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New Deal


Announced

Completed

GPI completed the acquisition of Horizon Engineering.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private

Completed

United States

Friendly

Domestic

Engineering Consulting

Majority

civil engineering

Acquisition

Synopsis

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GPI, an engineering consulting firm, completed the acquisition of Horizon Engineering, a Civil Engineering services provider. Financial terms were not disclosed. "As this transition of ownership occurs, very little will change on a day-to-day basis. We will continue to operate as Horizon for the balance of 2021 and then fully transition into GPI. GPI's commitments to staff development and community involvement were some of the reasons we saw this as a perfect fit that will give the Horizon employees the opportunities that they deserve. I have every confidence that this transition into the GPI family will be successful and will allow us to grow both individually and as a company, as we continue to be good stewards of our resources and abilities, which we know can only be accomplished through teamwork," Scott Seck, Horizon Principal.

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