Dechert LLP advising Consor Holdings on the transaction
Consor Holdings LLC (“Consor”), a leading North American engineering and consulting firm, has announced the acquisition of Murfee Engineering Company (“MEC”), a distinguished Texas-based civil engineering firm renowned for its expertise in water and wastewater solutions. This acquisition marks a significant milestone in Consor’s growth strategy, reinforcing its position as a premier provider of engineering services in critical infrastructure sectors.
A Legacy of Excellence: Murfee Engineering Company
Murfee Engineering Company has established itself as a trusted name in civil engineering, with a legacy spanning nearly five decades. Since its founding, MEC has successfully delivered innovative solutions tailored to the unique needs of governmental agencies, private sector clients, special utility districts, and conservation districts across Texas. The firm has built a stellar reputation through its comprehensive approach to infrastructure development, specializing in water and wastewater management, hydrology, erosion and sedimentation control, and land development projects.
MEC’s deep-rooted expertise and extensive experience make it a valuable addition to Consor, enhancing the firm’s ability to address some of the most pressing infrastructure challenges faced by communities today. By integrating MEC’s specialized services, Consor aims to strengthen its capabilities in planning, consulting, engineering design, and construction management, further advancing its commitment to delivering high-quality engineering solutions.
Strategic Growth and Industry Leadership
Chris Rayasam, President and Chief Executive Officer of Consor, emphasized the significance of this acquisition in expanding the firm’s resources and expertise in the water and wastewater sector. “The addition of MEC will enable us to expand our robust planning and design resources on water and wastewater projects,” Rayasam stated. “Our firm provides innovative and effective solutions to our clients to address the challenges of aging water infrastructure, population growth, and climate impacts in Texas and beyond. This combination aligns with our goal to keep communities supplied with vital resources. It will also allow us to offer more growth opportunities for our people.”
Water and wastewater infrastructure are critical components of sustainable urban development, especially in rapidly growing regions like Texas. With increasing demands for efficient water management due to population growth, urbanization, and climate variability, the need for robust engineering solutions has never been greater. By joining forces with MEC, Consor is strategically positioning itself to better serve municipalities, utility districts, and private sector clients seeking innovative and resilient infrastructure solutions.
Cultural and Strategic Alignment
Beyond the technical and operational synergies, this acquisition also underscores a strong alignment in corporate culture and values. Dr. Hisham Mahmoud, Executive Chairman of Consor, highlighted this cultural fit as a fundamental factor in the decision to partner with MEC. “This acquisition is consistent with our strategy to expand on our firm’s impressive capabilities and resources in water and wastewater,” Mahmoud said. “In addition to the clear strategic rationale for the combination, MEC’s culture is aligned with Consor’s strong client and people-centric culture, which is a critically important initial screening for us in choosing our partners.”
This shared commitment to excellence, client satisfaction, and employee development is expected to facilitate a seamless integration process, ensuring continuity in service quality and operational efficiency. Both firms prioritize a client-first approach, fostering long-term relationships built on trust, innovation, and technical expertise.
MEC’s Perspective on the Acquisition
For Murfee Engineering Company, this acquisition represents a natural evolution of its journey in the engineering sector. George Murfee, President and Founder of MEC, expressed his confidence in the partnership and the opportunities it presents for both employees and clients. “We are incredibly proud of what we’ve accomplished at MEC throughout our journey,” Murfee stated. “This combination represents a natural progression for our firm and an outstanding opportunity for our team and clients. We chose to join Consor because of our shared values, culture, and commitment to our clients and people.”
MEC’s employees and leadership team bring invaluable expertise to Consor, further enriching the firm’s collective knowledge and capabilities. With a history of delivering innovative engineering solutions that address complex infrastructure challenges, MEC’s integration into Consor is expected to yield substantial benefits for existing and future projects.
Addressing Critical Infrastructure Challenges
The demand for modern, resilient, and sustainable water infrastructure is growing, driven by a combination of factors, including aging systems, population expansion, regulatory requirements, and climate change. By leveraging MEC’s specialized knowledge, Consor is better equipped to tackle these challenges head-on. The firm aims to enhance the efficiency, durability, and sustainability of water and wastewater infrastructure projects across Texas and beyond.
This acquisition positions Consor as a key player in the water and wastewater sector, allowing the firm to expand its footprint, develop innovative solutions, and contribute to the long-term sustainability of essential public services. As cities and communities strive to upgrade and maintain their water infrastructure, the expertise brought by MEC will play a crucial role in delivering state-of-the-art engineering solutions.
Financial and Advisory Aspects of the Transaction
To ensure a smooth and successful acquisition process, both firms engaged industry-leading financial and advisory partners. AEC Advisors, through its registered broker-dealer affiliate AEC Transaction Services LLC, served as the financial advisor to Consor. Meanwhile, Morrissey Goodale provided strategic advisory services to MEC, facilitating a well-structured and efficient transaction.
These partnerships helped to ensure that the acquisition was executed with careful planning and due diligence, reinforcing the long-term strategic benefits of the merger. The transaction underscores Consor’s commitment to sustainable growth, investment in expertise, and continued leadership in the engineering and consulting sector.
The Road Ahead: A Stronger Future Together
As Consor and MEC embark on this new chapter together, both firms remain dedicated to their mission of delivering high-quality engineering solutions that enhance communities and improve lives. The integration of MEC’s specialized expertise in water and wastewater engineering strengthens Consor’s ability to provide comprehensive services that meet the evolving needs of public and private sector clients.
The acquisition represents more than just a business transaction—it is a strategic partnership built on shared values, a commitment to excellence, and a vision for the future. By combining their strengths, Consor and MEC are poised to make a lasting impact on infrastructure development, ensuring the delivery of reliable, efficient, and sustainable water systems for generations to come.
As both firms move forward under a unified vision, stakeholders can expect a seamless transition, continued excellence in service delivery, and an unwavering commitment to innovation. The partnership between Consor and MEC is a testament to the power of collaboration in driving meaningful progress in the engineering and consulting industry.
The acquisition of Murfee Engineering Company by Consor Holdings LLC is a significant step toward expanding expertise, enhancing service offerings, and addressing the critical challenges in water and wastewater infrastructure. With a shared vision and a strong foundation of technical excellence and client commitment, this partnership is set to create lasting value for communities, clients, and employees alike.
As the industry continues to evolve, Consor’s acquisition of MEC reinforces its position as a leader in engineering innovation, dedicated to building a more sustainable and resilient future. The future is bright for both firms as they work together to tackle complex infrastructure challenges and provide cutting-edge solutions that benefit society at large.
