Engineering Services Acquisitions in Colorado

Herzig Engineering, a national electrical safety and compliance firm backed by Copley Equity Partners, has acquired Martin Technical, a provider of lockout tagout, arc flash, infrared inspection and electrical reliability services. Financial terms were not disclosed; the deal will integrate Martin's employees into Herzig and expand Herzig's national coverage and service capabilities in electrical safety, reliability and training.

Qualus Corporation acquired Aquawolf, the transmission and distribution engineering subsidiary of Mammoth Energy, expanding Qualus' high-voltage transmission and grid modernization capabilities and adding offices in San Diego, Denver and Vancouver, Washington. The acquisition deepens Qualus' engineering and construction support services across the project life cycle and strengthens its technical capabilities in transmission and distribution design, resiliency and grid hardening.

Legence Corp. (Nasdaq: LGN), a Blackstone-backed national MEP engineering and services provider, has acquired Innovative Mechanical & Design, LLC (IMD), a Windsor, Colorado-based mechanical and plumbing contractor serving healthcare, pharmaceutical, higher education, semiconductor and hyperscaler clients. The acquisition is a bolt-on to Legence’s platform to expand its service, maintenance and fabrication capabilities and broaden its regional footprint.

Egis has acquired RockSol Consulting Group, a Thornton, Colorado-based transportation infrastructure engineering firm with more than 240 employees. The acquisition expands Egis' presence across the Mountain States and Western U.S., adding RockSol's capabilities in engineering, planning, environmental compliance, design, construction management, inspection, and materials testing for municipal, state, and federal clients.

ZenaTech, a Vancouver-based technology and Drone-as-a-Service (DaaS) provider, has acquired Rampart Surveys Inc., a Woodland Park, Colorado land surveying firm founded in 1997. The deal expands ZenaTech's DaaS footprint into Colorado and broadens its surveying and precision-agriculture capabilities.

SLR has acquired Forte Dynamics and Forte Analytical, two U.S.-based mining engineering and metallurgical testing specialists headquartered in Fort Collins, Colorado. The acquisition strengthens SLR's North American mining capabilities—particularly heap leach design and metallurgical laboratory services—and expands its offering in critical minerals and battery metals markets.

BBA Consultants has entered a strategic agreement to integrate Tierra Group International, a specialist civil, geotechnical and water resources engineering firm focused on mining, into its operations. The deal adds about 50 Tierra Group experts and expands BBA's presence across North and South America, while Tierra Group gains access to BBA's network of roughly 1,600 professionals.

Galloway & Company, a multidisciplinary architecture and engineering firm based in Greenwood Village, Colorado, received a strategic growth investment from ARA Services Partners and Kelso & Company to accelerate geographic, end-market, and service-line expansion. Galloway’s management will remain in place, employees retain significant ownership, and AEC Advisors served as exclusive financial advisor.

MasonMade Ventures has acquired Field Services Unlimited (FSU), a Denver-based nationwide architectural site survey and 3-D laser scanning company. The acquisition — the first for newly launched MasonMade Ventures — adds advanced survey, point-cloud and facility-assessment capabilities to MasonMade’s portfolio to support multi-site operators across retail, restaurants, healthcare, financial institutions and commercial real estate.

IMEG has acquired Innovae, a Colorado-based multi-discipline industrial engineering design firm, expanding IMEG’s capabilities in pharmaceutical, food & beverage and other life-science related manufacturing sectors. Innovae will continue operating from its Centennial and Boulder locations and its president, Dan Weisiger, will remain as the client executive for the team.

Godspeed Capital Management has made a strategic investment in BNP Associates, a Denver-based air transportation design and engineering firm. Godspeed will partner with BNP's leadership to establish BNP as the platform for a new aviation-focused design and engineering services provider and pursue organic growth and strategic acquisitions; financial terms were not disclosed.

Bowman Consulting Group Ltd. (NASDAQ: BWMN) has acquired Element Engineering LLC, a Lakewood, Colorado-based civil, water and wastewater engineering firm. The transaction, financed with cash, seller notes, and equity, is expected to add roughly $4.0 million in annualized net service billing run rate and immediately be accretive to Bowman while extending its water-wastewater capabilities and Colorado presence.

Tetra Tech, Inc. has acquired Convergence Controls & Engineering, a Littleton, Colorado-based systems integration and controls engineering firm, to advance its digital water and energy practices. The deal adds Convergence’s expertise in process automation, data analytics, cloud integration, and cybersecurity to Tetra Tech’s engineering and digital solutions capabilities; terms were not disclosed.

NSF, a global public health and safety organization, has acquired PSILab, Inc., an ISO 17025-accredited plastic pipe and materials testing laboratory based in Longmont, Colorado. The purchase expands NSF's testing, failure analysis and consulting capabilities for the water and large-diameter pipe markets and will streamline certification and testing services for pipe manufacturers and material suppliers.

H.W. Lochner, Inc. acquired Triunity, Inc., a Denver-based engineering, program/project management, and construction management firm, to expand Lochner's Transit & Rail and Municipal Services capabilities and establish a National Transit & Rail Practice. Triunity will operate as "Triunity, Inc., A Lochner Company" with founders Jonnie and Marvin Thomas remaining in leadership roles.

