TranSystem Completes Merger With Pennsylvania-based Gannett Fleming

Posted August 9, 2024

TranSystem announced it has completed a strategic merger with Pennsylvania-based engineering firm Gannett Fleming.

The merger joins the companies with approximately $1.3 billion in revenue and a highly skilled workforce of more than 5,000 employees, according to the announcement. Terms of the transaction were not disclosed.

As part of the merger, Tim Rock, who became chief executive officer of TranSystems in January, has transitioned to co-president and chief operating officer of the new company. Rock will work alongside co-president and chief financial officer, Jim Nevada of Gannett Fleming.

Bob Scaer, Gannett Fleming’s chief executive officer, has retired and transitioned to the board of directors.

Rock and Nevada will work together in leading the company while the board of directors continues their search for a new CEO.

“This is a transformational combination that will better position us to capture growth in the market, providing our employees with more career opportunities and our customers with a broader range of services, including complementary offerings in facilities, water, and power engineering as part of a larger and more diversified organization,” Rock said in the announcement.

Headquartered in Camp Hill, PA, Gannett Fleming is an architecture, engineering, and construction firm providing solutions to the transportation, life sciences, water resources, education, industrial, federal, power, and energy markets. The company was founded in 1915 and employs over 3,000 workers. Gannett Fleming is a portfolio company of OceanSound Partners.

Houlihan Lokey, Inc. acted as financial advisor to TranSystems.