Recent M&A Transactions
March 2008Initiated and negotiated the transaction on behalf of RHL |
September 2008Served as the Financial Advisor to the TBE independent ESOP trustee, providing valuation advice and a fairness opinion |
March 2008Initiated and negotiated the transaction on behalf of HRG |
March 2009Provided valuation, deal structuring, and negoatiations on behalf of Thornton Tomasetti |
February 2009Served as independent valuation and financial advisor to both companies |
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| Download Recent Transactions PDF | |
September 2009 - Beyaz & Patel, a 25-person structural engineering firm specializing in infrastructure projects such as water/wastewater facilities and transportation, with offices in California, Oregon, and Washington, was acquired by TMAD Taylor & Gaines (TTG). Matheson Financial Advisors successfully initiated and negotiated the transaction on behalf of Beyaz & Patel as their financial and M&A advisor.Beyaz & Patel is to become the infrastructure group for TTG, a 350+ person West Coast building engineering firm.
OWP/P (Chicago, IL) merges with Cannon Design (Buffalo, NY)
September 2009 - Matheson Financial Advisors served as Financial Advisor to OWP/P and its non-ESOP shareholders in the merger with Cannon Design, providing due diligence, valuation opinions of both companies and the combined entity, and a Fairness Opinion. OWP/P, with $50 million in revenue, is a 277-person, ENR-ranked Architecture and Engineering firm with offices in Chicago and Phoenix focused on the educational, healthcare, and corporate markets. Cannon Design is a $142 million revenue global A/E firm employing over 800 staff working out of ten national and six international locations. The merger creates one of today's largest and most formidable A/E practices, providing integrated architecture, interior design, engineering and consulting services to clients across the globe.
Thornton Tomasetti, Inc. (New York, NY) Acquires DASSE Design, Inc. (San Francisco, CA)
March 2009 – Matheson Advisors served as financial advisors to Thornton Tomasetti in its acquisition of DASSE, a 60-person structural engineering firm with offices in San Francisco and Oakland, CA. Matheson Advisors provided valuation, deal structuring, due diligence consulting, and negotiations for the transaction. The acquisition of Dasse provides 650-person structural firm Thornton Tomasetti with additional geographic reach in California as well as greater resources in the healthcare and education markets.
http://www.thorntontomasetti.com/dasse.html
Anchor Environmental, L.L.C. (Seattle, WA) Merges with Quantitative Environmental Analysis, LLC (Montvale, NJ)
February 2009 – Matheson Advisors served as an independent valuation and financial advisor to both Anchor and QEA throughout the merger process. The merger creates a 200-person, national environmental and engineering consulting firm that specializes in aquatic, shoreline, and water resource projects. Matheson Advisors provided valuation consulting, deal structuring, and integration advisory services.
http://www.anchorqea.com/firm/pdfs/Press%20Release%20-%20Merger.pdf
TBE Holdings, Inc. (Tampa, FL) merges with Cardno Limited (Brisbane, Australia)
September 2008 – Matheson Financial Advisors served as the Financial Advisor to the independent transaction trustee of TBE’s ESOP and performed valuation analyses and issued a Fairness Opinion for the US$40.4 million transaction. TBE is a 450+ person multi-discipline engineering and construction services firm specializing in sub-surface utility engineering and transportation. Cardno is a publicly-held Australian infrastructure consulting firm with over 3,400 employees worldwide and A$400 million in revenue. In the years leading up to the Cardno transaction Colvin Matheson and/or Matheson Advisors provided TBE with comprehensive ownership transition consulting, turnkey ESOP implementation, annual ESOP business valuations, and M&A advisory services.
http://www.cardno.com/pdfs/news/mediarelease-16-09.pdf
Herbert, Rowland & Grubic, Inc. (Harrisburg, PA) Acquires Alliance Environmental Services, Inc. (Harrisburg, PA)
March 2008 – Matheson Advisors served as financial advisors to HRG in its acquisition of Alliance, a 13-person environmental consulting firm with offices in Harrisburg and York, PA. Matheson Advisors provided initial search and contact profiling, valuation, deal structuring, due diligence consulting, and negotiations for the transaction. The acquisition of Alliance provides 280-person multi-discipline engineering firm HRG with additional environmental service offerings to provide an even greater depth of services and resources to their clients.
