Eight deals reported this week in the U.S. and abroad

Commentary & Insight

This week’s list of deals provides great insight into how employee-owned, publicly traded, and private equity-backed AEC firms alike all continue to rapidly globalize, consolidate, and recapitalize. You can be sure this will be a hot topic at our Q1 Virtual Reality CEO Week this January. Click here to sign up before registration closes on Monday!

M&A Transactions

12/7/2020
Industry leader Terracon (Olathe, KS) (ENR #22) acquired TAM Consultants (Williamsburg, VA), a professional services firm providing a full range of facilities engineering and design services to public and private sector clients. 
Link to details >

12/10/2020
AECOM (Los Angeles, CA) (ENR #2) announced the signing of a definitive agreement to sell its civil construction business to affiliates of Oroco Capital (Bethesda, MD). The transaction is expected to close in January 2021. 
Link to details >

12/7/2020
Iteris (Santa Ana, CA), a global provider of smart mobility infrastructure management solutions, acquired TrafficCast International (Madison, WI). TrafficCast provides travel information technology, applications, and content to media, mobile technology, automotive, and public sector customers throughout North America. 
Link to details >

12/7/2020
Procon Consulting (Arlington, VA), a full-service construction project management firm, acquired Lutz Engineering (Wilmington, DE), a mechanical engineering firm with expertise in commissioning, energy, and building automation services. 
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12/4/2020
Stephenson Engineering (Toronto, Canada), a structural engineering firm with expertise in high-rise buildings, healthcare, and transportation, joined industry-leading facilities planning and design firm Salas O’Brien (Santa Ana, CA) (ENR #147). 
Link to details >

12/4/2020
International development and construction company Skanska (Stockholm, Sweden) signed a binding Business Purchase Agreement for the divestment of its infrastructure services business in the UK to M Group Services (Stevenage, UK). 
Link to details >

12/2/2020
RED (London, UK), a global company providing building services and ICT engineering solutions, acquired multi-discipline engineering consultancy Callaghan Engineering (Dublin, Ireland). 
Link to details >

12/8/2020
Babbé McCathie Associates (St. Peter Port, Guernsey) merged with its Jersey-based partner T&G Structural Engineers (Saint Helier, Jersey) to create Guernsey’s largest structural and civil engineering company. 
Link to details >