Salas O’Brien to acquire PCI Skanska; U.S. M&A up 24%

Commentary & Insight

Salas O’Brien’s agreement to acquire PCI Skanska (ENR #474) marks the eleventh ENR Top 500 design firm to be sold or recapitalized this year. Ten of these eleven transactions have been completed by private equity (PE) or family office-backed buyers. Learn what’s driving this recapitalization of the industry and meet the dealmakers at our Texas M&A Symposium this October in Houston.

Domestic Transactions

6/23/2021
Industry-leading facilities planning and design firm Salas O’Brien (Santa Ana, CA) (ENR #118) has agreed to acquire PCI Skanska (Evansville, IN) (ENR# 474) from ENR’s #9 ranked top contractor Skanska USA (New York, NY). 
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6/23/2021
Project management services firm Versar (Springfield, VA) acquired the Environmental Services Business Unit of Black & Veatch (Overland Park, KS) (ENR# 13). The acquisition will strengthen Versar’s Environmental Services Group by enhancing its capabilities within environmental remediation and site restorations. 
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6/18/2021
Alliance Technical Group (Decatur, AL) completed its 12th add-on acquisition with the purchase of Air Measurement Services (Camarillo, CA), a provider of stack testing services to clients in California and the Western United States. 
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6/17/2021
Environmental services firm Montrose Environmental Group (Irvine, CA) acquired Vista Analytical Laboratory (Dorado Hills, CA), an environmental laboratory for the testing and analysis of polyfluoroalkyl substances (PFAS), dioxins, and other persistent organic pollutants. 
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6/19/2021
Milestone Design Group (Louisville, KY), an engineering, planning, and land surveying firm, acquired E.R. Gray & Associates (Columbus, IN), a surveying and land development services firm. 
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6/18/2021
Environmental and engineering firm Anchor QEA (Seattle, WA) acquired FreshWater Engineering (Madison, WI), an engineering firm specialized in water resources engineering, waterway restoration, sustainable stormwater management, and coastal engineering. 
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6/22/2021
Private equity firm Godspeed Capital (Washington D.C) acquired architecture, engineering, and surveying firm Austin Brockenbrough & Associates (Richmond, VA). The newly acquired company will join Godspeed Capital’s existing portfolio company Prime Engineering (Atlanta, GA) under a newly formed engineering and consulting services growth platform called Prime ABA. 
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