M&A Deal Summary

PRIME AE Acquires Jacobi Toombs & Lanz

On September 1, 2023, PRIME AE acquired engineering company Jacobi Toombs & Lanz

Acquisition Highlights
  • This is PRIME AE’s 1st transaction in the Engineering sector.
  • This is PRIME AE’s 1st transaction in the United States.
  • This is PRIME AE’s 1st transaction in Indiana.

M&A Deal Summary
Date 2023-09-01
Target Jacobi Toombs & Lanz
Sector Engineering
Buyer(s) PRIME AE
Deal Type Add-on Acquisition

Target

Jacobi Toombs & Lanz

New Albany, Indiana, United States
Jacobi, Toombs & Lanz (JTL) is an integrated engineering, survey, and construction services firm supporting clients in transportation, water resources, and surveying throughout the Indiana and Kentucky infrastructure market. Specializing in civil engineering and land surveying services, the team has completed significant work on the infrastructure in its region for municipal, state, and commercial clients. Jacobi, Toombs & Lanz was formed in 1955 and is based in New Albany, Indiana.

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Buyer(S) 1

Buyer

PRIME AE

Baltimore, Maryland, United States
Category Company
Founded 2007
Sector Engineering
DESCRIPTION

PRIME AE is a multi-discipline engineering and architecture firm that connects with clients to find solutions for their complex challenges while making the most of client resources. The company operates in 10 states and has more than 485 employees in 22 offices in the United States. It designs, develops, implements, and maintains the infrastructure, facilities, and amenities needed to create world-class communities while conserving shared natural resources with sustainable design practices. PRIME AE was formed in 2007 and is based in Baltimore, Maryland.

DEAL STATS #
Overall 1 of 2
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Indiana) 1 of 1
Country (United States) 1 of 2
Year (2023) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 Connelly & Wicker

Jacksonville, Florida, United States

Connelly & Wicker is a versatile firm offering civil engineering, highway engineering and design, utility engineering, landscape architecture, and environmental permitting services across public and private sectors. Connelly & Wicker is based in Jacksonville, Florida.

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