Business of Engineering

Weekly merger, acquisition, deal update: May 8, 2020

This week Morrissey Goodale reported seven deals in the U.S. involving companies from South Dakota, Alaska, Florida, Nevada, Ohio, Texas, Illinois and Arizona.

By Morrissey Goodale May 8, 2020
Courtesy: Morrissey Goodale

This week Morrissey Goodale reported seven deals in the U.S. involving companies from South Dakota, Alaska, Florida, Nevada, Ohio, Texas, Illinois and Arizona.

M&A Transactions

5/8/2020

RESPEC (Rapid City, SD), a leading North American specialist in mining, energy, water, environment, and technology acquired PDC Engineers (Fairbanks, AK). The merger of these two 100% ESOP firms creates a unique $80 million innovative business. Link to details

5/6/2020

Nova Geotechnical & Inspection Services (Las Vegas, NV) joined Universal Engineering Sciences (Orlando, FL) (ENR #175), a move that initiates the westward expansion of UES. This deal is the third equity investment made by UES through its relationship with Palm Beach Capital (West Palm Beach, FL). Link to details

5/5/2020

Anser Advisory (Orlando, FL), ENR’s #25 program management and #47 construction management-for-fee firm, acquired H.R. Gray (Columbus, OH), an owner’s representative, construction management, and dispute resolution firm. Link to details

5/1/2020

Infrastructure engineering firm Volkert (ENR #95) acquired Bolt Underwater Services (St. Petersburg, FL), expanding its underwater diving bridge inspection services. Link to details

5/5/2020

Project Management Advisors (Chicago, IL) acquired American Realty Project Management (Austin, TX), a full-service construction project management firm. Link to details

5/1/2020

Energy services company Veregy (Phoenix, AZ) acquired Four Star Fabricators and Service Company (Bells, TX) and Four Star Mechanical (Savoy, TX). The transactions mark the seventh and eighth acquisitions under the Veregy platform. Link to details


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