M&A Update: Lochner expands into Colorado while STV exits the oil and gas market 

Commentary & Insight

It was a busy week for industry M&A. Not surprisingly a new deal was announced in the Southeast – one of the fastest consolidating regions in the U.S. Over the past decade, our Southeast M&A and Business Symposium has become the preferred venue for acquirers, investors, and potential sellers to network and learn. Early bird registration is now open for you to reserve your spot to network with 200 industry executives, investors, and experts in Miami this March. 

Domestic Transactions

11/27/2023 
Environmental firm Earth Systems (Lantana, FL) partnered with Bio-Tech Consulting (Orlando, FL), an environmental consulting firm focused on permitting, environmental assessments, wetlands mitigation, aquatic management, wildlife consulting, and land management. Link to details > 

11/27/2023 
Employee-owned engineering, environmental, and surveying consulting firm Haley Ward (Bangor, ME) acquired Dario Designs (Northborough, MA), an architectural and operational consulting firm serving the education, commercial, residential, and warehousing markets. Link to details > 

11/20/2023 
Engineering, environmental, and PM firm Raba Kistner (San Antonio, TX) (ENR #175), acquired the Dallas construction materials engineering and testing (CoMET) assets of Fugro (Dallas, TX). As part of the purchase agreement, Raba Kistner will assume operations of CoMET offices, lab equipment, and projects at Fugro’s former Grand Prairie location. Link to details > 

11/15/2023 
JL Architects (West Chester, PA) joined PM Design Group (Rocklin, CA), a full-service architecture and engineering firm that specializes in multi-site rollout programs in various industries including healthcare, office, and retail. Link to details > 

11/27/2023 
System One (Pittsburgh, PA), a provider of specialized, highly technical outsourced services, and workforce solutions, acquired KeyLogic (Morgantown, WV), a consulting and data management firm. KeyLogic will operate independently under GAP Solutions, a System One company. Link to details > 

11/29/2023 
ENR’s #81 ranked environmental firm, Trinity Consultants (Dallas, TX), acquired Longman Lindsey (New York, NY), an acoustical consulting firm with specialized expertise in the construction industry. Link to details > 

Global Transactions

11/20/2023 
Colliers International (Toronto, Canada) acquired Rise International (London, UK), a project and construction management services firm with experience in the commercial real estate, arts, culture, healthcare, education, residential, and data center sectors. Link to details > 

11/20/2023 
ENR’s #18 ranked global design firm, AFRY (Stockholm, Sweden), entered into an agreement to acquire SOM (Budaörs, Hungary). SOM consists of two nuclear safety consulting companies focused on the full lifespan of nuclear power plants, from design to waste management. Link to details >  

11/24/2023 
Multidisciplinary consultant and design firm Multiconsult ASA (Oslo, Norway) entered into an agreement to purchase 100% of the shares of T-2 Prosjekt Vest AS (Bergen, Norway), a project management firm serving the public sector. Link to details > 

11/21/2023 
Environmental consulting and services firm RSK Group (Helsby, UK) acquired Australia’s largest heritage management and archaeological firm, Extent Heritage (Pyrmont, Australia). Extent Heritage supports major transportation and utilities infrastructure and the offshore renewables industry. Link to details > 

11/23/2023 
In its second deal of the week, RSK Group (Helsby, UK) acquired DWD (London, UK), a property, valuation, and planning consulting firm operating in the commercial-industrial, residential, retail, education, infrastructure, energy, leisure and hospitality, minerals, waste, and charities and communities sectors. Link to details > 

11/28/2023 
PMKConsult (Dubai, UAE), a project and commercial management firm, acquired W. Hiles Partnership (Leamington Spa, UK), a specialist project and commercial management consulting firm. Link to details > 

11/23/2023 
mcCallumSather (Hamilton, Canada), an architecture, mechanical engineering, and interior design firm, entered into an agreement to acquire architecture firm Edge Architects (Kitchener, Canada). Link to details > 

11/21/2023 
Brownfield Solutions (Northwich, UK), a firm that provides site investigation, contaminated land, and risk assessment services, joined Celnor Group (Reading, UK), a group of companies that offer services in the testing, inspection, certification, and compliance (TICC) arena. Link to details >