While mega deals such as Balfour Beatty acquiring Parsons Brinckerhoff and Arcadis buying Malcolm Pirnie made the headlines in 2009, many smaller and medium-sized transactions continue to take place under the radar screen. In fact, the recession may end up accelerating the industry’s consolidation trend, and many A/E/C firms are looking to explore their strategic growth or ownership transition alternatives in 2010. Where does your firm stand? Find out when you listen to “Down But Not Out - An Overview of M&A Activity in the AEC Industry”. In this 90-minute webinar, Steve Gido, CFA and Principal of ZweigWhite's Merger & Acquisition Advisory Services, assesses the current M&A environment, highlight recent notable transactions, analyze “hot” and “cold” markets, and discuss economic, valuation, tax, and demographic factors that are driving the M&A market heading in 2010. In order to download the file,kindly click on the below link: http://www.zweigwhite.com/p-895-down-but-not-out-an-overview-of-ma-activity-in-the-aec-industry.aspx

1. managing the business of design & construction Down But Not Out An Overview of AEC M&A Activity for 2010 February 18, 2010 Presented by: Steve Gido, CFA Principal ZweigWhite Financial Advisory Services Boston 321 Commonwealth Road Suite 101 Wayland, MA 01778 1-800-466-6275 Washington, DC 1001 N. 19 th Street Suite 1200 Arlington, VA 22209 1-202-965-3390 Chicago 221 West Wacker 18 th Floor Chicago, IL 60606 1-239-280-2300

8. Industry Backdrop Visit us at www.zweigwhite.com ZW Indices vs. S&P 500 – January 2009 to Present

9. Industry Backdrop Visit us at www.zweigwhite.com Enterprise Value/EBITDA Multiples – Select AEC Firms 6.2x 6.2x URS 10.6x 11.6x Tetra Tech 9.0x 9.3x Stantec 7.9x 5.6x Shaw Group 3.4x 7.6x Jacobs 8.5x 9.7x Hill 5.0x 5.6x Fluor 6.8x 4.7x Baker 8.0x 11.2x AECOM Dec 2009 6.2x URS Tetra Tech Stantec Shaw Group Jacobs Hill Fluor Baker AECOM Dec 2008

13. Today’s M&A Market FORECAST Visit us at www.zweigwhite.com

14. Today’s M&A Market Percentage of firms with M&A in their Strategic Plan within the next five years Visit us at www.zweigwhite.com

31. Questions ? Visit us at www.zweigwhite.com