Wednesday, August 15, 2007

Is RTKL the canary in the coal mine?

By now, most of you have heard that privately-held A/E superfirm RTKL has been acquired by the Dutch engineering outfit ARCADIS.

I believe that RTKL is only the first of many big US-based A/E superfirms that will soon be acquired by non-US interests. I predict that non-US firms will acquire between 8-10 of the largest 25 US-based A/E firms over the next 12-18 months.

If you look at the world financial picture right now, it makes perfect sense. A weak US dollar combined with Wall Street's overvaluing of large publicly traded A/E/C firms create a win-win for buyers and sellers alike.

Until next time,

Frank A. Stasiowski, FAIA
Follow @PSMJ_Resources