M&A Deal Summary

Lochner Acquires K Friese + Associates

On May 4, 2023, Lochner acquired construction company K Friese + Associates

Acquisition Highlights
  • This is Lochner’s 1st transaction in the Construction sector.
  • This is Lochner’s 3rd transaction in the United States.
  • This is Lochner’s 1st transaction in Texas.

M&A Deal Summary
Date 2023-05-04
Target K Friese + Associates
Sector Construction
Buyer(s) Lochner
Deal Type Add-on Acquisition
Advisor(s) Morrissey Goodale LLC (Financial)

Target

K Friese + Associates

Austin, Texas, United States
K Friese + Associates provides civil engineering consulting services to municipalities, counties, state agencies, and river authorities throughout the State of Texas, with an emphasis on water, wastewater, transportation, aviation, and drainage planning, design, and construction management projects. K Friese + Associates was founded in 2003 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Lochner

Chicago, Illinois, United States
Category Company
Founded 1944
Sector Business Services
DESCRIPTION

Lochner provides planning, environmental, design, construction engineering and inspection, and right-of-way services for surface transportation, rail, transit, and aviation clients across the United States. Lochner was founded in 1944 and is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 4
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Texas) 1 of 1
Country (United States) 3 of 4
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-21 KOA

Monterey Park, California, United States

KOA provides transportation engineering, mobility planning, and construction management services for public agencies and private sector clients. KOA was founded in 1987 and is based in Monterey Park, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-20 Triunity Engineering

Denver, Colorado, United States

Triunity is a professional services firm providing engineering and program management/construction management services for transit, transportation, aviation, water/wastewater, and public infrastructure projects. Formed in 2003, Triunity is headquartered in Denver, with additional offices in Los Angeles, CA; Seattle, WA; and Boston, MA.

Buy -
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