Traffic & Mobility Consultants (TMC) completes acquisition of Propel Engineering, Inc. to expand its transportation engineering solutions
Acquiring Company
Traffic & Mobility Consultants
Acquired Company
Propel Engineering
OrlandoWest Palm BeachTransportationGovernmentConsultingConstructionCivil EngineeringDescription
Traffic & Mobility Consultants (TMC), backed by Grovecourt Capital Partners, has successfully acquired Propel Engineering, Inc., a distinguished civil engineering firm specializing in highway design, traffic analysis, and structural design services. This strategic acquisition further enhances TMC's capabilities and scale, positioning it to become a diversified transportation engineering solutions provider in Florida, with the ability to deliver innovative solutions for complex engineering challenges.
Quick answer
Traffic & Mobility Consultants is acquiring Propel Engineering, announced September 16, 2024. Traffic & Mobility Consultants is based in Orlando, Florida, United States.
- How much did Traffic & Mobility Consultants pay for Propel Engineering?
- The deal value was not disclosed.
- What does Traffic & Mobility Consultants do?
- Traffic & Mobility Consultants LLC (TMC) is a Florida-based engineering company specializing in Transportation Engineering and Planning.
- Where are Traffic & Mobility Consultants and Propel Engineering based?
- Traffic & Mobility Consultants is based in Orlando, Florida, United States. Propel Engineering is based in West Palm Beach, Florida, United States.
- Who are the decision-makers at Traffic & Mobility Consultants?
- Fundz holds 1 contact at Traffic & Mobility Consultants. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Propel Engineering?
Propel Engineering was acquired by Traffic & Mobility Consultants, based in Orlando. The deal was reported on September 16, 2024. Traffic & Mobility Consultants LLC (TMC) is a Florida-based engineering company specializing in Transportation Engineering and Planning. Founded in 2012, TMC serves both private- and public-sector clients. Traffic & Mobility Consultants is privately held and operates in Transportation.
When did Traffic & Mobility Consultants acquire Propel Engineering?
Traffic & Mobility Consultants's acquisition of Propel Engineering was reported on September 16, 2024. Traffic & Mobility Consultants (TMC), backed by Grovecourt Capital Partners, has successfully acquired Propel Engineering, Inc., a distinguished civil engineering firm specializing in highway design, traffic analysis, and structural design services. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Propel Engineering do?
Propel Engineering, Inc. is a distinguished civil engineering firm established in 2013, with a focus on highway design, traffic analysis, structural design, and environmental engineering services. It is privately held, operating in Consulting, and is based in West Palm Beach.
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