GHD divests Forensics Engineering business to NV5
November 11, 2019
AEC Advisors initiated the transaction and advised GHD, a ~$1.5 billion revenue, employee-owned infrastructure and environmental firm headquartered in Australia, on the divestiture of its southeast US forensics engineering business to NV5, a ~$500 million revenue, publicly-traded AEC firm headquartered in Florida.
"The Forensic engineering service line was a niche business that fell outside GHD's core strategic markets and our long-term strategy," said Iver Skavdal, Executive General Manager, US. "By retaining our strategic focus, we can invest in services and people that bring creative solutions to our clients - especially through the integration of digital and advisory approaches."
“We continue to see strong demand for engineering and scientific services across North America and remain focused on providing client solutions that help protect and manage water supplies, improve transportation infrastructure and make communities more resilient,” added Skavdal.
About AEC Advisors
AEC Advisors LLC is a leading investment banking and corporate finance advisory firm for executives and boards of Architecture, Engineering & Consulting ("AEC") firms. The four principals have completed over 135 M&A transactions in the AEC industry and have advised over 500 AEC firms on corporate finance issues, including M&A, capitalization & modeling, stock valuation, KPI benchmarking, and internal ownership transitions. Our goal is to help key decision‐makers of AEC firms confidently address financial issues and opportunities, so that they can focus on their clients, projects, and people.
Andrej Avelini, President
Josh Lahre, Senior Principal
Tyler Albright, Principal
Joe Smetona, Principal