Thursday, July 10, 2008

M&A mania continues

The summer months and the July 4th holiday have not slowed the pace of M&A transactions among A/E firms, as evidenced by the spate of deals announced in the past couple of weeks:

* Memphis, Tennessee-based Hnedak Bobo Group, a 120-person architecture and interior design firm, has acquired 26-person Nashville, Tennessee-based architecture, design and project management firm Bullock Smith & Partners. Bullock Smith will operate under the Hnedak Bobo name and brand.

* Cubellis, the Boston-based 450-person architecture, interior design, and engineering services firm, announced yesterday that it had merged with A/R Environetics Group, a full-service architectural interiors, space planning, and project management firm based in New York City. The merged firm will operate as Cubellis A/R Environetics.

* Brampton, Ontario-based engineering and consulting firm Trow Global, one of Canada's largest engineering and consulting firms, merged with Teknika HBA, a Quebec-based provider of multidisciplinary engineering and consulting services, according to The Walkerton Herald-Times newspaper. The combined workforce now has 2,000 employees and 60 offices in Alberta, British Columbia, Ontario, Quebec, the United States, and internationally.

* Shannon & Wilson Inc., the Seattle-based engineering company, bought Van Beveren & Butelo, the Los Angeles-based geotechnical engineering firm, yesterday for an undisclosed price. Shannon & Wilson has 10 offices and reported 2007 gross revenue of $23.4 million, according to the Puget Sound Business Journal.

Check out the August issue of PSMJ for the insights of PSMJ merger and acquisition services consultant Brad Wilson into the state of the M&A market.

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