Nauticus Robotics (NASDAQ: KITT) agreed to acquire 3D at Depth, a Colorado-based subsea LiDAR and inspection services provider, in an all-stock transaction valuing the deal at approximately $34 million (before adjustments) and assuming about $4.1 million of debt. The acquisition brings 3D's subsea laser LiDAR technology, data services, and patent portfolio to Nauticus, expanding its autonomous underwater capabilities and commercial addressable market in offshore energy and renewables.

GEI Consultants has acquired Colorado-based Lithos Engineering, a 27-person firm specializing in tunnel, trenchless, geotechnical, and geological engineering. The acquisition expands GEI's tunneling and trenchless capabilities and adds specialized expertise to support water and infrastructure projects across the U.S.

H.W. Lochner, Inc. has acquired Armstrong Consultants, a Grand Junction, Colorado–based airport engineering and planning firm. The acquisition expands Lochner's aviation practice, broadens its geographic presence across the western United States, and adds Armstrong's airport planning, engineering, and construction administration capabilities to Lochner's service offering.

CMT Technical Services, a portfolio company of CAI Capital Partners, has acquired CTC-Geotek, a Denver-based consulting engineering firm specializing in construction material testing, inspection, geological consulting, and geotechnical and environmental engineering. The add-on strengthens CMT’s presence and service offering in Colorado and integrates CTC leadership into CMT’s Colorado inspection services team.

Anser Advisory, a PE-backed program and project management firm, has acquired RLH Engineering, Inc., an owner's representative, project management, and environmental consulting firm headquartered in Windsor, Colorado. The acquisition expands Anser Advisory's geographic presence in Northern Colorado and the Rocky Mountain region and brings additional environmental consulting capabilities to support K-12, healthcare, and municipal clients.

CMT Technical Services (a CAI Capital Partners-backed portfolio company) has acquired Cesare, Inc., a Colorado-based consulting engineering firm specializing in construction material testing, geotechnical, and forensic engineering. The deal adds four offices and approximately 50 employees in Colorado, expands CMT's geographic footprint and service capabilities, and the Cesare owner-managers (led by William "Bill" Caires) retain an equity interest and will remain in their roles.

Bowman Consulting (Bowman) has acquired PCD Engineering, Inc., a Denver-based building services and M/E/P engineering firm led by founder Peter D'Antonio. The acquisition, financed with cash, seller financing and stock, is intended to expand Bowman's building services, sustainability and M/E/P capabilities and is expected to contribute roughly $2.5 million of annual net service billing.

American Testing and Inspection Services (ATIS), a St. Louis–based conveyance management company, has acquired Colorado-based A Smart Elevator Solution, LLC (Littleton) and 1 Able Elevator Inspector, LLC (Wheat Ridge). The acquisitions expand ATIS’s inspection, consulting and conveyance management presence in Colorado and integrate the target teams into ATIS’s regional operations.

Los Angeles-based private investment firm Carmelina Capital Partners has completed a significant growth investment in Bridge Diagnostics, Inc. (BDI), a Louisville, Colorado–headquartered provider of nondestructive evaluation, structural monitoring and proprietary instrumentation for heavy civil infrastructure. The existing owner-operator team will retain significant ownership and remain with the company to lead its next phase of growth.

Woolpert has acquired Jviation Inc., a Denver-based airport planning, survey, architecture, engineering and construction management firm, to strengthen its aviation and airport infrastructure services. The acquisition expands Woolpert's geographic footprint in the western U.S.; Jviation, founded in 2007, is headquartered in Denver and has over 100 employees with offices in multiple states.

Westwood Professional Services completed the acquisition of Englewood, Colorado–based civil engineering and surveying firm CVL Consultants of Colorado on July 31, 2020. CVL will operate as a Westwood team and continue to serve clients from its Englewood location as Westwood expands its civil engineering and surveying capabilities in the Colorado Front Range.

O2 Investment Partners, through its vehicle EMEX Holdings, LLC, made a strategic investment in and partnered with BLUEFIN, LLC to add BLUEFIN's software-enabled facility asset management capabilities to the EMEX platform. The transaction brings BLUEFIN's roofing, building envelope, pavement and energy consulting services into EMEX's service offering to expand capabilities and drive cross-selling across commercial, government and institutional facility customers.

RS&H, an employee-owned architecture, engineering and consulting firm based in Jacksonville, Florida, has acquired Tsiouvaras Simmons Holderness (TSH), a Colorado-based transportation engineering and consulting firm. The acquisition gives RS&H a substantial presence in the Colorado market and augments its transportation, construction management and infrastructure capabilities in the region.

Computer Aided Technology (CATI), a portfolio company of Mangrove Equity Partners, has acquired MCAD Technologies, a Denver-based reseller and services provider for SolidWorks and 3D printing solutions. SDR Ventures served as exclusive sell-side advisor to MCAD. The acquisition expands CATI’s geographic presence into the Rocky Mountain region and adds MCAD’s sales, support, training and additive manufacturing capabilities to CATI’s platform.