Engineering Inc. - November/December 2019 - 48

MERGERSANDACQUISITIONS
firms operating in the same state or region, key managers and
staff on both sides of the deal are likely familiar with each other,
either professionally through current projects, past work experience, ACEC meetings, or even by virtue of having gone to the
same university. These relationships can help firm leaders assess
the potential fit (or nonfit) of the other firm and make more
informed decisions about a deal's likelihood of success.
3.	It	is	an	easier	last-minute	trip. In the spirit of managing
downside risk, if the deal starts to go south or unexpected problems arise, the acquisition of a firm nearby means the offices
and/or clients are a drive or perhaps a short plane ride away.
Round trips for internal face-to-face meetings or client and
staff check-ins can be done in a day, minimizing travel time for
executives.
4.	It	may	shorten	commutes. As we all know, growth in major
metropolitan areas results in more traffic, more congestion, and
generally more headaches until local governments appropriate
funds for engineering and construction firms to construct better
roads. But when two firms join forces across regions or cities,
that can mean new office locations for staff and reduced drive
times. Morrissey Goodale has advised on transactions on both
coasts and the Rocky Mountain West where a major benefit of
the deal was adding offices for staff to avoid long commutes in
popular metros.
Finally, with so much deal activity in the industry, many firsttime or infrequent buyers and sellers are entering the market to
help build or maintain their competitive advantage. Executives
new to the deal-making business will often consider an intrastate
acquisition as a means of testing the M&A waters before making a
riskier and potentially costlier leap to a new market.

To	view	the	most	up-to-date	and	"live"	versions	of	the	

M&A	heat	maps,	and	to	see	who	are	the	buyers	and	sellers	
in	each	state,	go	to	www.morrisseygoodale.com.

Nick	Belitz is a principal with Morrissey
Goodale, LLC, a management consulting
firm that specializes in the A/E industry
and provides strategic business
planning, merger and acquisition,
valuation, executive coaching, leadership
development and executive search
services. He can be reached at
nbelitz@morrisseygoodale.com.

ACEC member IMEG	Corp. (Rock Island, Ill.) acquired structural
engineering firm Desai/Nasr	Consulting	Engineers (West
Bloomfield, Mich.). Desai/Nasr augments the capabilities of IMEG's
existing multidiscipline services and extends its structural reach.
Global design and technology firm IBI	Group (Toronto)
acquired Aspyr	Engineering (Burnaby, Canada). Aspyr
specializes in the design and implementation of IT, audio-visual,
communications, and security technologies for both the public and
private sectors. IBI Group is an ACEC member firm.

Md.), a multidisciplinary consulting firm with a strong emphasis
on the transportation sector. Both firms are ACEC members.
Coffman	Engineers (Seattle) announced that ABBOTT	
Engineering (Cardiff by the Sea, Calif.) has signed a definitive
agreement to join the company. The deal strengthens Coffman's
private-sector portfolio and expands its service offerings in California by adding mechanical engineering. Coffman Engineers is
an ACEC member.
V3	Companies (Woodridge, Ill.) and SEA	Group (Carmel,
Ind.) have merged. SEA Group adds surveying to V3's Indianapolis operation, allowing the firm to provide greater technical
expertise and capacity across the Great Lakes Region. V3 Companies is an ACEC member firm.
Boxwood	Merger	Corp. (Santa Monica, Calif.), a publicly
traded special purpose acquisition company, and Atlas	Technical	Consultants (Austin, Texas), a provider of professional
testing, inspection, engineering, and consulting services, have
entered into a definitive agreement whereby Atlas will become a
wholly owned indirect subsidiary of Boxwood. Atlas is an ACEC
member firm.
Watkins	Associated	Industries (Atlanta) acquired NOVA	
Engineering	and	Environmental (Kennesaw, Ga.), an environmental consulting, geotechnical engineering, and construction
materials testing firm. NOVA is an ACEC member firm.
Architecture firm	M2	Design	Services (Brentwood, Tenn.)
merged with A2H (Lakeland, Tenn.), a planning and design firm
that provides architectural, engineering, landscape architecture,
planning, and project management services.

AUGUST	2019

JULY	2019

Full-service engineering and transportation specialist BCC	Engineering (Miami) partnered with capital investment firm Trivest
Partners (Coral Gables, Fla.). BCC Engineering is an ACEC
member firm.
Collaborative planning and design firm A2H (Lakeland, Tenn.)
acquired architecture and planning firm Red	Chair	Architects
(Knoxville, Tenn.). The combined practice now operates as a single
entity with five offices across Tennessee. A2H is an ACEC member.
ACEC member Jacobs (Dallas) entered into an agreement
to acquire the nuclear business of global design firm John	Wood	
Group (Aberdeen, U.K.) for approximately $300 million.
National employee-owned consulting firm Mead	&	Hunt
(Middleton, Wis.) acquired Sabra	&	Associates (Columbia,

Fishbeck,	Thompson,	Carr	&	Huber (Grand Rapids, Mich.)
acquired Northwest Consultants,	Inc. (NCI) (Toledo, Ohio).
NCI provides services in bridge inspection, roadway, street, and
freeway design. Both companies are ACEC member firms.
Maser	Consulting (Red Bank, N.J.), a multidiscipline consulting and engineering design firm, acquired Craig	Testing	
Laboratories,	Inc. (Mays Landing, N.J.), a fully accredited
AASHTO and ACOE materials testing laboratory. Maser Consulting is an ACEC member.
ACEC member firm Parsons	Corp. (Centreville, Va.) entered
into an agreement to acquire QRC Technologies (Fredericksburg,
Va.) from private equity firm DC Capital Partners (Alexandria,
Va.) for $215 million. n

ACEC	DEAL-MAKERS
SEPTEMBER	2019

48

ENGINEERING INC.

