M&A Update - More private equity enters the industry; U.S. M&A up 20%

350 U.S. DEALS

LATEST 12 MONTHS

20%

413* GLOBAL DEALS

LATESTS 12 MONTHS

20%

*Including U.S. deals

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

M&A Update - More private equity enters the industry; U.S. M&A up 20%

COMMENTARY & INSIGHT

This week industry leader Westwood announced that Endurance Partners has made a strategic investment in the firm, making it the tenth ENR Top 500 design firm to recapitalize in 2021. Learn what’s driving the recapitalization of the A/E industry by private equity and meet the decision-makers behind the headlines at our Texas M&A Symposium this October in Houston. Early bird registration is now open.

DOMESTIC TRANSACTIONS

6/3/2021

Industry-leading Westwood Professional Services (Minnetonka, MN) (ENR #122) announced that Endurance Partners (New York, NY) has made a strategic investment in the company. This investment will provide Westwood a deep network of relationships, Board expertise, and financial capital to support its strategic initiatives. Link to details >

6/3/2021

The A/E industry's most prolific buyer, J.S. Held (Jericho, NY), acquired CORE Planning Strategies (Indianapolis, IN), a provider of project and program management, owner’s representation, facility assessment, capital planning, and process optimization services. Link to details >

6/10/2021

Parsons Corporation (Centreville, VA) (ENR #11) entered into a definitive agreement to acquire BlackHorse Solutions (Herndon, VA). The acquisition expands Parsons’ capabilities in cyber, digital operations, artificial intelligence/machine learning, and full-spectrum operations. Link to details >

6/17/2021

BVH Integrated Services (Bloomfield, CT), a sustainable design, commissioning, MEP, civil, and structural engineering firm, joined industry-leading facilities planning and design firm Salas O'Brien (Santa Ana, CA) (ENR #118). Link to details >

6/16/2021

Fast-growing Universal Engineering Sciences (Orlando, FL) (ENR #85) acquired McGinley & Associates (Reno, NV), an environmental engineering and consulting firm with experience in mining, industrial, manufacturing operations, and renewable energy projects. Link to details >

6/15/2021

COLE Architects (Boise, ID) merged with DKA Architecture & Design (Bend, OR) expanding both firms’ service capabilities. Both firms will retain their existing personnel and will operate as COLE Architects under one ownership team. Link to details >

6/15/2021

David Evans and Associates (Portland, OR) (ENR #90), a recognized leader in the design and management of complex transportation, land development, water resources, and energy projects, acquired Somers-Jaramillo + Associates (Salt Lake City, UT) a public involvement services firm. Link to details >

6/12/2021

Architecture firm BSB Design (West Des Moines, IA) acquired Withee Malcolm Architects (Torrance, CA), a planning, architecture, and interior design firm serving clients in the residential, commercial, and industrial markets. Link to details >

GLOBAL TRANSACTIONS

6/14/2021

Jensen Hughes (Baltimore, MD), a global leader in safety, security, and risk-based engineering and consulting, acquired FES Ghent (Gent, Belgium), a fire protection engineering firm that specializes in code compliance, risk assessment, and computational fluid dynamics (CFD). Link to details >

6/16/2021

TRC Companies (Windsor, CT) (ENR #19) acquired Quatric (Quebec, Canada), a provider of engineering services and technology solutions to electric and gas utilities.

Link to details >

6/16/2021

RPM Global (Brisbane, Australia), a technology, planning, and training services provider for the mining industry, acquired Nitro Solutions (Brisbane, Australia), an Environmental Social and Governance (ESG) services firm serving the mining industry. Link to details >

6/14/2021

Environmental consulting and services firm RSK Group (Helsby, UK) acquired Minerex Environmental (Dublin, Ireland), a provider of hydrogeological and environmental services to clients in both the public and private sectors. 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, M&A decision-makers from national, and global buyers and industry investors.

Early bird registration now open >

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

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

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.

Order today!

Mastering Lean Leadership for the A/E industry is all about helping current and future A/E firm leaders blow the lid off their companies. Start learning your way toward your goals and achieving outcomes you previously thought impossible!