M&A Deal Summary

Ardurra Acquires Fulghum MacIndoe & Associates

On October 11, 2021, Ardurra acquired engineering company Fulghum MacIndoe & Associates

Acquisition Highlights
  • This is Ardurra’s 7th transaction in the Engineering sector.
  • This is Ardurra’s 8th transaction in the United States.
  • This is Ardurra’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-10-11
Target Fulghum MacIndoe & Associates
Sector Engineering
Buyer(s) Ardurra
Deal Type Add-on Acquisition
Advisor(s) AEC Advisors LLC (Financial)

Target

Fulghum MacIndoe & Associates

Knoxville, Tennessee, United States
website
Fulghum, MacIndoe, & Associates is a water/civil engineering and construction management firm specializing in a wide variety of fields including environmental, civil, structural, electrical, GIS mapping, and construction services. Fulghum, MacIndoe, & Associates was founded in 2003 and is based in Knoxville, Tennessee.

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Buyer(S) 1

Buyer

Ardurra

Tampa, Florida, United States

website

Category Company
Sector Engineering
DESCRIPTION

Ardurra provides highly complex engineering and design services for water, transportation, and aviation end-markets across the Southeast, Central, Southwest, and Northwest United States. The company's services make a positive impact on the country’s most critical pieces of infrastructure, providing innovative, technology driven solutions to municipalities, state government entities, utilities and businesses. Its work enables local communities to provide residents clean water, implement transit and transportation solutions, treat wastewater, and develop sustainable, resilient infrastructure, among many other solutions. Ardurra Group is based in Tampa, Florida.

DEAL STATS #
Overall 8 of 20
Sector (Engineering) 7 of 19
Type (Add-on Acquisition) 8 of 18
State (Tennessee) 1 of 1
Country (United States) 8 of 20
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 IEC

Poway, California, United States

IEC is an engineering, construction management, and environmental consulting firm primarily serving public agency clients. IEC was founded in 2002 and is based in Poway, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Ritoch-Powell & Associates

Phoenix, Arizona, United States

Ritoch-Powell & Associates is a multi-disciplined civil engineering firm. Ritoch-Powell & Associates was founded in 1978 and is based in Phoenix, Arizona.

Buy -
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