California-based Quincy Engineering merges with Murraysmith
May 20, 2019
Portland, Oregon-based and water/wastewater-focused Murraysmith has merged practices with California-based, transportation & bridge design-focused Quincy Engineering to unite expertise in water and transportation and expand the combined company's geographical footprint in the western United States. The combined firm will operate with a team of 300 professionals across 17 offices in Washington, Oregon, California, Idaho, and Colorado.
AEC Advisors advised Murraysmith on this transaction with Quincy Engineering.
"Working with the team at AEC Advisors allowed us to stay in front of our deal. They were able to give us access to the tools needed to assess the value of both firms; industry and geographic-specific information; and overall strategy for growth for now and for the future. Tyler Albright was readily available as an extension of our firm in support of the merger and for overall guidance as a part of the merger,” said Chris Rayasam, President & CEO of the combined Murraysmith & Quincy.
Chris Rayasam continued, "This merger allows us to provide the highest level of expertise in all of the services we provide across the firm. We’ve increased our geographic footprint dramatically, all while maintaining our culture of being an employee-first firm. We will continue to focus on the satisfaction of our current and future staff and increasing the capabilities of our people through the remarkable technical expertise we have available across the firm. And very importantly, we will continue to increase career opportunities for all of our people within the firm."
"Quincy Engineering specializes in transportation and bridge design, water/wastewater engineering, and construction management -- the perfect complement to [Murraysmith's] water, wastewater, and transportation expertise. [Quincy's] significant presence in California balances [Murraysmith's] in the Pacific Northwest. Together, we've got the western U.S. covered."
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 130 M&A transactions in the AEC industry and have advised over 400 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