M&A Update – Bowman doubles down in TX; Six deals to close out 2021

414 U.S. DEALS

LATEST 12 MONTHS

32%

624* GLOBAL DEALS

LATEST 12 MONTHS

45%

*Including U.S. deals

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

M&A Update – Bowman doubles down in TX; Six deals to close out 2021

HIGHLIGHTED TRANSACTION

DEC 2021: Fast-growing Bowman Consulting Group (Reston, VA) (ENR #144) entered into a definitive purchase agreement to acquire civil engineering firm Terra Associates (Houston, TX). The transaction, scheduled to close on December 31, 2021, will make Bowman the second most prolific acquirer of U.S. design firms in 2021 with eight deals. Link to details >

Morrissey Goodale initiated the transaction and advised Terra Associates >

COMMENTARY & INSIGHT

It's been a record year for industry M&A. Keep an eye out this January for our M&A Year-in-Review and forecast for 2022. All of us here at Morrissey Goodale wish you and yours a safe and very happy New Year.

DOMESTIC TRANSACTIONS

12/23/2021

In the firm's second announcement in as many weeks, Bowman Consulting Group (Reston, VA) (ENR #144) acquired 1519 Surveying, LLC (Waco, TX), a firm delivering a variety of engineering and survey solutions to a diverse base of private and public sector clients across Texas. Link to details >

12/30/2021

Industry leader NV5 (Hollywood, FL) (ENR #27) announced its intent to acquire Optimal Energy, Inc. (Hinesburg, VT) with a close date before December 31st. Optimal is an energy efficiency firm providing a full range of consulting services to government agencies, utilities, regulatory bodies, and state energy advisory councils. Link to details >

GLOBAL TRANSACTIONS

12/28/2021

NV5 (Hollywood, FL) (ENR #27) acquired AT Advanced Technologies (Singapore), an international consulting firm providing commissioning management and engineering services for high tech facilities and data centers. Link to details >

12/24/2021

Babcock International Group (London, UK) completed the sale of its Power business, which provides engineering services to the UK overhead line electric transmission and distribution industry, to M Group Services (Stevenage, UK). Link to details >

12/22/2021

Rimkus Consulting Group (Houston, TX), a forensic engineering and technical consulting services firm, acquired Capital Consulting Group (London, UK), a global consultancy of delay, quantum, and technical experts advising the insurance and construction industries. Link to details >

UPCOMING EVENTS

JAN 19-20, 2022

SOUTHEAST STATES M&A SYMPOSIUM

Miami, FL

THE destination event for AE industry executives and investors. Due to overwhelming demand we've had to increase capacity not once, but twice!

Registration closed: Join waitlist >

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 mmorrissey@morrisseygoodale.com.

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, Vice President, at 585-738-0667 or

Email Jeff Lookup >

Brendon Cussio, Vice President, at 720-309-0704 or

Email Brendon Cussio >

Jon Escobar, CM&AA, Vice President, 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, Vice President, 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 >

Engineering Influence Podcast - M&A UPDATE FOR THE DESIGN INDUSTRY

M&A activity in the engineering industry is at an all-time high. Jon Escobar, of the Morrissey Goodale M&A team, visits the Engineering Influence podcast to discuss the trends and causes and to offer his thoughts on what the future holds.

Click here to listen.

Congratulations to the over 130 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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