M&A Deal Summary

Gannett Fleming Acquires TranSystems

On August 7, 2024, Gannett Fleming acquired engineering company TranSystems from Sentinel Capital Partners

Acquisition Highlights
  • This is Gannett Fleming’s 3rd transaction in the Engineering sector.
  • This is Gannett Fleming’s 3rd transaction in the United States.
  • This is Gannett Fleming’s 1st transaction in Missouri.

M&A Deal Summary

Date 2024-08-07
Target TranSystems
Sector Engineering
Buyer(s) Gannett Fleming
Sellers(s) Sentinel Capital Partners
Deal Type Merger
Advisor(s) Houlihan Lokey
AEC Advisors
Macquarie Capital (Financial)

Target

TranSystems

Kansas City, Missouri, United States
TranSystems is an consulting, engineering and architectural solutions firm. TranSystems was founded in 1996 and is based in Kansas City, Missouri.

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Buyer(S) 1

Buyer

Gannett Fleming

Camp Hill, Pennsylvania, United States

Category Company
Founded 1915
Sector Engineering
DESCRIPTION

Gannett Fleming is a privately held architecture, engineering, and construction (“AEC”) firm partnering that offers comprehensive infrastructure solutions to a wide range of markets, including transportation, life sciences, water resources, education, industrial, federal, power, and energy. Gannett Fleming is based in 1915 and is based in Camp Hill, Pennsylvania.


DEAL STATS #
Overall 3 of 5
Sector (Engineering) 3 of 5
Type (Merger) 1 of 1
State (Missouri) 1 of 1
Country (United States) 3 of 5
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-18 DEC

Houston, Texas, United States

DEC is a civil engineering firm with expertise in transportation, water, wastewater, and hydrology. The Company specializes in safe water and wastewater systems, subsidence projects, drainage improvements, program management, and highway design for federal, state, local, and private sector clients. DEC was founded in 1945 and headquartered in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 M2

Chicago, Illinois, United States

M2 provides architecture, planning, and structural engineering services to the aviation, transit and rail, and education end-markets. With a presence in Chicago, Dallas, Seattle, and Peoria, Illinois, it designs transit and aviation environments, including the O’Hare International Airport Terminal 5 expansion, work on both current terminal expansion projects at the Dallas Fort Worth International Airport, and a legacy of more than 125 station upgrades for Metra and the Chicago Transit Authority. M2 was formed in 1984 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 71 of 71
Sector (Engineering) 1 of 1
Type (Merger) 6 of 6
State (Missouri) 5 of 5
Country (United States) 64 of 64
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 Spectrum Safety Solutions

Stamford, Connecticut, United States

Spectrum Safety Solutions is a manufacturer of branded industrial fire detection and suppression products and services in mission-critical and hazardous environments. Spectrum serves companies in critical infrastructure, marine, clean energy, and other industrial markets. Spectrum Safety Solutions is based in Stamford, Connecticut.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 NSI Industries

Huntersville, North Carolina, United States

NSI Industries is a provider of a wide variety of electrical connectors including insulated connectors and mechanical, digital time controls, time switches, wire management products, and related electrical components for construction, maintenance, and repair applications. NSI Industries was established in 1975 and is based in Huntersville, North Carolina.

Buy -