After a relatively slow year in 2023, mid-market M&A activity increased in 2024, albeit not to levels experienced in 2022. With inflation under control, a solid economy and decreasing interest rates, M&A activity is expected to continue its upward trend.

One of the transactions completed by Peter Day & Associates in 2024 was as follows:

Engineering

TRI Innovations Consulting sold to North American Rail Solutions
Peter Day & Associates acted as the exclusive M&A advisor for TRI Innovations.

Tri Innovations Consulting is a leading provider of Engineering, Procurement, and Construction (EPC) services, encompassing feasibility studies, detailed design and engineering services, supply chain management, project management, construction and fabrication management, commissioning, and operations support.

Operating from 25 full-service offices strategically located in the U.S. and Canada, North American Rail Solutions provides mission-critical services to its customers that ensure the safety, compliance, and operability of onsite railway assets.

“Working with Peter Day was an absolute pleasure. His professionalism, dedication, and clear communication transformed what could have been a daunting process into a smooth and even enjoyable experience. Peter's expertise was evident from the beginning, particularly in how he structured the LOI, which made later stages of the sale process much easier. His strategic negotiation skills ensured we got the best value for our business. If you are planning to sell your business, I wholeheartedly recommend Peter as your M&A advisor.”

Alan Roberts, CFO, TRI Innovations Consulting