NOVEMBER / DECEMBER 2019


http://www.morrisseygoodale.com

Engineering Inc. - November/December 2019

Table of Contents for the Digital Edition of Engineering Inc. - November/December 2019

Engineering Inc. - November/December 2019
Contents
FROM ACEC TO YOU
MARKET WATCH
LEGISLATIVE ACTION
THE PRIVATE SIDE
STRATEGIC PLAN
2019 FALL CONFERENCE
STANDARD OF CARE
OPPORTUNITY AWAITS
TAKING A HARD STANCE
CREATING CONNECTIONS
2019 YOUNG PROFESSIONALS OF THE YEAR
ACEC RECOGNIZED FOR EXCELLENCE
MERGERS AND ACQUISITIONS
MEMBERS IN THE NEWS
Engineering Inc. - November/December 2019 - Intro
Engineering Inc. - November/December 2019 - Engineering Inc. - November/December 2019
Engineering Inc. - November/December 2019 - Cover2
Engineering Inc. - November/December 2019 - Contents
Engineering Inc. - November/December 2019 - 2
Engineering Inc. - November/December 2019 - 3
Engineering Inc. - November/December 2019 - FROM ACEC TO YOU
Engineering Inc. - November/December 2019 - 5
Engineering Inc. - November/December 2019 - MARKET WATCH
Engineering Inc. - November/December 2019 - 7
Engineering Inc. - November/December 2019 - LEGISLATIVE ACTION
Engineering Inc. - November/December 2019 - 9
Engineering Inc. - November/December 2019 - THE PRIVATE SIDE
Engineering Inc. - November/December 2019 - 11
Engineering Inc. - November/December 2019 - 12
Engineering Inc. - November/December 2019 - 13
Engineering Inc. - November/December 2019 - 14
Engineering Inc. - November/December 2019 - 15
Engineering Inc. - November/December 2019 - 16
Engineering Inc. - November/December 2019 - 17
Engineering Inc. - November/December 2019 - STRATEGIC PLAN
Engineering Inc. - November/December 2019 - 19
Engineering Inc. - November/December 2019 - 2019 FALL CONFERENCE
Engineering Inc. - November/December 2019 - 21
Engineering Inc. - November/December 2019 - 22
Engineering Inc. - November/December 2019 - 23
Engineering Inc. - November/December 2019 - 24
Engineering Inc. - November/December 2019 - 25
Engineering Inc. - November/December 2019 - STANDARD OF CARE
Engineering Inc. - November/December 2019 - 27
Engineering Inc. - November/December 2019 - 28
Engineering Inc. - November/December 2019 - 29
Engineering Inc. - November/December 2019 - OPPORTUNITY AWAITS
Engineering Inc. - November/December 2019 - 31
Engineering Inc. - November/December 2019 - 32
Engineering Inc. - November/December 2019 - 33
Engineering Inc. - November/December 2019 - TAKING A HARD STANCE
Engineering Inc. - November/December 2019 - 35
Engineering Inc. - November/December 2019 - 36
Engineering Inc. - November/December 2019 - 37
Engineering Inc. - November/December 2019 - CREATING CONNECTIONS
Engineering Inc. - November/December 2019 - 39
Engineering Inc. - November/December 2019 - 40
Engineering Inc. - November/December 2019 - 41
Engineering Inc. - November/December 2019 - 42
Engineering Inc. - November/December 2019 - 43
Engineering Inc. - November/December 2019 - 2019 YOUNG PROFESSIONALS OF THE YEAR
Engineering Inc. - November/December 2019 - 45
Engineering Inc. - November/December 2019 - ACEC RECOGNIZED FOR EXCELLENCE
Engineering Inc. - November/December 2019 - MERGERS AND ACQUISITIONS
Engineering Inc. - November/December 2019 - 48
Engineering Inc. - November/December 2019 - MEMBERS IN THE NEWS
Engineering Inc. - November/December 2019 - 50
Engineering Inc. - November/December 2019 - 51
Engineering Inc. - November/December 2019 - 52
Engineering Inc. - November/December 2019 - Cover3
Engineering Inc. - November/December 2019 - Cover4
https://www.nxtbook.com/nxtbooks/acec/engineeringinc_spring2020
https://www.nxtbook.com/nxtbooks/acec/engineeringinc_winter2020
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1119
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0919
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0719
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0519
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0319
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0119
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1118
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0918
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0718
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0518
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0318
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0118
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1117
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0917
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0717
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0517
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0317
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0117
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1116
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0916
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0716
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0516
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0316
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0116
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1115
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0915
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0715
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0515
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0315
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0115
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1114
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0914
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0714
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0514
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0314
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0114
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1113
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0913
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0713
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0513
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0313
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0113
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1112
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0912
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0712
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0512
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0312
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0112
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1111
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0911
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0711
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0511
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0311
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0111
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1110
https://www.nxtbook.com/nxtbooks/acec/engineeringincSeptOct
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0910
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0710
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0510
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0310
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0110
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1109
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0909
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0709
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0309
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0109_v2
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0109
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1108
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0908
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0708
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0508
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0308
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0108
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1107
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0907
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0707
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0507
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0307
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0107
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0505
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0305
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1105
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0306
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0105
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1103
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0906
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0903
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0703
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0106
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0506
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0503
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0303
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0904
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1104
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0704
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0504
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0304
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0905
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0705
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0104
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1106
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0706
https://www.nxtbookmedia.com