M&A Update – U.S. M&A up 30%; Private equity leading the charge

370 U.S. DEALS

LATEST 12 MONTHS

30%

538* GLOBAL DEALS

LATESTS 12 MONTHS

30%

*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 up 30%; Private equity leading the charge

COMMENTARY & INSIGHT

This week we lead with six new deals backed by private equity (PE). PE and Family Offices now account for a jaw-dropping 36% of all U.S. deals year-to-date. The industry is recapitalizing in real time. To learn more about what the great recapitalization of the A/E industry means for buyers, sellers, and investors, join us and over 100 CEOs, deal-makers, and M&A experts in Houston, TX, this October for the 7th Texas M&A Symposium.

DOMESTIC TRANSACTIONS

7/20/2021

Morgan Stanley Capital Partners (New York, NY) acquired a controlling interest in Alliance Technical Group (Decatur, AL), a provider of regulatory-driven air quality testing and monitoring solutions, from Align Capital Partners (Dallas, TX). Link to details >

7/22/2021

In the firm's first add-on under new ownership, Alliance Technical Group (Decatur, AL) acquired Ambient Air Services (Starke, FL), a stack testing, ambient air monitoring, and CEMS installation and maintenance services provider. Link to details >

7/16/2021

Therma Holdings (San Jose, CA), an MEP and control services firm backed by Blackstone (New York, NY), entered into agreements to acquire two engineering and energy services companies: CMTA (Louisville, KY) (ENR #240) and Building Systems Holdings (Des Moines, IA). Link to details >

7/19/2021

ENR's #80 ranked environmental firm, HEPACO (Charlotte, NC), acquired hazardous waste and emergency response consulting firm Environmental Management Alternatives (St. Louis, MO). HEPACO is majority-owned by Gryphon Investors (San Francisco, CA). Link to details >

7/20/2021

Sun Capital Partners (Boca Raton, FL) announced that an affiliate completed the acquisition of Environmental Infrastructure Solutions (Fort Worth, TX) from O2 Investment Partners (Bloomfield Hills, MI). Link to details >

7/14/2021

Global design firm Perkins Eastman (New York, NY) (ENR #67) merged with architecture and urban planning firm VIA Architecture (Seattle, WA). The deal marks the third transaction announced by Perkins Eastman this year. Link to details >

7/16/2021

Horizon Engineering Group (Maitland, FL), a specialist in roadway, transportation design, structural design, and stormwater management, joined design firm Greenman-Pedersen, Inc. (GPI) (Babylon, NY) (ENR #64). Link to details >

7/20/2021

S&B Engineers and Constructors (Houston, TX) (ENR #44) acquired majority ownership of Bibb Engineers, Architects & Constructors (Kansas City, MO), a civil, structural, mechanical, electrical, and controls services firm. Link to details >

7/20/2021

Lerch Bates (Englewood, CO), a technology consulting firm specialized in elevator and escalator design services, acquired AXIS Facades USA (San Diego, CA), a specialty provider of building façade design and construction services. Link to details >

GLOBAL TRANSACTIONS

7/15/2021

Infrastructure services firm M Group Services (Stevenage, UK) acquired Waldon Telecom (West Byfleet, UK), a wireless telecom infrastructure services provider. Link to details >

7/19/2021

Caltech Surveys (Calgary, Canada), a land surveying firm focused on the oil & gas industry, acquired Prairie Benchmark Land Surveys (Brandon, Canada), a land surveying, GIS, and geospatial services firm. Link to details >

7/20/2021

Engineering and design firm Multiconsult (Oslo, Norway) entered into an agreement to purchase 100% of the shares of Erichsen & Horgen (Oslo, Norway), an engineering consultancy with expertise in buildings construction, HVAC, energy, environmental, and sustainability. 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

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!

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