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EFCG Connect: 2022 Q2 Updates

It has been an exciting quarter at EFCG! We just closed our 8th M&A deal of 2022 last week, and have hosted five conferences with record attendance this year. From our CFO Conference to our inaugural ESG & Sustainability Forum, we are proud to bring together changemakers from across the industry to engage in meaningful, productive conversations.

And coming up in just 9 weeks is our signature leadership event of the year - EFCG's 33rd Annual CEO Conference! The conference will be held in New York City on September 28-30. See below for more details on our distinguished lineup of panelists, and register soon to secure your spot.

Keep reading for other announcements, including the latest M&A transactions we advised on, the next chapter for the Zofnass Program for Sustainable Infrastructure, and two new EFCG team members that joined us!

We look forward to seeing many of you in September. As always, please reach out if there are any other ways EFCG can support your firm in achieving its goals.


The EFCG Team

Join us for EFCG’s 33rd Annual CEO Conference on September 28-30, 2022 in New York City. Every year, this conference engages AEC Industry CEOs, Presidents, and COOs on the industry’s biggest challenges. As the leading advisor to AEC firms, EFCG brings you the industry’s most comprehensive CEO Conference. Current event speakers include Jacobs, Tetra Tech, WSP Global, Wood, Stantec, Black & Veatch, Kimley-Horn, Terracon, and many more. Spots are filling up quickly so register below, and email Dimitri Milionis at with any questions. We hope to see you there!

Featured Conference Sessions

Our 2022 EFCG CEO Survey is Live!

All CEO conference participant firms are required to complete a detailed engineering & consulting industry CEO survey, the results of which are presented at the conference and drive a significant portion of the agenda. All survey participants will receive EFCG’s confidential, industry-aggregated AEC Industry Report.

Featured M&A Transactions

July 29, 2022: EFCG is proud to have served as financial advisor to The Vertex Companies, LLC (VERTEX) on its acquisition of Fulcrum, LLC., an Arizona-based construction management consulting services firm that is well-positioned to serve its clients throughout the life of their project by providing due diligence, pre-construction, construction and operations support. We look forward to all that the VERTEX and Fulcrum teams will achieve together in 2022 and in the years to come.

May 3, 2022: Stanley Consultants (Stanley), an Iowa-based consulting engineering firm focusing on energy, water, transportation, and the environment sectors, has acquired Traffic Engineering Data Solutions, Inc. (TEDS), a Florida-based transportation engineering firm that provides traffic engineering/safety studies, traffic data collection, roadway design, traffic engineering design and Intelligent Transportation System (ITS) design. The acquisition of TEDS will strengthen Stanley’s Florida presence and broaden its transportation talent. EFCG served as the financial advisor

to Stanley in its acquisition of TEDS.

April 8, 2022: August Mack Environmental, Inc. (August Mack), an Indiana-based environmental, health, and safety (EH&S) consulting firm providing regulatory compliance, environmental due diligence, and remediation services, has acquired Comstock Environmental Services, LLC (Comstock Environmental), a Pennsylvania-based EH&S consulting firm and subsidiary of Comstock Holding Companies, Inc. (Comstock). Comstock Environmental's acquisition will help support August Mack's EH&S services, particularly around the greater-Philadelphia area. EFCG represented Comstock in its sale of Comstock Environmental.

April 1, 2022: GAI Consultants, Inc. (GAI), a Pennsylvania-based engineering, planning, and environmental consulting firm, has acquired PGH Petroleum & Environmental Engineers, LLC (PGH), a Texas-based provider of petroleum engineering, litigation support, and regulatory consulting services, as well as permitting services for the oil and gas industry. The acquisition of PGH will grow GAI’s client base, expand its petroleum engineering services, and help lead to opportunities in the

upstream oil and natural gas market for GAI’s existing staff. EFCG served as

the financial advisor to GAI in its acquisition of PGH.

