Consor Engineers (“Consor”), a leading North American engineering and advisory firm at the forefront of infrastructure modernization with differentiated capabilities across resiliency, reliability, sustainability, and security, today announced the acquisition of Cavnue, a leader and innovator in the development and deployment of smart road technologies. Cavnue’s smart roads integrated platform, underpinned by its AI-enabled technologies, delivers a digital twin of the entire roadway environment and leverages sensors, cameras, and digital infrastructure to provide real-time visibility into traffic operations and hazards, enhancing safety and efficiency for today’s road operators and users and the advanced vehicles of the future.
Consor is backed by New Mountain Capital (“New Mountain”), a leading growth-oriented investment firm with nearly $60 billion in assets under management. Incubated and developed by Sidewalk Infrastructure Partners (SIP), Cavnue grew from an early concept into a commercially operating company with projects across the United States.
“This acquisition is consistent with our strategy to expand on our differentiated capabilities to support infrastructure modernization,” said Hisham Mahmoud, Executive Chairman of Consor. “Cavnue and Consor together bring a powerful combination of integrated go-to-market capabilities and complementary technical expertise to help deliver smarter, safer, and more efficient infrastructure outcomes.”
"The growing demand for smart roadway technologies reflects how quickly transportation infrastructure is evolving," said Patrick Cassity, President and Chief Executive Officer of Consor. “Clients are increasingly looking for effective, digitally enabled solutions that can be deployed at scale, and a combination of Cavnue and Consor strengthens our ability to meet those needs.”
"Combining our digital roadway technologies with Consor’s transportation engineering and delivery expertise will accelerate the deployment of our solutions to more clients," said Tyler Duvall, Chief Executive Officer and Co-Founder of Cavnue. "Our teams share a strong alignment around innovation and impact, and we’re energized by the opportunity to work together as we grow.”
About Consor
Consor is a leading North American engineering and consulting firm at the forefront of infrastructure modernization with differentiated capabilities across resiliency, reliability, sustainability, and security. The firm offers boutique and integrated advisory, planning, engineering design, program and construction management, and structural assessment services with expertise in the areas of transportation and water. Consor has deep relationships with state departments of transportation, municipalities, utilities, and other public and private clients throughout the United States and Canada. With 1,800 employees, Consor is focused on going above, below, and beyond the surface to move people and communities forward by maintaining and improving critical infrastructure. For more information on Consor, please visit https://www.consoreng.com/.
About Cavnue
Cavnue develops and deploys advanced technologies for the next generation of roadways, enabling complete awareness of roadway hazards, events, and emerging risks. Smart roadways enhance awareness in real time and deliver proactive guidance to road users and operators. By creating digital roadways that connect vehicles to infrastructure in real time, Cavnue is working to make transportation safer, more efficient, and better suited to the future of mobility. Learn more at www.cavnue.com.
About SIP
Sidewalk Infrastructure Partners (SIP) is a consolidated holding company that builds breakthrough businesses and projects that enable the next generation of critical energy and digital infrastructure systems. SIP’s operating businesses deliver the resilient, intelligent, and scalable energy and compute systems required to unlock infrastructure capacity and accelerate economic progress. Learn more at www.sidewalkinfra.com.
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Media Contacts:
Consor:
Judith Edwards
Director, Communications
judith.edwards@consoreng.com
Cavnue: press@cavnue.com