Two industry giants are taking steps to expand their footprints, revealing agreements for major acquisitions that, if and when completed, would total about $535 million. London-based engineering and project management firm AMEC said on May 17 that it has agreed to buy Atlanta-area engineer MACTEC for $280 million in cash. EMCOR Group Inc., the Norwalk, Conn., specialty contractor, said the next day that it planned to pay $255 million in cash to acquire USM Services Holdings Inc., a Norristown, Pa., facilities maintenance firm, from its Australian parent. AMEC’s proposed deal elevates MACTEC, now 85% owned by a private equity firm,
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.