Add-on Acquisition • Business Services

Hensel Phelps Acquires Transcend

On October 9, 2025, Hensel Phelps acquired business services company Transcend

Acquisition Context

This is Hensel Phelps’ 1st transaction in the Business Services sector.
This is Hensel Phelps’ 1st transaction in the United States.
This is Hensel Phelps’ 1st transaction in Washington.

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M&A Deal Summary
Date	October 9, 2025
Target	Transcend
Sector	Business Services
Buyer(s)	Hensel Phelps
Deal Type	Add-on Acquisition

Target Company

Transcend

Spokane, Washington, United States

Transcend is a performance consulting firm focused on driving value creation for private equity firms and their portfolio companies. The company offers services in three main areas: strategic deal execution, portfolio company growth, and firm operations. Transcend is based in Spokane, Washington.

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Buyer Overview 1

Buyer

Hensel Phelps

Greeley, Colorado, United States

Category	Company
Founded	1937
Sector	Construction

DESCRIPTION

Hensel Phelps is a construction, real estate development, and facilities services firm plans, builds and manages a diverse range of domestic and international project types that encompass development, new construction and renovation and facilities management for a variety of project types, including aviation and transportation, commercial office, educational, government, healthcare, mission critical, hospitality and leisure, industrial, justice and public safety, lab and research, multi-residence, museum and library and more. Hensel Phelps was formed in 1937 and is based in Greeley, Colorado.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Business Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Washington	1 of 1
Country: United States	1 of 1
Year: 2025	1 of 1

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