U.S. M&A up 30%; Private equity leading the charge

Commentary & Insight

This week we lead with six new deals backed by private equity (PE). PE and Family Offices now account for a jaw-dropping 36% of all U.S. deals year-to-date. The industry is recapitalizing in real time. To learn more about what the great recapitalization of the A/E industry means for buyers, sellers, and investors, join us and over 100 CEOs, deal-makers, and M&A experts in Houston, TX, this October for the 7th Texas M&A Symposium.

Domestic Transactions

7/20/2021
Morgan Stanley Capital Partners (New York, NY) acquired a controlling interest in Alliance Technical Group (Decatur, AL), a provider of regulatory-driven air quality testing and monitoring solutions, from Align Capital Partners (Dallas, TX). 
Link to details >

7/22/2021
In the firm’s first add-on under new ownership, Alliance Technical Group (Decatur, AL) acquired Ambient Air Services (Starke, FL), a stack testing, ambient air monitoring, and CEMS installation and maintenance services provider. 
Link to details > 

7/16/2021
Therma Holdings (San Jose, CA), an MEP and control services firm backed by Blackstone (New York, NY), entered into agreements to acquire two engineering and energy services companies: CMTA (Louisville, KY) (ENR #240) and Building Systems Holdings (Des Moines, IA). 
Link to details >

7/19/2021
ENR’s #80 ranked environmental firm, HEPACO (Charlotte, NC), acquired hazardous waste and emergency response consulting firm Environmental Management Alternatives (St. Louis, MO). HEPACO is majority-owned by Gryphon Investors (San Francisco, CA). 
Link to details >

7/20/2021
Sun Capital Partners (Boca Raton, FL) announced that an affiliate completed the acquisition of Environmental Infrastructure Solutions (Fort Worth, TX) from O2 Investment Partners (Bloomfield Hills, MI). 
Link to details >

7/14/2021
Global design firm Perkins Eastman (New York, NY) (ENR #67) merged with architecture and urban planning firm VIA Architecture (Seattle, WA). The deal marks the third transaction announced by Perkins Eastman this year. 
Link to details >

7/16/2021
Horizon Engineering Group (Maitland, FL), a specialist in roadway, transportation design, structural design, and stormwater management, joined design firm Greenman-Pedersen, Inc. (GPI) (Babylon, NY) (ENR #64). 
Link to details >

7/20/2021
S&B Engineers and Constructors (Houston, TX) (ENR #44) acquired majority ownership of Bibb Engineers, Architects & Constructors (Kansas City, MO), a civil, structural, mechanical, electrical, and controls services firm. 
Link to details >

7/20/2021
Lerch Bates (Englewood, CO), a technology consulting firm specialized in elevator and escalator design services, acquired AXIS Facades USA (San Diego, CA), a specialty provider of building façade design and construction services. 
Link to details >

Global Transactions

7/15/2021
Infrastructure services firm M Group Services (Stevenage, UK) acquired Waldon Telecom (West Byfleet, UK), a wireless telecom infrastructure services provider. 
Link to details >

7/19/2021
Caltech Surveys (Calgary, Canada), a land surveying firm focused on the oil & gas industry, acquired Prairie Benchmark Land Surveys (Brandon, Canada), a land surveying, GIS, and geospatial services firm. 
Link to details >

7/20/2021
Engineering and design firm Multiconsult (Oslo, Norway) entered into an agreement to purchase 100% of the shares of Erichsen & Horgen (Oslo, Norway), an engineering consultancy with expertise in buildings construction, HVAC, energy, environmental, and sustainability. 
Link to details >