PSMJ’s commitment to helping architecture, engineering, and construction firm owners achieve their goals does not begin and end with getting a deal done. It is built on helping owners find the structure that is right for them, whether that means pursuing an external transaction, building toward independence with an internal transition, or doing something entirely novel.
A Three-Way Merger and the Birth of Lynk Engineers
In a recent episode of PSMJ’s AEC GrowthCast, President Greg Hart is joined by Senior M&A Advisor Karl Wohler and Dave Wesemann, former President and CEO of Spectrum, now Senior Principal and Executive Advisor at Lynk Engineers to discuss one of the more creative ownership stories to come through PSMJ’s M&A Advisory Practice: the formation of Lynk Engineers through the simultaneous merger of three MEP engineering firms; Spectrum Engineers, Colvin Engineering Associates, and Envision Engineering.
The conversation covers how the deal came together with PSMJ’s M&A advisory support, what made a three-way structure the right answer for the ownership teams involved, and what the process of aligning three distinct firm cultures and ownership frameworks actually looked like in practice. For firm owners weighing their transition options between an external sale or an internal succession plan, this episode explores a compelling third path.
Wesemann’s account is candid about the complexity of the process and instructive about what it takes to successfully execute a multi-party merger. Hart and Wohler bring PSMJ’s perspective on how deals like this are structured and what owners need to think through before committing to a path of this kind.
Listen to the full conversation here:
Have questions about your path to success for your firm and your team? Contact PSMJ’s M&A and Ownership advisory team to start the conversation here.