M&A

Acquisitions

Energy Builder MasTec Boosts Pivot In $420M Power Firm INTREN Buy

May 6, 2021

Link creates $8B operation that pushes leading pipeline contractor toward other niches and is industry's largest minority and woman-owned company.

AECOM CEO Unveils Expanded Push on Carbon Emissions Cuts, Diversity Targets

CEO Troy Rudd, named last year, shares strategy ahead in ENR interview

Debra K. Rubin

April 26, 2021

No Comments

In ENR interview, CEO Troy Rudd says that even with construction units shed, the design firm has size, scale and tech value to tackle climate change and workforce demands

Companies

Consultant Golder Set to Be Newest WSP Unit in Announced $1.14B Deal

Debra K. Rubin

December 3, 2020

No Comments

Design giant's purchase of leading environmental expert firm will boost its position and client base as climate change drives market.

Cladding Contractor Permasteelisa Is Set for Sale to U.S. Private Equity Firm

Debra K. Rubin

May 4, 2020

No Comments

Japanese owner is shedding 6,000-person unit as non core, after Italian firm's sale to a Chinese company was halted by the U.S. government in 2018.

Private Equity Pays $2.4B For AECOM Government Unit

Debra K. Rubin

October 16, 2019

No Comments

Analysts note design firm's parallel sale and spinoff plans, but shedding construction assets will take longer. Activist investor was key sale catalyst, reports say.

WSP Boosts Growth With Planned $65M Buy of US Engineer

Debra K. Rubin

August 30, 2019

No Comments

Canadian giant says the deal for Ecology & Environment Inc. would expand its environmental services niche and U.S. public sector market.

Companies

Oil Services Giant Subsea 7 Makes Hostile $2B Bid for McDermott

Debra K. Rubin

April 23, 2018

No Comments

US engineer's board rejects the London-based giant's bid, which would require halting a planned buy of CB&I, but the offer may rise. One analyst is not keen on the counter offer.

SNC-Lavalin's $2.6B Bid for Atkins

Debra K. Rubin

Peter Reina

April 5, 2017

No Comments

An April 3 bid by Canada-based global design giant SNC-Lavalin to buy U.K. engineer Atkins, valued at $2.6 billion, has been confirmed by both firms’ boards and further indicates a resurgence in industry sector consolidation, observers say.

Worley Parsons Shares Rise on Dar Group's Takeover Bid Reveal

March 1, 2017

No Comments

Shares of Australia-based WorleyParsons rose 32% on Feb. 28, following the firm’s disclosure the day before that, last November, Dubai-based engineer conglomerate Dar Group had made an estimated $2.2- billion bid, which it rejected as undervalued.