M&A Transactions

M&A Transactions

Below is a representative list of investment banking and financial advisory engagements that resulted in a successful transaction on behalf of our clients:

Daedalus Projects, Inc. Acquired by CHA Consulting
March 2019 – Matheson Financial Advisors initiated the transaction and acted as Financial and M&A Advisor on behalf of Daedalus Projects, Inc.

Halff Associates, Inc. Acquires Genesis and Genesis CEI
January 2019 – Matheson Advisors initiated the transaction and acted as Financial and M&A Advisor on behalf of Halff Associates.

O’Brien & Gere Limited acquired by Ramboll Group A/S
December 2018 – Matheson Advisors served as financial advisor to the Trustee of the O’Brien & Gere Retirement Plan providing valuation advice and a Fairness Opinion in its transaction with the 15,000-person Dutch engineering firm Ramboll. OBG was ranked ENR #112 with over $270 million gross revenue in 2018

OBEC Consulting Engineers merges with DOWL
October 2018 – Matheson Advisors provided valuation, negotiation, and deal structuring on behalf of OBEC Consulting Engineers.

Vali Cooper & Associates Acquired by TRC***
June 2018 – Matheson Advisors initiated the transaction and provided valuation, negotiation, deal structuring and M&A services to the shareholders of Vali Cooper and the company.

V3 Companies, Ltd. Acquires Williams Creek Consulting, Inc.
January 2018 – Matheson Advisors provided valuation, negotiation, and deal structuring M&A advisory services on behalf of V3 Companies, Ltd.

Glumac is Acquired by Tetra Tech, Inc.**
October 2017 – Glumac is Acquired by Tetra Tech, Inc. - Matheson Advisors was engaged by Glumac to market the firm and represent it as its exclusive M&A and Financial Advisor.

Fuss & O’Neill Acquires CLD Consulting Engineers, Inc.
August 2017 – MFA initiated and negotiated the transaction on behalf of the shareholders of Fuss & O’Neill, and provided valuation, negotiation, and deal structuring on behalf of Fuss & O’Neill.

Thornton Tomasetti-Weidlinger Associates Sells Asset to Johnson, Mirmiran & Thompson
July 2017 – Matheson Advisors initiated and negotiated the sale of the Weidlinger Associates’ New York State engineering firm grandfather corporate charter to Johnson, Mirmiran & Thompson, Inc.

The Roderick Group & Ardmore Associates Join Forces, Create Engineering Powerhouse
July 2017 – MFA provided valuation, negotiation, and deal structuring on behalf of The Roderick Group.

RNL Design is acquired by Stantec
July 2017 – MFA initiated and negotiated the transaction on behalf of the shareholders of RNL Design and acted as financial, valuation, and merger and acquisition advisor to RNL Design.

The Cecil Group Merges with Harriman
November 2016 – MFA provided valuation, negotiation, and deal structuring M&A advisory services on behalf of The Cecil Group.

RMC Water and Environment is acquired by Woodard & Curran
October 2016 – Matheson Financial Advisors initiated and negotiated the transaction on behalf of RMC and acted as financial, valuation, and merger and acquisition advisor to RMC.

RVi Planning + Landscape Architecture Expands Nationally with Equity Investment from Atwell, LLC
June 2016 – Matheson Financial Advisors initiated and negotiated the transaction on behalf of RVi Planning + Landscape Architecture and acted as financial, valuation, and merger and acquisition advisor to RVi Planning + Landscape Architecture.

New England Environmental, Inc. is Acquired by SWCA Environmental Consultants
April 2016 – MFA initiated and negotiated the transaction on behalf of the shareholder of New England Environmental, Inc., and acted as financial, valuation, and merger and acquisition advisor to New England Environmental, Inc.

Hardesty & Hanover, LLC Acquires The Heimburg Group, Inc.
January 2016 – MFA provided valuation, negotiation, and deal structuring M&A advisory services on behalf of Hardesty & Hanover, LLC.

Thornton Tomasetti, Inc. merges with Weidlinger Associates
September 2015 – Matheson Advisors was financial and valuation advisor to Thornton Tomasetti, Inc.

Glosten acquires Noise Control Engineering, LLC.
August 2015 – Matheson Advisors was financial and valuation advisor to Glosten.

Savant Group, Inc. Joins Stantec
August 2015 – MFA acted as financial, valuation, and merger and acquisition advisor to Savant Group and its shareholders.

Mendoza & Associates is acquired by NV5, Inc.
April 2015 – MFA acted as financial, valuation, and merger and acquisition advisor to Mendoza & Associates and its shareholder.

