Weekly merger, acquisition, deal update: October 25
Morrissey Goodale reported two deals in the United States and three international deals involving the UK, Norway, the United Arab Emirates, and Australia.
This week Morrissey Goodale reported two deals in the United States and three international deals involving the UK, Norway, the United Arab Emirates, and Australia.
Engineering, environmental services and operations firm Woodard & Curran (Portland, ME) has acquired 80-person environmental engineering and management consulting firmTREC (Bozeman, MT). TREC specializes in corrective action, environmental compliance, and site development projects. Link to details
Global energy and infrastructure consultancy RPS Group (Abingdon, Oxfordshire, UK) has entered into an agreement to acquire project management consultancy OEC (Oslo, Norway), a provider of project management services to the oil & gas, construction, real estate, manufacturing, renewable energy, transportation and healthcare sectors.
Etegra (St. Louis, MO), a facilities planning and management company with a focus on the federal sector, has acquired TeamFour Architects (St. Louis, MO). TeamFour provides architectural design services for federal and state governments, institutions and nonprofit organizations. Link to details
Engineering and construction firm Arabtec (Abu Dhabi, UAE) has acquired the remaining 45% stake in Emirates Falcon Electromechanical Company (EFECO) (Dubai, UAE), increasing Arabtec's ownership share to 100%. EFECO offers MEP engineering, installation and commissioning services to the construction industry in the Middle East. Link to details
Architecture, planning and design firm Rice Daubney (Sydney, Australia) announced that it will merge its operations with leading engineering and architecture firm HDR (Omaha, NE). The combined firm will operate as HDR | Rice Daubney. Link to details
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Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.