EFCG Announcements

The Zofnass Program for Sustainable Infrastructure has­ joined the Institute for Sustainable Infrastructure (ISI), moving from Harvard University Graduate School of Design, where it was established 15 years ago. We are honored to recognize our Founder, Paul Zofnass, for his pioneering work in sustainability over the past several decades. His innovation and generosity in creating the Zofnass Program for Sustainable Infrastructure at Harvard University, and partnership with the Institute for Sustainable Infrastructure, led to the creation of the Envision Rating System to measure the sustainability of infrastructure. And as Paul always said, "if you can't measure it, you can't improve it." We look forward to continuing to support ISI in their powerful goals to improve ESG globally.

EFCG’s 22nd Annual CFO Conference brought together over 100 financial leaders of AEC firms, in-person, from April 27-29 in New York City. During the conference, EFCG named Alan Jennat, CFO for Arup Americas region, as CFO of the Year. Alan’s successful financial leadership and focus on meaningfully improving diversity, equity, and inclusion at Arup and around his community were key reasons why we chose Alan as EFCG's CFO of the Year. Congratulations, Alan!

EFCG Team Updates

EFCG is thrilled to introduce our two newest team members!

Jackson Golden VP of Data & Analytics Jackson has a Master's in Computing and Information Technology from the University of Pennsylvania and a Bachelor's from Brown University. Prior to EFCG, Jackson worked for Bain & Company, Teach for America, and as an Analytics Consultant. Katia Fridman Advisory Associate Katia recently received an MBA from Columbia Business School and graduated from Yale University. In addition to her previous work at Credit Suisse and Bloomberg, Katia has worked as a research manager at The Commission for Art Recovery, a nonprofit organization aiming to restitute artworks that had been confiscated during the Holocaust. Welcome, Jackson and Katia!

EFCG 2022 Conferences On-Demand Access

Save the Date!

2022 EFCG Compensation Forum

October 25 - 26, 2022

Using data from our two annual Compensation Surveys and with the expertise and guidance of our Job Matching / Compensation Committee (representatives from Arup, BRPH, CDM Smith, Dewberry, EBI, Jacobs, Moffatt & Nichol, POWER Engineers, Ramboll, Terracon, and Weston Solutions), this Forum will review and react to key trends in the everchanging compensation landscape as firms navigate rising inflation, an intensified war for talent, and ever-increasing compensation demands of top talent. Firms have reported much higher compensation demands from the usual year over year expansion.

Where has your firm seen the biggest shift in compensation demands – has it moved away from traditional salary and bonus to fringe benefits? Do you have new incentives that were not offered previously? What is the right balance to motivate employees across the firm? For any questions regarding the Forum, email Dimitri Milionis at

EFCG Articles & Publications

CFOs have a key role to play in making the business case for ESG, driving employee engagement and making sure a company’s strategy has sufficient resources behind it, according to a recent EFCG CFO Conference panel discussion, featuring financial leaders from the US and global a/e/c industry A big thank you to Liz Trew and Environment Analyst for this engaging highlight of EFCG’s 22nd Annual CFO Conference.

A 21-page quarterly analysis of 16 U.S. & Canadian and 9 European & Australian publicly-traded environmental and infrastructure e/c firms. In this publication, we include summary financial profiles for each of the firms, as well as valuations from a variety of benchmarks, operating data and operating trends, and the most relevant financial ratios. Data in the analysis is adjusted to eliminate unusual or non-operating income items and charges in order to make the information more valuable to readers. For more information, email Chien Lim at

EFCG Industry Surveys & Reports

Every year, EFCG conducts multiple in-depth surveys to assess the latest trends from across the industry. Each response is kept completely confidential and no firm-identifiable data is shared. All survey participants, however, do receive a copy of the aggregated results once available. For any questions, email Dimitri Milionis at

EFCG Weekly Briefings

The EFCG Weekly Briefing summarizes the week's key news in the A/E/C industry, including M&A updates, and micro- and macro-trends, aggregated from industry-focused and global news sources. As we follow developments of COVID-19, the weekly briefing will keep you up to date on how firms in our industry are responding.


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