Mid-market private equity firm Sentinel Capital Partners has closed the merger of its portfolio company TranSystems with Gannett Fleming, another transportation infrastructure service firm and a portfolio company of OceanSound Partners.
Terms of the transaction were not disclosed.
TranSystems provides engineering, architecture, and design consulting solutions for US transportation end markets. With more than 1,800 engineers and technical employees working from 71 offices across the United States, TranSystems serves a diverse client base spanning government, freight, transit, aviation, and intermodal end markets.
Sentinel has extensive experience investing in infrastructure related engineering services businesses. In addition to TranSystems, investments in the sector include Apex Companies (environmental services with a focus on water resources and industrial hygiene); CLS Management Services (infrastructure land management services); and Trinity Consultants (air quality consulting and compliance services).
Houlihan Lokey, AEC Advisors, and Macquarie Capital served as financial advisors to TranSystems.
