Sep 16, 2024, 6:30 AM
Sep 16, 2024, 6:30 AM

Traffic & Mobility Consultants Acquires Propel Engineering

Highlights
  • Traffic & Mobility Consultants (TMC) has acquired Propel Engineering, enhancing its capabilities in Florida's transportation engineering market.
  • Propel Engineering specializes in highway design, traffic analysis, and structural design, primarily serving the public sector.
  • The acquisition is expected to accelerate TMC's growth and expand its service offerings, allowing for larger and more impactful projects.
Story

Traffic & Mobility Consultants (TMC), a prominent transportation planning and traffic engineering firm, has acquired Propel Engineering, a civil engineering firm based in West Palm Beach, Florida. This acquisition is part of Grovecourt Capital Partners' strategy to enhance TMC's capabilities in Florida's transportation engineering market. Propel, founded in 2013, specializes in highway design, traffic analysis, and structural design, primarily serving the public sector, including the Florida Department of Transportation. The acquisition follows TMC's previous purchases of O'Rourke Engineering & Planning and Lincks & Associates earlier in 2024, marking Propel as the third addition to TMC's portfolio. The CEO of TMC, Mohammed Abdallah, emphasized that this partnership will accelerate growth and expand TMC's service offerings, leveraging Propel's established customer relationships and technical expertise. Maj Alam, the Founder and President of Propel Engineering, expressed enthusiasm about the merger, highlighting the potential for tackling larger projects and enhancing service delivery to clients. The collaboration aims to address complex engineering challenges and contribute significantly to Florida's transportation infrastructure development. The financial details of the acquisition remain undisclosed, with legal and financial advisors from Greenberg Traurig and Cross Keys Capital involved in the transaction. This strategic move positions TMC as a more diversified provider of transportation engineering solutions in Florida, aiming to create more opportunities for Propel and its talented team.

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