The New Environment for Consolidation

by Paul J. Zofnass, Pres.; Environmental Financial Consulting Group Inc., New York,


Serial Information: Civil Engineering—ASCE, 1998, Vol. 68, Issue 10, Pg. 80-83


Document Type: Feature article

Abstract:

Environmental consulting firms are planning more acquisitions�and to acquire more companies each time they do�in 1998 than in previous years. This finding, from an exclusive survey by Environmental Financial Consulting Group�shows the merger trend continues, but for changing reasons. Whereas environmental firms once bought other firms to offer a wider array of services to clients, they're now doing so to reduce costs and benefit from increased purchasing power, or to move into more commercially marketable services.

Subject Headings: Consulting services | Financial management | Client relationships | Benefit cost ratios

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