Engineering Inc. - September/October 2011 - (Page 32)

Mergers and Acquisitions I Demand for Energy, Environmental Services Contributes to Rebounding Domestic M&A B y ing an international firm buying into the U.S. (compared with 30 for the entire year in 2010). Additionally, 2011 is currently on pace to be the first year in five years to have more U.S.-based firms buying overseas than international firms buying into the U.S. The increased ease of doing business globally and increased opportunities abroad combined with the slow domestic recovery make international expansion increasingly attractive to U.S. firms. Recent examples of ACEC Member Firms involved with firms outside of the U.S. include: • Leading North American and ACEC Member Stantec signed a letter of intent in July to acquire fellow ACEC Member Bonestroo (St. Paul, Minn.). • ACEC Member Tetra Tech (Pasadena, Calif.) also reached agreement in July to acquire mining engineering firm Proteus EPCM Engineers, based in Australia. We also are seeing increased activity from firms that specialize in services related to energy development, transmission and distribution; energy efficiency; mining; and various environmental services, including natural resources management, water and wastewater, remediation, and environmental management. Recent M&As involving ACEC Member Firms include: • RESPEC Consulting & Services (Rapid City, mike cauley t appears that domestic mergers and acquisitions (M&As) may have bottomed out in 2010, as its 2011 rebound continues. As of August 1, 189 total global industry deals were announced, compared with 142 for the same period in 2010— an increase of 33 percent. Of these transactions, 91 involved a U.S.-based seller, compared with 87 last year. Based on the number of U.S. firms expanding internationally via M&As so far in 2011, as the macro-economy has become more global, so has the A/E industry. As of August 1, there were 12 transactions involving a U.S.-based firm acquiring an internationally based firm (compared with 14 for the entire year in 2010). In contrast, there have been eight transactions involv- S.D.), specializing in energy, mining, natural resources, acquired the planning and consulting firm MATRIX States by Total Activity: 21 or more Transactions 16 to 20 more Transactions 11 to 15 Transactions 6 to 10 Transactions 1 to 5 Transactions No Transactions Consulting Group (Rapid City, S.D.). • GAI Consultants (Homestead, Pa.) an engineering and environmental consulting firm acquired EnPower (Green Bay, Wis.), an energy and environmental services firm specializing in electric transmission and generation. • Maser Consulting (Red Bank, N.J.), an engineering and environmental services firm acquired hydrogeological and geophysical services firm Eastern Geosciences (EGI) (Woodbine, N.J.). • Woolpert (Dayton, Ohio), a design, geospatial and infrastructure services firm, acquired hydrographic and bathymetric survey firm Geomatics Data Solutions (GDS) (San Diego, Calif.). 2011 merger and Acquisition Sales Activity through Aug. 1, 2011 US vs Int’l Sellers: Total US Sellers Total Int’l Sellers US Sellers to Int’l Firms Int’l Sellers to US Firms 91 98 8 12 4 WA MT 1 1 ND 1 ME VT 5 1 1 OR 2 ID 1 1 SD MN WI NH MA CT RI 2 5 To view live up-todate versions of the m&a heat maps that accompany this article and to see a list of the buyers and sellers in each state, go to www. morrisseygoodale.com. NY MI 3 WY 1 10 NE UT 4 IA 3 4 PA NV CA CO KS 1 1 IL IN 1 OH WV 7 2 NJ MD DE DC MD MO VA 5 KY TN AR 1 4 4 NC 2 AZ OK NM SC 6 1 MS AL GA AK TX LA 6 FL © Morrissey Goodale LLC 2011 All Rights Reserved HI Mike Cauley is principal consultant at Morrissey Goodale, LLC, a strategy, M&A and human capital solutions firm serving the A/E/C industry. He can be reached at mcauley@ morrisseygoodale.com. 32 ENGINEERING INC. SEptEmbER / OCtObER 2011 http://www.morrisseygoodale.com http://www.morrisseygoodale.com

Table of Contents for the Digital Edition of Engineering Inc. - September/October 2011

Engineering Inc. - September/October 2011
Contents
From ACEC to You
News and Notes
Legislative Action
2011 Fall Conference Preview
Fitting the Pieces Together
Alternate Routes
Building Big
Business Insights
Members in the News
Mergers and Acquisitions

Engineering Inc. - September/October 2011