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M&A Deal Summary

HDR Acquires Infrastructure of America

On January 7, 2015, HDR acquired business services company Infrastructure of America from Triangle Capital

Acquisition Highlights
  • This is HDR’s 3rd transaction in the Business Services sector.
  • This is HDR’s 3rd transaction in the United States.
  • This is HDR’s 1st transaction in Tennessee.
Investment Fate
  • Infrastructure of America was divested to a consortium of strategic buyers in 2018.

M&A Deal Summary
Date 2015-01-07
Target Infrastructure of America
Sector Business Services
Buyer(s) HDR
Sellers(s) Triangle Capital
Deal Type Add-on Acquisition
Advisor(s) Environmental Financial Consulting Group (Financial)

Target

Infrastructure of America

Brentwood, Tennessee, United States
Infrastructure Corporation of America is a provider of solutions for managing and maintaining transportation infrastructure during an era of reduced manpower and ever-shrinking public sector budgets. Their performance-based approach to asset management has proven to help state governments save money on maintenance costs. In 2015, ICA was acquired by HDR, Inc., a global engineering, architecture, environmental and consulting firm. As HDR|ICA Asset Management, the company offered government and transportation agencies a strategic approach to decision making focused on maximizing life-cycle system performance and value.

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Buyer(S) 1

Buyer

HDR

Omaha, Nebraska, United States
Category Company
Founded 1917
Sector Engineering
Employees9,200
DESCRIPTION

HDR, have partnered with its clients to shape communities and push boundaries of what's possible since 1917. With 9,200 employees in more than 225 locations around the world, It think global and act local. Had completed projects in 60 countries, always following through and holding accountable.

DEAL STATS #
Overall 4 of 8
Sector (Business Services) 3 of 4
Type (Add-on Acquisition) 4 of 8
State (Tennessee) 1 of 1
Country (United States) 3 of 6
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-07 MEI

Savannah, Georgia, United States

MEI was founded in 1976 and can look back at nearly 40 years experience and hundreds of successful engineering and consulting projects in the Oil & Gas industry, serving its clients in more than 25 countries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-15 Maintenance Design Group

Denver, Colorado, United States

Maintenance Design Group is a designer of a 250-bus maintenance facility with a 100 percent drive-through maintenance bay, and designing upper level work platforms for light rail facilities that provide convenient, safe places to work. The firm employs close to 40 professionals in offices in Denver, Los Angeles, Minneapolis, Houston, Baltimore and Nashville.

Buy -

Seller(S) 1

SELLER

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 19 of 72
Sector (Business Services) 1 of 6
Type (Add-on Acquisition) 11 of 35
State (Tennessee) 1 of 1
Country (United States) 19 of 71
Year (2015) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-07 Green Garden Products

Norton, Massachusetts, United States

Green Garden Products LLC is a supplier of branded, consumable gardening products. Green Garden Products is a provider of seed packets and seed starter products for flower and vegetable gardens in North America, and an emerging participant in the specialty soil and plant nutrient categories. Green Garden Products was founded in 1980 and is based in Norton, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-13 Yellowstone Landscape

Plano, Texas, United States

Yellowstone Landscape is a provider of a variety of landscaping services to commercial, governmental and institutional customers located in the Southeastern United States and Texas. Yellowstone Landscape is based in Plano, Texas.

Sell -
Mergr

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