
Total mergers and acquisitions in the AEC industry hit 171 in 2012, up slight from the 169 deals in 2011, according to consulting firm Morrissey Goodale, Newton, Mass. (www.morrisseygoodale.com [1]).
One recent acquisition: Gantt Huberman Architects, a 26-person architecture/interiors firm in Charlotte, N.C., by Bergmann Associates, an architecture-engineering-planning firm headquartered in Rochester, N.Y. This makes the twelfth office for Bergmann and gives it a toehold in the Carolinas, according to Morrissey Goodale. Bergman now has 375 employees.
Meanwhile, supergiant Canadian A/E design firm Stantec, Edmonton, Alb. (2011 revenues: $463,300,000) was set to close on the acquisition of Greenhorne & O’Mara, a 520-employee engineering firm in Laurel, Md. Stantec also said it would pick up 21-person Architecture 2000, Moncton, N.B.
Other recent M&A activity of note:
Total mergers and acquisitions in the AEC industry hit 171 in 2012, up slight from the 169 deals in 2011.
Total mergers and acquisitions in the AEC industry hit 171 in 2012, up slight from the 169 deals in 2011.
Links:
[1] http://www.morrisseygoodale.com
[2] http://www.bdcnetwork.com/sites/default/files/Lawyer_handshake_blue_sky.115144135_7.jpg