Pacific Municipal Consultants is Acquired by Michael Baker International**
February 2015 – Matheson Financial Advisors initiated and negotiated the transaction on behalf of the shareholders of Pacific Municipal Consultants and acted as financial, valuation, and merger and acquisition advisor to Pacific Municipal Consultants.

Golden Associates is Acquired by Atwell, LLC
February 2015 – MFA initiated and negotiated the transaction on behalf of Golden and acted as financial, valuation, and merger and acquisition advisor to Golden.

Huff and Huff, Inc. is Acquired by GZA GeoEnvironmental, Inc.
October 2014 – MFA provided independent additional valuation guidance and opinion to GZA GeoEnvironmental, Inc. and Huff and Huff, Inc.

USKH, Inc. Acquired by Stantec
June 2014 – USKH, Inc., a 130-person multidiscipline design firm with offices in Alaska, Washington and Montana, was acquired by Stantec, a 13,000 person professional consulting firm specializing in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics. Matheson Advisors provided valuation guidance and negotiated the transaction on behalf of USKH, Inc. as their M&A advisor.

Private 15-person West Coast Structural Design Engineering Firm
March 2013 – MFA served as M&A Advisor to successfully initiate and represent the seller in an asset sale to Pacific Northwest structural engineering firm to provide liquidity to sellers and a larger geographic footprint for buyers.

Thornton Tomasetti Acquires Green Consulting Firm – Fore Solutions
January 2012 – Thornton Tomasetti, the international structural engineering firm, announces the acquisition of Fore Solutions, a green building consulting firm that will allow Thornton Tomasetti to significantly expand its sustainability consulting services and integrate green objectives across all its practices. Matheson Advisors provided valuation, deal structuring and M&A advisory services on behalf of Thornton Tomasetti.

Winzler & Kelly merges with GHD
October 2011 – Winzler & Kelly, a 360 person California engineering firm merged with GHD, an Australia-based global engineering, architecture, and environmental consulting company with 6,000 employees serving clients from over 100 offices around the globe. Matheson Advisors served as the M&A Advisor to Winzler & Kelly.

Mark Thomas & Company, Inc. acquires remaining 65% ownership of MTS Engineers, Inc.
December 2010 – Mark Thomas & Company, Inc. (San Jose, CA) a leading California transportation engineering firm, and a provider of land surveying, site development, infrastructure improvements, and municipal engineering services, acquired the remaining 65% ownership of its affiliate MTS Engineers, Inc. (Irvine, CA) in a merger transaction. The combination of the two firms allows Mark Thomas & Company greater focus in growing the Southern California presence that the firms initiated two years ago. Mark Thomas & Company and MTS combined have over 230 employees located in 9 offices in California. Matheson Financial Advisors served as the Valuation Advisor for Mark Thomas & Company.

Burt Hill (Butler, PA) is acquired by Stantec, Inc. (Edmonton, Canada)
December 2010 – Stantec, Inc. (Edmonton, Canada), the publicly-held international architectural design and engineering firm, has acquired Burt Hill ( Butler, PA ) a 600 – person integrated architecture and engineering firm with 9 domestic US offices and 3 international offices in the Middle East and India. The combination of Burt Hill and Stantec creates a Global Buildings Division of over 2,400 architects and engineers with particular expertise in the areas of healthcare and education facilities. Matheson Financial Advisors provided Valuation and M&A Advisory services to Burt Hill.

Integra Engineering (Denver, CO) is acquired by Dewberry (Fairfax, VA)
October 2010 – Colorado-based Integra Engineering, specializing in municipal water and wastewater facilities, was acquired by Virginia based Dewberry. Integra Engineering brings unique water treatment technology and large diameter water infrastructure experience to Dewberry’s already extensive capabilities. (From the announcement on the Dewberry website) Dewberry is an 1,800 person professional services firm with more than 40 locations and provides services in program management, planning, engineering, architecture, surveying, geographic information services, and the environmental sciences. Clients include government agencies at all levels, corporations, real estate developers, colleges and universities, school districts, and other commercial and institutional firms. Matheson Financial Advisors successfully initiated and negotiated the transaction on behalf of Integra Engineering as their financial and M&A advisor.

ILA Zammit Engineering (San Diego, CA) is acquired by Sparling (Seattle, WA)
June 2010 – Sparling (Seattle, WA) has acquired ILA Zammit Engineering (San Diego). Sparling, a market-leading electrical engineering and technology-consulting firm, expands its Southern California presence with the acquisition of ILA Zammit Engineering. ILA Zammit is one of the largest privately-owned electrical engineering firms in the San Diego area. Its 28 employees will join the ranks of Sparling’s San Diego office, which opened in 2007. Matheson Financial Advisors provided valuation, deal structuring, and negotiations on behalf of ILA Zammit Engineering.

