M&A Update – STV goes big in Texas; Twelve more deals

384 U.S. DEALS

LATEST 12 MONTHS

29%

571* GLOBAL DEALS

LATEST 12 MONTHS

37%

*Including U.S. deals

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

M&A Update – STV goes big in Texas; Twelve more deals

HEADLINE TRANSACTION

SEP 2021: In one of the largest transactions of the year, industry leader STV (Douglassville, PA) (ENR #34) has agreed to acquire iconic Texas EA firm CP&Y (Dallas, TX) (ENR #211). Link to details >

Morrissey Goodale initiated the transaction and advised CP&Y >

COMMENTARY & INSIGHT

With two more deals in the Lone Star State this week, Texas continues to be the hottest state for M&A. Journey to the center of the action in Houston this October 21 and 22 to learn all about A/E industry M&A trends and network with over 100 CEOs, M&A decision-makers, and investors at our 7th annual Texas M&A Symposium.

DOMESTIC TRANSACTIONS

9/2/2021

Project Control (San Antonio, TX), the project management and development operation of Raba Kistner (San Antonio, TX) (ENR #159), acquired Rice & Gardner Consultants (Houston, TX), a program management and building commissioning firm.

Link to details >

9/9/2021

Pioneering AEG and strategic consulting firm Woolpert (Dayton, OH) (ENR #59) acquired Optimal GEO (Athens, AL), a firm that provides photogrammetric mapping, orthoimagery, lidar, and GIS data to defense and federal intelligence communities. Link to details >

9/7/2021

VHB (Watertown, MA) (ENR #56) acquired CCR Environmental (Atlanta, GA), an aquatic natural resources consultant firm focused on aquatic ecology survey and watershed assessment services. Link to details >

9/8/2021

Multi-disciplinary consulting engineering firm AI Engineers (Middletown, CT) (ENR #302) acquired Risoli Planning and Engineering (Greenwich, CT), a civil, site, planning, survey, and building engineering firm that serves commercial, residential, and municipal clients. Link to details >

8/17/2021

Infrastructure engineering firm Volkert (Mobile, AL) (ENR #89) acquired Denmon Engineering Company (Monroe, LA), a water resources, transportation, water/wastewater, and surveying services firm. Link to details >

9/7/2021

Barton & Loguidice (Liverpool, NY) (ENR #293) acquired Traffic Solutions (Portland, ME), expanding the firm’s transportation and municipal services in the New England market. Link to details >

9/2/2021

Walden Environmental Engineering (Oyster Bay, NY), a civil and environmental engineering services firm, acquired Turnkey Compliance Solutions (East Hampton, CT), a firm that specializes in Environmental, Health, and Safety (EHS) consulting services. Link to details >

9/9/2021

SOCOTEC (Yvelines, France), a provider of TIC (Testing, Inspection, and Certification) advisory services, acquired Forge Engineering (Naples, FL), a provider of forensics engineering, marine engineering, building sciences engineering, geotechnical, environmental, and construction materials testing services. Link to details >

GLOBAL TRANSACTIONS

9/2/2021

Engineering, construction, maintenance, and turnarounds services firm Zachry Group (San Antonio, TX) (ENR #87), acquired Trillium Advisory Group (Calgary, Canada), a provider of specialized services and support in construction best practice deployment, process optimization, and digitalization. Link to details >

9/7/2021

Marlowe (London, UK), a leader in business-critical services and software, acquired Santia Limited (Cardiff, UK), a provider of environmental safety testing and consultancy services. Link to details >

9/9/2021

Environmental and engineering consulting firm EFI Global (Tampa, FL) acquired Wentzell Engineering Limited (Hebbville, Canada) a provider of investigative and engineering services to insurance companies, adjusters, law firms, corporations, and law enforcement agencies. Link to details >

UPCOMING EVENTS

OCT 21-22, 2021

TEXAS M&A SYMPOSIUM (ALMOST SOLD OUT!)

Houston, TX

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

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 >

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To inquire about our Executive Search Services, contact:

Lisa Elster, Executive Recruiter, at

508-758-0191 or

Email Lisa Elster >

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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 popular 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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