Dechert advised Consor Holdings, a portfolio company of New Mountain Capital and a North American engineering and consulting firm, on its acquisition of Murfee Engineering Company (MEC), a Texas-based civil engineering firm specializing in water and wastewater.
“The addition of MEC will enable us to expand our robust planning and design resources on water and wastewater projects,” Chris Rayasam, president and CEO of Consor. “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, and 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.”
“This acquisition is consistent with our strategy to expand on our firm’s impressive capabilities and resources in water and wastewater,” Hisham Mahmoud, executive chairman of Consor, said. “In addition to the clear strategic rational 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.”
“We are incredibly proud of what we’ve accomplished at MEC throughout our journey,” George Murfee, president and founder of MEC, said. “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.”
AEC Advisors, through its registered brokers-dealer affiliate AEC Transaction Services, served as the financial advisor to Consor, and Morrissey Goodale advised MEC on the transaction.
The Dechert team representing Consor was led by corporate partner Michael Darby and included associates Andrew Darnell, Rodrigo Rivera and Patrick Feeney.
