M&A Update – U.S. M&A up 34%; Eight domestic deals

377 U.S. DEALS

LATEST 12 MONTHS

34%

551* GLOBAL DEALS

LATESTS 12 MONTHS

34%

*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 34%; Eight domestic deals

COMMENTARY & INSIGHT

U.S. M&A is up 34% year-over-year. 2021 is on track to be the most active year ever for industry consolidation. Join the Morrissey Goodale team this October in Houston, TX, for the 7th Texas M&A Symposium and connect with over 100 buyers, sellers, and investors from around the country while learning about M&A best practices and trends – including the most current deal pricing metrics.

DOMESTIC TRANSACTIONS

7/29/2021

Fast-growing Universal Engineering Sciences (UES) (Orlando, FL) (ENR #85) announced that BDT Capital Partners (Chicago, IL) has entered into an agreement to make a significant strategic investment in the company through an affiliated fund. BDT will become the majority shareholder of UES. Link to details >

7/23/2021

Engineering, architecture, and land surveying firm Abonmarche Consultants (Benton Harbor, MI) acquired engineering and surveying firm Milanowski & Englert (Grand Haven, MI). Link to details >

7/20/2021

ENR's #17 ranked global design firm, Mott MacDonald (Croydon, UK), acquired The Kercher Group (Newark, DE), a firm specializing in transportation asset management and engineering with extensive expertise in pavement, bridge, and maintenance management. Link to details >

7/21/2021

In the firm's second deal announcement of the week, Mott MacDonald (Croydon, UK) continued its U.S. expansion through the acquisition of Pacific Groundwater Group (Seattle, WA), a hydrogeology, groundwater/surface water interactions, modeling, soil, sediment, water chemistry, and regulatory strategy services firm. Link to details >

7/28/2021

PHASE Associates (Livingston, NJ), an environmental, health, and safety (EHS) services provider, acquired the assets of Atlantic Environmental (Dover, NJ), a consulting firm with expertise in EHS solutions. Link to details >

7/23/2021

Third-party testing and inspection services firm Quality Built (Fort Lauderdale, FL) announced the acquisitions of DuctTesters (Ripon, CA), a sustainability, engineering, testing, and inspection services provider, and SkyeTec Engineering (Jacksonville, FL), an MEP inspection services firm. Link to details >

7/23/2021

RL Property Management (Columbus, OH), a full-service residential property management firm, acquired Criterium-Liszkay Engineers (Gahanna, OH), an engineering firm specialized in home and building inspections. Link to details >

GLOBAL TRANSACTIONS

7/27/2021

Commercial real estate services firm CBRE (Los Angeles, CA) announced a definitive agreement to acquire a 60% ownership interest in and enter into a strategic partnership with ENR's #7 ranked construction management-for-fee firm Turner & Townsend (Leeds, UK). Link to details >

7/27/2021

Industry icon Tetra Tech (Pasadena, CA) (ENR #4) acquired Hoare Lea (London, UK), a consultancy provider of mechanical, electrical, and public health engineering, environmental, and sustainability services. Link to details >

7/20/2021

International consulting firm AHT GROUP (Essen, Germany) announced the transfer of ownership from RSBG Infrastructure & Technologies (Essen, Germany) to ENR's #64 ranked global design firm Dorsch Holding (Frankfurt, Germany). Link to details >

7/8/2021

Oakville Enterprises Corporation (Oakville, Canada), a provider of energy and infrastructure solutions, completed the acquisition of DPM Energy (Vaughan, Canada), an engineering firm that offers electrical power grid and distribution design, installation, and utility rehabilitation services. Link to details >

7/23/2021

Gateley Vinden (Bolton, UK), a multi-disciplinary quantity surveying firm, acquired the business and assets of Tozer Gallagher (Manchester, UK), a surveying and construction services firm. Link to details >

7/27/2021

APEM (Manchester, UK), an environmental firm focused on freshwater and marine ecology and aerial surveys, acquired Woodrow (Ballisodare, Ireland), an environmental consulting firm that provides ecology, energy, sustainable construction, environmental education, and training. 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.

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