Syska Hennessy Group, Inc. (New York, NY) sells subsidiary to gkkworks (Irvine, CA)
April 2010 – New York-based Syska Hennessy Group Inc., one of America’s largest multi-disciplined engineering companies, sold its construction group to West Coast based gkkworks. Syska Hennessy Group Construction is a 100+ person construction services firm providing general contracting and project delivery for mission critical facilities in both the commercial and government arenas. Under gkkworks, the expanded integrated design and construction firm will have combined revenues exceeding $200 million, over 300 employees, and a national, diversified business with significant government and private sector clients with operations based in California. Matheson Financial Advisors provided the financial Fairness Opinion for the Syska Hennessy parent company.

Clancy Environmental, Inc. ( St. Albans, VT) is acquired by Tetra Tech, Inc. (Pasadena, CA)
March 2010 – Clancy Environmental, a 15-person environmental sciences firm providing scientific research, water quality testing and technology, environmental monitoring, and environmental information services, with offices in Sciutate, MA and Honolulu, HI, was acquired by Tetra Tech (NYSE: TTEK). Matheson Financial Advisors successfully initiated and negotiated the transaction on behalf of Clancy as their financial and M&A Advisor.

Beyaz & Patel, Inc. ( Walnut Creek, CA) is acquired by TMAD Taylor & Gaines, Inc. (Pasadena, CA)
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). Beyaz & Patel is to become the infrastructure group for TTG, a 350+ person West Coast building engineering firm. Matheson Financial Advisors successfully initiated and negotiated the transaction on behalf of Beyaz & Patel as their Financial and M&A Advisor.

OWP/P (Chicago, IL) merges with Cannon Design (Buffalo, NY)
September 2009 – 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. Matheson Financial Advisors served as Financial Advisor to OWP/P and its non-ESOP shareholders.

Thornton Tomasetti, Inc. (New York, NY) Acquires DASSE Design, Inc. (San Francisco, CA)
March 2009 – Thornton Tomasetti acquired DASSE, a 60-person structural engineering firm with offices in San Francisco and Oakland, CA. 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. Matheson Advisors served as Financial Advisors to Thornton Tomasetti, providing valuation, deal structuring, due diligence consulting, and negotiations for the transaction.

Anchor Environmental, L.L.C. (Seattle, WA) Merges with Quantitative Environmental Analysis, LLC (Montvale, NJ)
February 2009 – 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.

TBE Holdings, Inc. (Tampa, FL) merges with Cardno Limited (Brisbane, Australia)
September 2008 – 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. 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.

Herbert, Rowland & Grubic, Inc. (Harrisburg, PA) Acquires Alliance Environmental Services, Inc. (Harrisburg, PA)
March 2008 – HRG acquired Alliance, a 13-person environmental consulting firm with offices in Harrisburg and York, PA. 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. Matheson Advisors served as Financial Advisors to HRG, providing initial search and contact profiling, valuation, deal structuring, due diligence consulting, and negotiations for the transaction.

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.  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. Matheson Advisors initiated and negotiated the transaction as M&A Advisor to RHL and its owners.

Hill Glazier Architects, Inc. (Palo Alto, CA) has merged with HKS Architects, Inc.
May 2007 – Hill Glazier, a 40+ person high-end hospitality design firm, acquired shares of 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).

Atwell-Hicks, Inc. (Ann Arbor, MI) acquired HEC Engineering, LLC (Phoenix, AZ).
May 2007 – Atwell Hicks, a 500-person firm, acquired 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. MFA provided valuation consulting to Atwell Hicks.

Fleis & Vandenbrink Engineering, Inc. (Grand Rapids, MI)
July 2006 – 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.

KTA Group, Inc. (Reston, VA)
April 2006 – 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.

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.

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

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

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*

Geo-Hydro Engineers, Inc. (Norcross, GA) and Baseline Engineers, Inc. (Athens, GA)
September 2003 – Acted as Financial Advisor to both firms in their simultaneous merger, founder-buy-out, and stock expansion effort*

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*

**At the time of the transaction, Certain Managing Directors associated with Matheson Financial Advisors and Matheson Capital Advisors were registered representatives of, and securities transactions were conducted through, StillPoint Capital, LLC, Member FINRA/SIPC, Tampa, FL. StillPoint is not an affiliate of Matheson Financial Advisors or Matheson Capital Advisors.

***At the time of the transaction, Certain Managing Directors associated with Matheson Financial Advisors and Matheson Capital Advisors were registered representatives of, and securities transactions were conducted through McLean Securities, LLC Member FINRA/SIPC, Mclean, VA. McLean Securities, LLC is not an affiliate of Matheson Financial Advisors or Matheson Capital Advisors.