Midsize design firms with revenue between $100 million and $250 million are often thought of as being the industry's most endangered species as well as its prime buyout targets. But Walnut Creek, Calif.-based water-wastewater firm Carollo Engineers Inc. thinks it will do just fine. Photo: Courtesy Carollo Related Links: The Top 500 Design Firms: 2010-2011 at a Glance “We've stayed true to the goal of internal ownership, and we're not tempted by big-dollar numbers,” says Gary Deis, CEO since 2002. Carollo has $168.5 million in 2010 revenue and 650 employees. After market conditions forced the firm to re-examine its valuation,
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.