M&A Update: AG&E expands to TN plus eight other domestic deals

Commentary & Insight

This week we report on nine new domestic deals in total with transactions announced in TN, CO, WI, TX, GA, OH, WA, MA, and DE. The pace of consolidation continues to slow down from what it was in 2022. To understand why – and what this means for buyers, sellers, and investors – join over 200 industry executives and investors in Miami next month for the Southeast M&A, Strategy, and Innovation Symposium. But hurry, registration closes next week, and we will be moving to a waitlist situation.

Domestic Transactions

2/21/2023
NV5 (Hollywood, FL) (ENR #24) acquired Diversified Consulting Solutions (Denver, CO), an owner representation consulting firm serving municipalities and the K-12 and higher education markets. Link to details >

2/23/2023
In its second deal of the week, NV5 (Hollywood, FL) (ENR #24) acquired Axim Geospatial (Sun Prairie, WI), a geographic information system (GIS), geospatial survey, and mapping services firm. Link to details >

2/20/2023
ENR’s #48 ranked environmental firm, Geosyntec (Boca Raton, FL), acquired Geoscience Earth and Marine Services (Houston, TX), a marine geology, archaeology, and geotechnical engineering firm. Link to details >

2/21/2023
Engineering, planning, and construction firm KCI (Sparks, MD) (ENR #48) acquired Armeni Consulting Service (Suwanee, GA), a firm that offers estimating, scheduling, and constructability analysis for all types of bridges and heavy-civil infrastructure projects. Link to details >

2/21/2023
Plus Group (Cincinnati, OH), a group of companies offering design and engineering services to the pharmaceutical, food and beverage, agribusiness, chemical, consumer products, and renewable fuel sectors, joined fast-growing facilities planning and design firm Salas O’Brien (Santa Ana, CA) (ENR #78). Link to details >

2/22/2023
Provider of technology-enabled laboratory testing, inspection, and quality management services, RMA Group (Rancho Cucamonga, CA) (ENR #182), acquired GeoTest Services (Bellingham, WA), a geotechnical, environmental, materials testing, specialty inspection, and building science services firm. Link to details >

2/22/2023
Sequoia Consulting Group (San Diego, CA), a firm that offers technical and full life-cycle services to pharmaceutical and biotechnology clients, acquired 42 North Solutions (Scituate, MA), a firm that specializes in capital project execution and management, facilities engineering, and process engineering for the pharmaceutical and biotechnology sector. 
Link to details >

2/10/2023
Architecture, engineering, and surveying firm Davis, Bowen & Friedel (Salisbury, MD) acquired environmental sciences firm Environmental Resources (Selbyville, DE). Link to details >

Global Transactions

2/6/2023
Leader in architectural design and ENR’s #30 ranked global design firm, Egis (Guyancourt, France), acquired Italrom (Bucharest, Romania), a firm that offers structural engineering, underground and tunnelling engineering, and geotechnical services. Link to details >

2/16/2023
ENR’s #18 ranked global design firm, AFRY (Stockholm, Sweden), acquired BLIX Consultancy (Utrecht, The Netherlands), a firm that specializes in renewable energy solutions in the wind energy industry. Link to details >

2/22/2023
ENR’s #31 ranked global design firm, Hatch (Mississauga, Canada), strengthened its coastal and maritime expertise with the addition of Wavelength (Fremantle, Australia), an engineering firm with extensive experience in the maritime, coastal, and energy sectors. Link to details >

2/16/2023
Jensen Hughes (Baltimore, MD) (ENR #80), a global leader in safety, security, and risk-based engineering and consulting services, acquired Brandgruppen (Taastrup, Denmark), a specialist in fire engineering. Link to details >

2/21/2023
ENR’s #60 ranked global design firm, Royal HaskoningDHV (Amersfoort, The Netherlands), acquired a minority share in architecture and engineering company Studio IN-EX (Budapest, Hungary). Link to details >

2/22/2023
Cost consulting and project control firm Marshall & Murray (London, Canada) joined BTY (Vancouver, Canada), a specialist in PM/CM, infrastructure advisory, and environmental impact assessments. Link to details >