Weekly merger, acquisition, deal update: May 16

This week Morrissey Goodale reported one deal in the U.S. involving companies from Idaho and New Jersey as well as the potential sale of Parsons Brinckerhoff.

05/16/2014


This week Morrissey Goodale reported one deal in the U.S. involving companies from Idaho and New Jersey as well as the potential sale of Parsons Brinckerhoff.

This week Morrissey Goodale reported one deal in the U.S. involving companies from Idaho and New Jersey as well as the potential sale of Parsons Brinckerhoff. Courtesy: Morrissey Goodale

M&A Transactions

5/14/2014

Global consulting engineering firm Power Engineers (Hailey, ID) has entered into an agreement to acquire Burns and Roe Enterprises (BRE) (Oradell, NJ), the power and energy engineering services subsidiary of Burns and Roe Group (BRG). Burns and Roe Services Corporation (BRSC), the operations and maintenance subsidiary of BRG, was not included in the transaction. The combined organization will focus on providing power and energy engineering services including fossil, nuclear and renewable technologies. Link to details

5/6/2014

In an interesting development (though not considered a deal for the purposes of this update), Balfour Beatty is considering a sale of Parsons Brinckerhoff only five years after acquiring them for the equivalent of $626 million, according to a recent article in ENR. Additionally, Balfour Beatty CEO Andrew McNaughton announced he is leaving the firm after taking on the CEO role in January 2013. According to the company, Steve Marshall will run the firm until a successor to McNaughton is found. Link to details



No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
Pump technology design: Selecting pumps and pipes; Class A office buildings; NFPA 101-2015; ASHRAE 90.1 updates; Motors, drives, and HVAC efficiency
Renewable power systems: Designing a net zero energy building; NFPA 37; Data center design; Lighting systems
Salary survey: How much are you worth?; Dedicated outdoor air systems; Energy models and lighting
Understanding transfer switch operation; Coordinating protective devices; Analyzing NEC 2014 changes; Cooling data centers
Designing positive-energy buildings; Ensuring power quality; Complying with NFPA 110; Minimizing arc flash hazards
Implementing microgrids: Controlling campus power generation; Understanding cogeneration systems; Evaluating UPS system efficiency; Driving data center PUE, efficiency
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.