Weekly merger and acquisition update: December 11, 2020

This week Morrissey Goodale reported four deals in the U.S. and four international deals involving companies from the U.S., Canada, the United Kingdom, Sweden, Ireland, Jersey and Guernsey.

By Morrissey Goodale December 11, 2020
Courtesy: Morrissey Goodale

This week Morrissey Goodale reported four deals in the U.S. and four international deals involving companies from the U.S., Canada, the United Kingdom, Sweden, Ireland, Jersey and Guernsey.

M&A TRANSACTIONS

12/7/2020

Industry leader Terracon (Olathe, KS) (ENR #22) acquired TAM Consultants (Williamsburg, VA), a professional services firm providing a full range of facilities engineering and design services to public and private sector clients. Link to details

12/10/2020

AECOM (Los Angeles, CA) (ENR #2) announced the signing of a definitive agreement to sell its civil construction business to affiliates of Oroco Capital (Bethesda, MD). The transaction is expected to close in January 2021. Link to details

12/7/2020

Iteris (Santa Ana, CA), a global provider of smart mobility infrastructure management solutions, acquired TrafficCast International (Madison, WI). TrafficCast provides travel information technology, applications, and content to media, mobile technology, automotive, and public sector customers throughout North America. Link to details

12/7/2020

Procon Consulting (Arlington, VA), a full-service construction project management firm, acquired Lutz Engineering (Wilmington, DE), a mechanical engineering firm with expertise in commissioning, energy, and building automation services. Link to details

12/4/2020

Stephenson Engineering (Toronto, Canada), a structural engineering firm with expertise in high-rise buildings, healthcare, and transportation, joined industry-leading facilities planning and design firm Salas O’Brien (Santa Ana, CA) (ENR #147). Link to details

12/4/2020

International development and construction company Skanska (Stockholm, Sweden) signed a binding Business Purchase Agreement for the divestment of its infrastructure services business in the UK to M Group Services (Stevenage, UK). Link to details

12/2/2020

RED (London, UK), a global company providing building services and ICT engineering solutions, acquired multi-discipline engineering consultancy Callaghan Engineering (Dublin, Ireland). Link to details

12/8/2020

Babbé McCathie Associates (St. Peter Port, Guernsey) merged with its Jersey-based partner T&G Structural Engineers (Saint Helier, Jersey) to create Guernsey’s largest structural and civil engineering company. Link to details

Morrissey Goodale