Houlihan Lokey Advises Consor Holdings

Houlihan Lokey is pleased to announce the sale of Consor Holdings LLC (Consor), a portfolio company of Keystone Capital (Keystone), to New Mountain Capital. The transaction closed on May 9, 2024.

Consor is a leading North American transportation and water infrastructure consulting firm offering planning, engineering design, structural assessment, program management, and construction services. Consor has deep relationships with state departments of transportation, municipalities, utilities, and other public and private customers throughout the United States and Canada. With more than 1,700 employees, Consor is focused on going above, below, and beyond the surface to move people and communities forward by maintaining and improving critical infrastructure.

With roots dating back over 40 years, Consor provides civil infrastructure planning, engineering design, structural assessment, program management, and consulting services to public and private sector clients across transportation and water markets. Consor is well established in the largest, growing markets within North America.

Keystone is a private investment firm based in Chicago, Illinois. Formed in 1994, its mission is to acquire and build a portfolio of exceptionally high-quality, midsized businesses that are leaders in their niche markets.

New Mountain Capital is a New York-based investment firm that emphasizes business building and growth rather than debt as it pursues long-term capital appreciation. The firm currently manages private equity, credit, and net lease investment strategies with more than $50 billion in assets under management.

Houlihan Lokey served as a financial advisor to Consor and Keystone.

This transaction underscores Houlihan Lokey’s success and preeminent position in the engineering and infrastructure services sector.

RELATED: Business Services, Engineering and Infrastructure, Corporate Finance, Mergers & Acquisitions