http://www.hrg-inc.com/news/archive.asp#Alliance
RHL Design Group, Inc. (Petaluma, CA) has been acquired by Stantec, Inc. (Edmonton, Canada)
March 2008 - Matheson Financial Advisors represented RHL Design, a multi-office western U.S., 180-person retail focused program management and A/E firm in the acquisition by Stantec. Matheson Advisors initiated and negotiated the transaction as M&A Advisor to RHL and its owners. Other services provided included longer term strategic consulting, marketing, valuation, deal structuring, and closing assistance. The transaction provided liquidity to RHL shareholders while also providing a strong growth platform for RHL’s retail-focused business.
http://www.stantec.com/news.html#news77
Hill Glazier Architects, Inc. (Palo Alto, CA) has merged with HKS Architects, Inc.
May 2007 - Matheson Financial Advisors acted as M&A advisor to the shareholders of Hill Glazier, a 40+ person high-end hospitality design firm, in the acquisition of shares by HKS Architecture, bringing HKS to about 1,200 people. Matheson Financial Advisors provided valuation, deal structuring, and negotiation assistance to Hill Glazier in support of the transaction initiated by The Coxe Group (www.coxegroup.com).
http://www.hksinc.com
Atwell-Hicks, Inc. (Ann Arbor, MI) acquired HEC Engineering, LLC (Phoenix, AZ).
May 2007 - MFA provided valuation consulting to 500 - person firm Atwell Hicks in their acquisition of 100-person HEC. The acquisition represents Atwell-Hicks' first expansion into the Southwest and supports the firms strategic geographic expansion of its land development services. http://www.atwell-hicks.com/user_area/press_releases/Atwell.HEC.Merger2007.pdf
Fleis & Vandenbrink Engineering, Inc. (Grand Rapids, MI) acquired the stock of Gove Associates, Inc. (Kalamazoo, MI)
July 2006 - Matheson Financial Advisors acted as financial advisor to Fleis & Vandenbrink providing valuation and deal structuring advisory services http://www.fveng.com/pages/companyinfo/02latestnews.htm.
KTA Group, Inc. (Reston, VA) acquires Tennessee-based MECA Engineering, PC
April 2006 - Matheson Advisors provided valuation and deal structuring services to KTA http://www.ktagroup.com/news.shtml
V3 Companies, Ltd. acquires Phoenix-based Landmark Engineering, Inc.
January 2006 - Matheson Advisors provided valuation, deal structuring, and negotiation assistance to Woodridge, IL-based V3 Companies, Ltd http://www.v3co.com/pressrelease.asp?PRID=22
Wilcox Associates, Inc. (Cadillac, MI) acquires Arizona- based Gilbertson Associates, Inc.
October 2005 - Matheson Advisors provided valuation and deal structuring assistance to Wilcox Associates for its growth in the Phoenix land development and civil engineering http://www.wilcoxassociates.com/subpages/news.asp?intNewsID=47
MBT Architecture was acquired by Perkins & Will, Inc.
October 2005 - Matheson Financial Advisors negotiated the transaction on behalf of MBT Architecture, including valuation and deal structure http://www.perkinswill.com/news/newsarticle.aspx?id=253
Lawler Matusky & Skelly Engineers, LLP (Pearl River, NY) was acquired by HDR, Inc.
May 2005 - Matheson Financial Advisors provided valuation and valuation negotiating services as financial advisor to LMS http://www.hdrinc.com/8/34/1/default.aspx?entry=180
McGuire Environmental Consultants, Inc. (Santa Monica, CA) was acquired by Malcolm Pirnie, Inc.
March 2005 - Matheson Financial Advisors acted as valuation and financial advisor negotiating the transaction on behalf of MEC
Cathcart Garcia von Langen, Inc. (Lake Forest, CA) was acquired by HDR, Inc.
May 2004 - Matheson Financial Advisors acted as financial and valuation advisor to CGvL http://www.hdrinc.com/8/34/1/default.aspx?entry=15
Geo-Hydro Engineers, Inc. (Norcross, GA) and Baseline Engineers, Inc. (Athens, GA)
October 2003 - Acted as financial advisor to both firms in their simultaneous merger, founder-buy-out, and stock expansion effort*
CCS Planning & Engineering, Inc. (San Jose, CA) was acquired by TY Lin International, Inc.
October 2003 - Financial advisor providing marketing and negotiating the transaction on behalf of CCS*
Environmental Strategies Corporation (Reston, VA) was acquired by Quanta Capital Holdings, Ltd.
