M&A Update - Two ENR Top 500 firms transact; Seven other deals

304 U.S. DEALS

LATEST 12 MONTHS

430* GLOBAL DEALS

LATEST 12 MONTHS

10%

*Including U.S. deals

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

M&A Update - Two ENR Top 500 firms transact; Seven other deals

COMMMENTARY & INSIGHT

Last November we made our 21 Predictions for 2021. Prediction #14 was that the number of ENR Top 500 firms that would sell or recapitalize this year would double to twenty from the levels that were typically seen pre-pandemic. As of two months into the year, we are well on track to meet that prediction with announcements from UniversalPegasus (ENR #59), Aegion (ENR #70), Murraysmith (ENR #258) - and now ENERCON (ENR #87) and Ratio Design (ENR #347).

M&A TRANSACTIONS

2/23/2021

Private investment firm Hennick & Company (Toronto, Canada) completed a strategic partnership with RATIO Design (Indianapolis, IN) (ENR #347), an international design firm offering architecture, interior design, landscape architecture, urban design, and preservation services. Link to details >

2/2/2021

Private equity firm AE Industrial Partners (Boca Raton, FL) acquired ENERCON (Kennesaw, GA) (ENR #87), an engineering and environmental services firm focused on serving the energy and industrial markets. Link to details >

2/23/2021

ENR's #7 ranked global design firm, WSP (Montreal, Canada), acquired ENR's #195 ranked environmental firm Earth Consulting Group (Marietta, GA). The acquisition will strengthens WSP’s capabilities in strategic environmental engineering and consulting services, compliance, due diligence, and data management. Link to details >

2/22/2021

Industry leader NV5 (Hollywood, FL) (ENR #27) acquired TerraTech Engineers (Raleigh, NC), a geotechnical engineering, environmental consulting, and construction materials testing firm. Link to details >

2/22/2021

Koniag (Kodiak, AK), an Alaska Native regional corporation, acquired Great Northern Engineering (Palmer, AK), a civil, structural, electrical, mechanical, and instrumentation engineering firm. Link to details >

2/11/2021

REX Engineering Group (Naperville, IL) completed a merger with Edwards Construction Services (Ocala, FL) and Integrated Construction Company (Chicago, IL) and announced that the two companies will come together to form REX Construction Services (Ocala, FL). Link to details >

2/22/2021

Land surveying and site engineering firm Survey Solutions (Ipswich, UK) acquired Survey Systems (Manchester, UK) and Kempston Surveys (Bedfordshire, UK). The acquisitions increase Survey Solutions headcount to 160 people. Link to details >

2/19/2021

AqualisBraemar LOC (London, UK) entered into a definitive agreement to acquire East Point Geo (Norwich, UK), an independent geoscience consultancy providing support for major offshore and onshore engineering projects. Link to details >

UPCOMING EVENTS

MARCH 23, 2021

NEW REALITY: 2021 EDITION

Virtual Reality + Livestream Event

Join Mick Morrissey and Mark Goodale as they discuss the industry’s New Reality in 2021.

Read what CEOs had to say about our past VR events here >

MARCH 25, 2021

Q1 M&A SYMPOSIUM

Virtual Reality + Livestream Event

Join Mick Morrissey, Nick Belitz and Jon Escobar as they discuss M&A activity and trends, deal pricing and outlook for the rest of the year.

Read what CEOs had to say about our past VR events here >

JUNE 8-10, 2021

VR CEO CONFERENCE

Virtual Reality Event

Keep me updated >

This is NOT another webinar or Zoom "conference." This is fully immersive and interactive 3D VR with your peers! It’s the next best thing to being together!

Read what CEOs had to say about our past VR events here >

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:

John Kreiss, Principal Consultant, at

508-934-7207 or

Email John Kreiss >

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 >

CHALLENGES AND OPPORTUNITIES FOR ENGINEERING FIRMS IN 2021

Mark Goodale, Principal at Morrissey Goodale, visits the Engineering Influence podcast to discuss the current state of the engineering market, what firms can expect over the next year, and what steps they can take to prosper. 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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