M&A Update – Salas O’Brien to acquire PCI Skanska; U.S. M&A up 24%

357 U.S. DEALS

LATEST 12 MONTHS

24%

518* GLOBAL DEALS

LATESTS 12 MONTHS

22%

*Including U.S. deals

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

M&A Update – Salas O’Brien to acquire PCI Skanska; U.S. M&A up 24%

COMMENTARY & INSIGHT

Salas O'Brien’s agreement to acquire PCI Skanska (ENR #474) marks the eleventh ENR Top 500 design firm to be sold or recapitalized this year. Ten of these eleven transactions have been completed by private equity (PE) or family office-backed buyers. Learn what’s driving this recapitalization of the industry and meet the dealmakers at our Texas M&A Symposium this October in Houston.

DOMESTIC TRANSACTIONS

6/23/2021

Industry-leading facilities planning and design firm Salas O'Brien (Santa Ana, CA) (ENR #118) has agreed to acquire PCI Skanska (Evansville, IN) (ENR# 474) from ENR's #9 ranked top contractor Skanska USA (New York, NY). Link to details >

6/23/2021

Project management services firm Versar (Springfield, VA) acquired the Environmental Services Business Unit of Black & Veatch (Overland Park, KS) (ENR# 13). The acquisition will strengthen Versar's Environmental Services Group by enhancing its capabilities within environmental remediation and site restorations. Link to details >

6/18/2021

Alliance Technical Group (Decatur, AL) completed its 12th add-on acquisition with the purchase of Air Measurement Services (Camarillo, CA), a provider of stack testing services to clients in California and the Western United States. Link to details >

6/17/2021

Environmental services firm Montrose Environmental Group (Irvine, CA) acquired Vista Analytical Laboratory (Dorado Hills, CA), an environmental laboratory for the testing and analysis of polyfluoroalkyl substances (PFAS), dioxins, and other persistent organic pollutants. Link to details >

6/19/2021

Milestone Design Group (Louisville, KY), an engineering, planning, and land surveying firm, acquired E.R. Gray & Associates (Columbus, IN), a surveying and land development services firm. Link to details >

6/18/2021

Environmental and engineering firm Anchor QEA (Seattle, WA) acquired FreshWater Engineering (Madison, WI), an engineering firm specialized in water resources engineering, waterway restoration, sustainable stormwater management, and coastal engineering. Link to details >

6/22/2021

Private equity firm Godspeed Capital (Washington D.C) acquired architecture, engineering, and surveying firm Austin Brockenbrough & Associates (Richmond, VA). The newly acquired company will join Godspeed Capital’s existing portfolio company Prime Engineering (Atlanta, GA) under a newly formed engineering and consulting services growth platform called Prime ABA. 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 rate expires June 30 >

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 >

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303-656-6151 or

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Jeff Lookup, CM&AA, Principal Consultant, at 585-738-0667 or

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Brendon Cussio, Principal Consultant, at 720-309-0704 or

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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.

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