September 2003 - Financial advisor providing valuation and negotiation services on behalf of ESC*
Holland-Lessard Group (Washington, DC) was acquired by the Lessard Architectural Group, Inc.
May 2003 - Financial advisor providing valuation and negotiation services to HLG*
Terra Mar, Inc. (Dallas, TX) was acquired by U.S Laboratories, Inc. (NASDAQ: USLB)
May 2002 - Financial advisor providing valuation services, marketing, and negotiating the transaction on behalf of Terra Mar*
Recently Initiated ESOPs
Private 50+ Person Architecture and Engineering Firm (Wisconsin)
March 2009 - Initiated, co-managed, and valued new Employee Stock Ownership Plan
20 Person Engineering Firm (North Carolina)
February 2008 - Served as Financial Advisor to the Independent Trustees for the implementation of a 100% ESOP and S-corp Conversion of a 20+ person engineering firm based in Raleigh, North Carolina.
Private 280+ Person Architecture and Engineering Firm (Pennsylvania)
January 2008 - Initiated and co-managed the implementation of new Employee Stock Ownership Plan
200-person Civil Engineering and Land Planning Firm (Florida)
September 2006 - Initiated and valued new ESOP and firm recapitalization
Private 30+ Person Architecture & Interiors Firm (Massachusetts)
December 2006 - Initiated, co-managed, and valued new Employee Stock Ownership Plan
Private 20+ Person Consulting Engineering Firm (New Hampshire)
September 2006 - Initiated, co-managed, and valued new Employee Stock Ownership Plan
$75 million Calendered PVC Plastic Building Products Company (Pennsylvania)
January 2006 - Financial and valuation advisor to independent transaction trustee for 100% ESOP buy-out
Private 40+ Person Federal Programs Environmental Engineering Firm (Maryland)
February 2006 - Financial and valuation advisor for Management Buy-Out and ESOP transaction
Private Mechanical Contractor/Design Firm (Florida)
February 2005 - Valuation of new Employee Stock Ownership Plan
Private 30+ Person Consulting Engineering Firm (North Carolina)
January 2005 - Valuation of new Employee Stock Ownership Plan
Private 100+ Person Specialty Engineering Firm (Virginia)
December 2004 - Establishment and valuation of new Employee Stock Ownership Plan
Private 400+ Person Consulting Engineering Firm (Florida)
February 2003 - Initiated, co-managed, and valued new Employee Stock Ownership Plan*
Helicopter Services & Contracting Firm (Pennsylvania)
February 2003 - Initiated, co-managed, and valued 100% buy-out by a new Employee Stock Ownership Plan*
Private 300+ Person Consulting Engineering Firm (Nebraska)
January 2002 - Initiated, co-managed, and valued new Employee Stock Ownership Plan*
Recent Stock Expansion Plans/Ownership Transitions
Private 10+ Person Architecture Firm (Nebraska)
January 2009 - Design, valuation, programming, and management of ownership expansion stock offering
Private 35+ Person Consulting Engineering Firm (Pennsylvania)
December 2008 - Design, valuation, programming, and management of ownership expansion stock offering
Private 130+ Person Geotechnical Engineering Firm (Alabama)
January 2008 - Developed successful stock expansion program and offering that resulted in transfer of 20% interest from founder to 16 key employees at three levels of ownership (principal, senior associate, and associate).
Private 60+ Person Architecture Firm (New Jersey)
March 2006 - Design, valuation, programming, and management of ownership expansion stock offering
Private 15+ Person Consulting Engineering Firm (Maine)
February 2006 - Design, valuation, programming, and management of ownership expansion stock offering
Private 20+ Person Consulting Engineering Firm (New Hampshire)
December 2005 - Design, valuation, programming, and management of ownership expansion stock offering
Private 20+ Person Architecture Firm (California)
February 2005 - Design, valuation, programming, and management of ownership expansion stock offering
Private 30+ Person Architectural Design Firm (Washington, DC)
February 2005 - Design, valuation, programming, and management of ownership expansion stock offering
Private 160+ Person Consulting Engineering Firm (California)
May 2003 - Design, programming, and management of ownership expansion stock offering*
* Colvin Matheson initiated, successfully managed and negotiated, and/or provided valuation services for these clients and transactions while serving as leader of another consulting firm's financial advisory services group through December 2003
