M&A Update – U.S. M&A surpasses 350 deals; No slowdown in sight

399 U.S. DEALS

LATEST 12 MONTHS

28%

594* 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 – U.S. M&A surpasses 350 deals; No slowdown in sight

COMMENTARY & INSIGHT

U.S. M&A is up 28%. 2021 is already the most active year of deal-making on record with more than 350 reported transactions. To learn more about the drivers and trends defining how the industry is consolidating, join us for the Southeast States M&A Symposium in Miami, FL on January 19-20, 2022. Connect with buyers, sellers, and investors from the Southeast and around the nation, and learn about the A/E M&A market and current deal prices.

Early bird registration expires TONIGHT! >

DOMESTIC TRANSACTIONS

11/1/2021

Industry leader Jacobs (Dallas, TX) (ENR #1) entered into a definitive agreement to acquire BlackLynx (Rockville, MD), a provider of high-performance software, to complement Jacobs' portfolio of cyber, intelligence, and digital solutions. Link to details >

11/4/2021

Mining, energy, water, environment, and technology consulting firm RESPEC (Rapid City, SD) acquired electrical engineering firm Haight & Associates (HAI) (Juneau, Alaska). The HAI/RESPEC partnership brings together a complete team of engineering disciplines to Juneau and the southeast coast of Alaska. Link to details >

11/4/2021

The A/E industry's most prolific buyer J.S. Held (Jericho, NY) acquired substantially all of the assets of Environmental Profiles (Columbia, MD), an environmental, health, and safety consulting firm with offices in Maryland and North Carolina. Link to details >

11/4/2021

ENR's #44 ranked environmental firm, Montrose Environmental Group (North Little Rock, AR), acquired Horizon Water and Environment (Oakland, CA), an environmental consulting firm specializing in planning, watershed science, and environmental compliance. Link to details >

11/1/2021

Multi-disciplined professional consulting and design firm H2M architects + engineers (Melville, NY) (ENR #208) acquired Dennis Noskin Architects (Tarrytown, NY), an architectural, interior design, and space planning services firm. Link to details >

11/1/2021

Architecture firm Watson Tate Savory (Columbia, SC) joined architecture, planning, and interior design firm McMillan Pazdan Smith (Greenville, SC) (ENR #277), in a merger that was finalized on October 31. Link to details >

11/2/2021

Private equity investment firm Blackford Capital (Grand Rapids, MI) acquired ID Collaborative (Greensboro, NC), an interior design firm that focuses on the senior living, medical office, and continuing care markets. Link to details >

11/1/2021

Engineering and environmental firm Deuchler Engineering (Aurora, IL) joined environmental and engineering firm Fehr Graham (Freeport, IL), strengthening the firm's water and wastewater, structural, environmental regulation, compliance, assessment, and remediation services. Link to details >

11/2/2021

Bennett & Pless (Atlanta, GA) joined forces with Zabik Turner Engineering (Winter Garden, FL), a structural engineering firm that specializes in cold-formed steel framing, exterior facades, office buildings, hotels, and storage buildings. Link to details >

11/2/2021

Divney Tung Schwalbe (White Plains, NY), a planning, civil engineering, and landscape architecture firm, and Provident Design Engineering (Hawthorne, NY), a traffic, transportation, and civil engineering firm, merged, forming DTS Provident Design Engineering (White Plains, NY). Link to details >

11/2/2021

Private equity firm Evolution Capital Partners (Cleveland, OH) made a growth investment in LEW Corporation (Mine Hill, NJ), a firm that offers environmental inspection, testing, and remediation services. Link to details >

10/21/2021

Ransom Consulting (Newbury, MA), an engineering and environmental firm, acquired Civalier Engineering & Surveying (Wenonah, NJ), a civil engineering and surveying services firm. Link to details >

GLOBAL TRANSACTIONS

11/3/2021

ENR's #12 ranked global design firm, Stantec (Edmonton, Canada), acquired Driven by Values (Eindhoven, Netherlands), a firm that specializes in sustainable energy generation, building design, energy infrastructure upgrades, sustainable district heating networks, and e-mobility. Link to details >

11/1/2021

Architecture, interior design, and engineering firm DIALOG (Calgary, Canada) merged with NXL Architects (Toronto, Canada), a leader in the planning and designing of laboratories and complex-process facilities for science, technology, and clean industry. Link to details >

10/28/2021

Venterra Group (Sheffield, UK), a firm that provides engineering, construction, and operations services to the offshore wind industry, acquired three businesses: Gavin & Doherty Geosolutions (Dublin, Ireland), Osbit (Northumberland, UK), and FoundOcean (Livingston, UK). Link to details >

UPCOMING EVENTS

JAN 19-20, 2022

SOUTHEAST STATES M&A SYMPOSIUM

Miami, FL

Reserve your cabana in sunny Miami this January. And while you're there learn all about A/E industry M&A and network with prospective buyers, sellers and investors!

Early Bird Registration expires Nov 5 >

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 >

WHO IS THE LEADING M&A ADVISOR SERVING THE TEXAS A/E 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, 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

(The most downloaded 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.

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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