Doeren Mayhew Assists in Sell of Excel Engineering
HOUSTON – Oct. 22, 2013 – Doeren Mayhew recently assisted engineering consulting client Excel Engineering in selling to Copenhagen-based Ramboll, an international oil and gas consultancy with nearly 10,000 employees worldwide.
With more than 30 years of sell-side experience, Doeren Mayhew’s Houston investment bankers and due diligence professionals facilitated the transaction for client Excel Engineering, taking the company to market and working with multiple bidders to identify the right deal.
“The sale of Excel Engineering was a rewarding transaction for our team, as we not only helped our sellers meet their exit objectives, but also helped a buyer put its flag in the ground here in the United States,” said Tim Moore, Houston managing partner for Doeren Mayhew. “We are pleased to be a part of Ramboll’s entrance into the Houston oil and gas space.”
“The transaction is the most recent example of a trend of increased international interest in the Houston market,” said Steven Silverman, shareholder for Doeren Mayhew’s Houston investment banking team.
“This deal generated interest from buyers around the world, which is no surprise considering Houston’s oil and gas economy,” said Silverman. “We continue to see increased foreign interest in our deals as overseas buyers look to stake their claim here in our energy capitol.”