Capturing capital
Article Abstract:
Environmental engineering and consulting firms, to stay competitive, have to meet certain needs that require additional capital, such as computerization and equipment upgrading, expansion of operations, offsetting accounts receivable and replacing capital withdrawn by retiring partners. These firms can always get loans or investment financing from banks and insurance firms. Lately, some US firms have also taken the risky option of seeking financial links with foreign firms. By far the cheapest and safest way a firm can raise capital is to go public, despite a very unpredictable market.
Publication Name: Civil Engineering
Subject: Science and technology
ISSN: 0885-7024
Year: 1992
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Big business
Article Abstract:
Mergers and acquisitions of environmental engineering consultancy firms since the late 1980s have increased cost efficiency, professional management, public ownership, and globalization of the industry. In 1994-95, many midsized firms with a revenue of $25 to $75 mil combined with similar or larger firms to face growing competition, increase liquidity, and arrange capital. In the late 1995, mergers of larger firms was mainly for growth, profitability, accessing capital, diversification, and international reach.
Publication Name: Civil Engineering
Subject: Science and technology
ISSN: 0885-7024
Year: 1996
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The new environment for consolidation
Article Abstract:
Mergers and acquisitions are increasing in US environmental engineering and consulting firms, according to a survey of 170 firms. Acquisitions have increased from 47 in 1996 to 81 in 1998. By the end of 1998 65% of industry revenue will go to the 20 biggest firms. The overriding reason for the consolidation is the drive to reduce duplicate costs in areas including overheads, insurance premiums and marketing. Other factors include diversification and divestment activity.
Publication Name: Civil Engineering
Subject: Science and technology
ISSN: 0885-7024
Year: 1998
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