Energy infrastructure is in focus as strategic and financial buyers invest in the AE industry

Commentary & Insight

The headline deal this week is Leidos’ definitive agreement to acquire ENTRUST from private equity firm Kohlberg. This move reflects a broader trend of strategic buyers targeting highly specialized platforms. Additionally, the Southeast continues to consolidate rapidly, with two new deals announced this week.

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Domestic Transactions

1/26/2026
ENR’s #46 ranked global design firm, Leidos (Reston, VA), signed a definitive agreement to acquire power and energy infrastructure firm ENTRUST (Warrenville, IL) (ENR #60) from Kohlberg (Mount Kisco, NY). Link to details >

1/28/2026
Engineering, architecture, and consulting firm Stratus Team (Coraopolis, PA) (ENR #214) acquired Stewart (Raleigh, NC) (ENR #498), an engineering, planning, landscape architecture, surveying, and design firm. Link to details >

1/29/2026
First Reserve (Stamford, CT) entered a strategic growth partnership with design and professional services firm WGI (West Palm Beach, FL) (ENR #190). Link to details >

1/29/2026
Engineering consulting firm RTM Engineering Consultants (Schaumburg, IL) (ENR #253) completed a strategic minority investment from MML Capital (London, UK). Link to details >

1/22/2026
Recipient of the 2024 M&A Best Post-Transaction Award, engineering, planning, and construction firm KCI (Sparks, MD) (ENR #53) acquired Daft McCune Walker (Towson, MD), a firm that offers civil engineering, environmental science, land planning, landscape architecture, and surveying services. Link to details >

1/22/2026
Industry icon and recipient of the 2024 M&A Best Post-Transaction Awards, Tetra Tech (Pasadena, CA) (ENR #3) acquired Halvik (Vienna, VA), a firm focused on advanced data analytics, systems modernization, and cybersecurity for U.S. defense and civilian agencies. Link to details >

1/23/2026
Control Point Associates (Warren, NJ), a firm specializing in land surveying and geospatial services, acquired Rouse-Sirine Associates (Virginia Beach, VA), a surveying and mapping services firm. Link to details >

1/20/2026
Architecture and interiors firm Mark Odom Studio (Austin, TX) joined architecture, interior design, and landscape architecture firm Cline (Raleigh, NC). Link to details >

Global Transactions

1/26/2026
Civil and structural engineering firm Quattro (Edinburgh, UK) joined Civic (Manchester, UK), a civil engineering firm that offers site planning, structural design, land development, and infrastructure services. Link to details >

1/27/2026
RESA Power (Houston, TX), a firm that offers power systems electrical testing, transformer services, and life extension solutions for power distribution equipment, acquired Société Générale d’Électrotechnique (Quebec City, Canada), a firm focused on mission-critical development and maintenance of electrical utilities infrastructure. Link to details >

1/27/2026
Well Engineering Partners (Hoogeveen, The Netherlands), a renewable energy firm serving the geothermal energy, oil & gas, and mining industries, acquired the operational and production-focused geothermal activities of Sproule ERCE (Hoogeveen, The Netherlands). Link to details >

1/27/2026
Geospatial services firm NGIS (Perth, Australia) joined CLS Group (Toulouse, France), a firm that provides environmental and climate monitoring, maritime security, energy, infrastructure, and sustainable fisheries management. Link to details >