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8/9/2019 Down But Not Out - An Overview of M&A Activity in the AEC Industry
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iohodnhd r`m j}wnhmww ec bmwndh # gehwrz}grneh
Jewreh
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W|mofmz Jogfdze}hb
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[tmndT`nrm Cnhohgnoa Obsnwez~ Wmzsngmw
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Nhb}wrz~ Jogfbze|
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Nhb}wrz~ Jogfbze|
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Nhb}wrz~ Jogfbze|
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Rebo~w I#O Iozfmr J}~mzw
J}~mzw ozm wrnzznhd odonhaetmz soa}ornehw mhrngnhd j}~mzw
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Rebo~w I#O Iozfmr ) Wmaamzw
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Rebo~w I#O Iozfmr Bnwrzmwwmb I#O
Nhgzmownhd h}ijmz ec OMG cnziw tnaa cogm wmsmzm zmwrz}gr}znhd!nhweasmhg~! ez johfz}|rg~ gnzg}iwrohgmw nh :
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Rebo~w I#O Iozfmr
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Rebo~w I#O Iozfmr
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T`or bemw o r~|ngoa bmoa aeef anfm5
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T`or bemw o r~|ngoa bmoa aeef anfm5
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ec r`m |ozrw o||zeog` eh j}~mz go|nroan{orneh sw( deoaw%odmw ec
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gae}b~ e}raeef ohb }hgmzronh jogfaed! j}r goh jm jozznmz re
g}ar}zoa nhrmdzorneh
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gei|mhworneh wrz}gr}zmw ozm fm~
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Tormz Zmwe}zgmw! Tormz%Towrmtormz Nhczowrz}gr}zm! Wrezitormz%Wmtmz! Bmwoanhorneh
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Bmwnzmb J}~mz Gznrmzno
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Soa}ornehw
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Soa}ornehw
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Odnhd joj~)jeeimz bmiedzo|`ngw
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ce}hbmb OMG cnziw nh 4
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Gehrnh}mb go|nroa w|mhbnhd
Nw R`nw Ogrnsnr~ W}wronhojam5
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|ogfodm5 Tnaa iezm geim5 J}bdmr rzobm)eccw aeei(
Mhsnzehimhroa gehwgne}whmww nw `mzm re wro~
Beimwrng hmmbw nh `moar`gozm! dzmmh j}nabnhd! oarmzhornsm
mhmzd~! tormz w}||a~ ohb towrmtormz! |etmz # mhmzd~!
osnorneh! |ezrw! rzohw|ezrorneh! nd`to~w! ohb jznbdmw
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Nhrmzhornehoa bmiohb cez ](W( cnziw
Nw R`nw Ogrnsnr~ W}wronhojam5
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bmsmae|nhd zmdnehw tnr` dzmormz j}nabnhd ohb gehwrz}grneh
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waetmz dzetr` |zew|mgrw or `eim sw( er`mz daejoa zmdnehw
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Wioaamz tezab mh`ohgnhd bmoa geii}hngorneh ohb
nhrmdzorneh ogzeww jezbmzw
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Mgeheing Zmgmwwneh
I#O Znwf Cogrezw
Zmoanr~ ec anhdmznhd mgeheing zmgmwwneh ohb aewr bmgobm!
kejw bnwo||moznhd cez ioh~ ozg`nrmgrw! mhdnhmmzw! |aohhmzw
Aetmz znwf o||mrnrm t`mh snwnjnanr~ nw }hgamoz ]hbmzwrohbnhd r`or `mob~ soa}ornehw ind`r her jm jogf
weeh
@et tnaa soa}ornehw ni|ogr I#O ohb nhrmzhoa ethmzw`n|
rzohwnrneh |aohw5
@etmsmz! zmgmwwneh io~ oggmamzorm oazmob~ gehweanbornhd
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Nhrmdzorneh nhbndmwrneh5
I#O Znwf Cogrezw
Iezm OMG cnziw ozm bndmwrnhd bmoaw czei :
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Zmronhnhd ganmhrw ohb iernsornhd fm~ wrocc
I#O Znwf Cogrezw
Zmwmhrimhr oiehd r`m inheznr~)nhrmzmwr ez heh)ethmzw
io~ anhdmz
Bmoa soa}m tnaa jm wndhncngohra~ bninhnw`mb nc fm~ roamhrmpnrw |ewr gaewnhd
Gei|mrnrezw tnaa geim ocrmz rozdmrw ganmhrw ohb wrocc
G}ar}zoa cnr ohb cnzi nhrmdzorneh nw fm~ ohb iewr bnccng}ar
|ozr ec I#O |zegmww/
T`or w~hmzd~55
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Gehrogr Nhceziorneh
Wrmsm Dnbe! GCO
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