Miami, Feb 03 — 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.”