478 U.S. DEALS
LATEST 12 MONTHS

0%

776* GLOBAL DEALS
LATEST 12 MONTHS

6%

*Including U.S. deals    
Percentages represent latest twelve months year-over-year increase or decrease in deal activity.


10/7/2025 
WSB (Minneapolis, MN) (ENR #109), one of the nation’s leading infrastructure engineering consulting firms, acquired CAS Consulting & Services (Austin, TX), a civil engineering firm with specialized expertise in water, wastewater, and water resources engineering, as well as transportation engineering and program and construction management. Morrissey Goodale initiated the transaction and advised WSB. 
Learn more >


10/8/2025 
OAC Services (Seattle, WA), a design and construction performance management firm, joined Consertus (Miami, FL), a global capital program management and advisory firm that provides innovative digital, consulting, and project delivery solutions powering successful capital programs worldwide. Morrissey Goodale advised OAC Services in the transaction. 
Learn more >

Commentary & Insight

This week sees the announcements of 21 U.S. transactions, including three deals in Texas. Additional domestic deals were reported in FL, CA, MO, IL, NY, CT, CO, GA, NC, Washington, D.C., and Puerto Rico. Overseas, three transactions were announced in Finland, Canada, and Austria.

Domestic Transactions

10/9/2025
Full-service engineering, design, consulting, and PM/CM firm CHA (Albany, NY) (ENR #63) acquired Steger & Bizzell Engineering (Georgetown, TX), a civil engineering firm that offers water and wastewater, land development, and surveying services. Link to details >

10/6/2025
Environmental firm Erthwrks (Austin, TX) expanded its platform with a strategic investment in B.enviroSAFE (BAIR) (Carrollton, TX), an air quality consulting and services firm with experience in the oil & gas, industrial, petrochemical, and industrial markets. Link to details >

9/30/2025
ENR’s #29 ranked global design firm, GHD (Sydney, Australia), acquired A.D.A. Engineering (Doral, FL), a firm specialized in stormwater, water and sewer infrastructure, transportation corridors, and emergency response. Link to details >

10/6/2025
Industry leader and fast-growing firm, and one of our 10 Movers and Shakers to Watch in 2025Bowman Consulting Group (Reston, VA) (ENR #72) acquired the assets of Sierra Overhead Analytics (Sonora, CA), a technology-centric civil design, precision mapping, and hydrology services firm. Link to details >

10/8/2025
Another of our 10 Movers and Shakers to Watch in 2025Verdantas (Tampa, FL) (ENR #81), acquired Colibri Ecological Consulting (Fresno, CA), a firm focused on ecological planning, regulatory permitting, and field surveys. Link to details >

9/18/2025
Survey, planning, engineering, and environmental firm Lochmueller Group (Evansville, IN) (ENR #355) acquired Archaeological Research Center (ARC) (St. Louis, MO), a firm with extensive experience in architectural surveys, prehistoric and historic archaeology, and cultural resource management. Link to details >

10/6/2025
Architecture, engineering, and construction administration firm GMB (Holland, MI) (ENR #493) acquired Richard L. Johnson Associates (Rockford, IL), an architecture firm serving the educational, municipal, and commercial markets. Link to details >

10/8/2025
Consertus (Miami, FL) launched a platform that integrates digital innovation, expert consulting, and comprehensive project delivery services. Along with OAC Services, Consertus acquired nine other consulting firms: Acumenian (Plantation, FL), Anchor Enterprises (Orlando, FL), Cotter Consulting (Chicago, IL), CPM (Guaynabo, Puerto Rico), Enstoa (New York, NY), KKCS (El Segundo, CA), Saybrook Associates (Centerbrook, CT), Waycode (San Juan, Puerto Rico), and The Wells Partnership (Denver, CO). Link to details >

10/6/2025
Design firm Arcturis (St. Louis, MO) acquired Square Feet Studio (Atlanta, GA), an architecture, interiors, and urban placemaking practice. Link to details >

10/7/2025
KGD Architecture (Washington, D.C.), a multidisciplinary, full-service architecture and design firm, entered into a strategic partnership with Signal Hill Equity Partners (Toronto, Canada). Link to details >

10/2/2025
Alpine Intel (Charlotte, NC), a firm that offers forensic investigation and insurance intelligence services, acquired HMI (Cary, NC), a technology and standards-driven platform that delivers data regarding outdoor property losses. Link to details >

Global Transactions

10/7/2025
ENR’s #15 ranked global design firm, Sweco (Stockholm, Sweden), signed an agreement to acquire Fimpec Group (Helsinki, Finland), a project management and engineering firm specializing in renewable energy, hydrogen, bio- and circular economy, forest industry, and batteries and critical minerals. Link to details >

10/7/2025
PRI Engineering (Lindsay, Canada), a geotechnical and environmental engineering services firm, acquired Ecora (Kelowna, Canada), a multi-disciplinary engineering firm specializing in geotechnical, civil, structural, hydrotechnical, materials, forestry, and GIS services. Link to details >

10/7/2025
SPIE (Cergy, France), a multi-technical services firm focused in the areas of energy and communications, signed an agreement for the acquisition of ECOexperts Automation (Lebring, Austria), a specialized systems integrator for tunnel and traffic management. Link to details >

October 7-9, 2026 | Houston, TX

M&A and Capitalization Symposium

Learn and network with over 100 AE and environmental consulting industry executives, investors and experts in the most exciting city in the United States.

The Morrissey Goodale
Word on the Street
PODCAST

Hosted by: Mick Morrissey and Mark Goodale

This dynamic podcast brings the insights, sharp commentary, and thought-provoking analysis you’ve come to expect from Morrissey Goodale’s acclaimed Word on the Street weekly publication. Be the first to hear new episodes!

Weekly real-time market and industry intelligence from Morrissey Goodale.

Read Newsletter

The AE industry’s weekly go-to source for the latest information on M&A deals and trends.

Read Newsletter

Bringing you snapshots of key market sectors, business management ideas, and must-know information for managing and leading your firm.

Read Newsletter

Brining you new ideas for impacting people performance including the latest on company culture, work-life balance, time management, developing next-generation leaders, and new management ideas being implemented in other industries.

Read Newsletter

A guide to help you better understand how AE firms are valued and – perhaps more importantly – what you can do to build value now.

Read Newsletter

Overviews on what industry consolidation means and forecasts for where activity, deals, and pricing is headed.

Read Newsletter

At-a-glance snapshots of key market indicators in various market sectors and geographies.

Read Newsletter

Achieve goals and outcomes and reshape your future!

Purchase Today!

Subscribe to our Newsletters

Stay up-to-date in real-time.