Acquisitions in the civil engineering community exploded in 2007 with a steady group following this year. A client jokingly told me that eventually we will all work for about 5 firms…that is all that will be left!
While I think that is a slight exaggeration, the pace of these M&As does not seem to be slowing. What has happened to the traditional firms of the past? Certainly, these consolidations allow firms a great way to increase staff and presence in particular locations or technical arenas. But, if you joined a firm because of a specific company culture….what do you do now?
Are these large national and international firms of combined technical talents good for our industry? What do you think?