Canadian Consulting Engineer
Most consulting firms ready to merge or sell in the U.S.Engineering
ZweigWhite reports that 71 per cent of engineering, environmental and architectural consulting firms in the U.S. ar...
ZweigWhite reports that 71 per cent of engineering, environmental and architectural consulting firms in the U.S. are planning on being part of a merger or acquisition over the next five years.
The business management services firm based in Weyland, Massachussetts recently published a 2009 Merger and Acquisition Survey in which they tabled their findings.
Apparently what’s driving the acquisitions is the prospect of being able to expand geographically and also the desire to add new clients.
Other factors are that the valuations of firms have now dipped, and that many firms are headed by Baby Boomers who are nearing retirement age and ready to sell.