emergency preparedness services.

Link to details >

7/6/2021

Environmental services firm Montrose Environmental Group (Irvine, CA) acquired Environmental Intelligence (Laguna Beach, CA), a wildfire mitigation, biological assessments, construction monitoring, and regulatory compliance services firm. Link to details >

7/7/2021

ENR's #15 ranked construction management-for-fee firm, Atlas Technical Consultants (Austin, TX), acquired O’Neill Service Group (Redmond, WA), a construction quality assurance and environmental services firm. Link to details >

7/7/2021

Private equity firm L2 Capital Partners (Devon, PA) acquired Ecotone (Forest Hill, MD), an ecological design, engineering, and construction services firm that serves federal, state, local, and private clients. Link to details >

7/8/2021

Rimkus Consulting Group (Houston, TX), a forensic consulting and technical services provider, acquired Blackstone Consulting (New York, NY), an environmental and property condition assessment due diligence services firm. Link to details >

GLOBAL TRANSACTIONS

7/6/2021

Environmental consulting and services firm RSK Group (Helsby, UK) acquired Technik Ground Solutions Limited (Runcon, UK), a specialist geotechnical contractor that serves the energy, utilities, infrastructure, manufacturing, petrochemical, and defense markets. Link to details >

7/5/2021

Applus+ Group (Madrid, Spain), a global testing, inspection, and certification company, acquired Enertis (Madrid, Spain), an engineering, consulting, testing, and inspection services company focused on the solar photovoltaic industry. Link to details >

7/5/2021

ENR's #14 ranked environmental firm, ERM (London, UK), acquired The Renewables Consulting Group (London, UK), a market intelligence, management consulting, and technical advisory firm that operates exclusively in the renewable energy sector.

Link to details >

7/5/2021

MTE Consultants (Kitchener, Canada), a civil, structural, environmental, and land surveying firm, acquired Atkins + Van Groll (Ontario, Canada), a structural engineering firm focused on residential and commercial development, self-storage facilities, and golf clubs. Link to details >

7/1/2021

Civil engineering consulting firm Tatham Engineering (Collingwood, Canada) acquired Runge Engineering (Collingwood, Canada), an electrical and mechanical engineering firm. Link to details >

UPCOMING EVENTS

OCT 21-22, 2021

TEXAS M&A SYMPOSIUM

Houston, TX

Now in its seventh year! The ONLY M&A Symposium that brings together leaders of Texas A/E and environmental firms, with M&A decision-makers from national and global buyers and industry investors.

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.

Keep me updated >

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 >

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

Email Brendon Cussio >

Jon Escobar, CM&AA, Consultant, at

224-577-8595 or

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508-758-0191 or

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508-283-9357 or

Email Mark Goodale >

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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

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

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.

Get your copy of the book that's revolutionizing the AEC industry.

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