London-based engineering and project management firm AMEC said May 17 that it has agreed to buy MACTEC, the Atlanta area engineer and environmental services firm. for $280 million in cash. The proposed deal elevates MACTEC, now 85% owned by a private equity firm, into the global services market, while boosting AMEC’s presence in the U.S.Under the deal, set to close by the end of June, MACTEC and its 2,600 U.S. employees in 70 offices will become part of AMEC’s Earth & Environmental (E&E) unit, which specializes in environmental, remediation, water resources and infrastructure markets, among others.That unit, now based in
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.