M&A Update – Headline deals in OK and CA; U.S. M&A up 31%

409 U.S. DEALS

LATEST 12 MONTHS

31%

613* GLOBAL DEALS

LATEST 12 MONTHS

44%

*Including U.S. deals

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

M&A Update – Headline deals in OK and CA; U.S. M&A up 31%

HIGHLIGHTED TRANSACTION #1

NOV 2021: Larson Design Group (Williamsport, PA) (ENR #287), a national architecture, engineering, and professional consulting firm, announced that LWPB (Oklahoma City, OK), an architecture and interior design firm, will join its team as a subsidiary, effective January 2022. Link to details >

Morrissey Goodale advised Larson Design Group >

HIGHLIGHTED TRANSACTION #2

NOV 2021: Public infrastructure construction management firm Wallace & Associates (Murrieta, CA) joined ENR's #31 ranked construction management-for-fee firm, Anser Advisory (Santa Ana, CA), expanding Anser's water and wastewater consulting capabilities.

Link to details >

Morrissey Goodale initiated the transaction and advised Wallace & Associates >

DOMESTIC TRANSACTIONS

11/17/2021

In the firm's second deal announcement of the week, Anser Advisory (Santa Ana, CA), acquired Government Services Group (Tallahassee, FL), a firm that focuses on water and wastewater management, financial management consulting, and special assessment and support. Link to details >

11/16/2021

Kleinfelder (San Diego, CA) (ENR #46) continued its rapid growth through the acquisition of multi-disciplinary engineering firm Century Engineering (Hunt Valley, MD) (ENR #186). The deal marks the 25th ENR Top 500 design firm to be acquired or recapitalized this year. Link to details >

11/16/2021

ENR's #16 ranked construction management-for-fee firm, Cumming (Los Angeles, CA), partnered with investment management firm New Mountain Capital (New York, NY). Tailwind Capital Group (New York, NY), which acquired Cumming in 2016, will remain a partner and shareholder going forward. Link to details >

11/16/2021

The A/E industry's most prolific buyer, J.S. Held (Jericho, NY), acquired ColoneyBell Engineering (Tallahassee, FL), a forensic engineering firm with specialized experience in accident reconstruction, roadway defects, maintenance of traffic, and construction defects. Link to details >

11/18/2021

In the firm's second deal announcement of the week, J.S. Held (Jericho, NY) acquired substantially all of the assets of IPFC (Houston, TX), a consulting firm that provides forensic accounting, economic, valuation, and expert consulting services.

Link to details >

11/16/2021

Employee-owned engineering and environmental services firm Shannon & Wilson (Seattle, WA) (ENR #234) announced its plans to acquire geotechnical engineering and materials testing services firm American Geotechnics (Boise, ID). Link to details >

11/17/2021

Design and consulting firm WSB (Minneapolis, MN) (ENR #185) acquired Peaks to Plains Design (Billings, MT), a landscape architecture, civil engineering, and planning services firm. Link to details >

11/11/2021

Land surveying firm DPK Consulting (Edison, NJ) acquired Geomatix (Pennington, NJ), a firm focused on drone services, remote sensing, and analytics for the environmental, civil engineering, commercial construction, and ecological markets. Link to details >

11/16/2021

Gaskins Surveying & Engineering (Marietta, GA) and LeCraw Engineering (Duluth, GA) are merging into Gaskins + LeCraw. The merger will create a full-service company offering survey, planning, and engineering capabilities. Link to details >

11/17/2021

Qualus Power Services (Cincinnati, OH), an electric power engineering and field services firm, acquired Phoenix Engineering Services (Tucker, GA), an engineering and testing service firm. Link to details >

11/18/2021

Architectural and planning firm Spiezle Architectural Group (Hamilton, NJ) acquired Donadio and Associates Architects (Vero Beach, FL), an architectural design firm that offers site planning and construction and project administration services. Link to details >

GLOBAL TRANSACTIONS

11/15/2021

Architecture and planning firm Ryder Architecture (Newcastle upon Tyne, UK) acquired Ward Robinson Design (Newcastle upon Tyne, UK), an interior design firm that serves the workplace, hospitality, residential, healthcare, education, and civic sectors.

Link to details >

11/18/2021

CIMA+ (Laval, Canada), an infrastructure, transportation, energy, and project management firm, acquired structural engineering firm Bogdonov Pao Associates (Vancouver, Canada). 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!

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, Principal Consultant, at 585-738-0667 or

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

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Jon Escobar, CM&AA, Consultant, at

224-577-8595 or

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Lisa Elster, Executive Recruiter, at

508-758-0191 or

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Leadership Training & Development

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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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