C&M Associates

What C&M Associates does

C&M Associates, Inc. is a Texas-based specialty consulting firm founded in 2004 that provides traffic and revenue (T&R) forecasting and transportation planning services for tolled facilities, including toll roads, bridges, tunnels, and managed lanes. The company produces investment-grade T&R studies, feasibility analyses, and risk assessments that support bond financing, P3 procurement, and operational decisions for state departments of transportation, toll authorities, regional mobility authorities, private developers, and infrastructure investors. C&M also offers adjacent service lines in Bus Rapid Transit consulting, bi-national border planning, and P3 advisory.

The firm's core technology stack combines travel demand modeling at macro, meso, and micro levels (TransCAD, Cube Voyager, VISUM, VISSIM, CORSIM, SYNCHRO, HCS, ArcGIS) with statistical analysis tools (R, SPSS, Biogeme) and dynamic traffic assignment methodologies. Its proprietary risk analysis methodology incorporates feedback from underwriters, credit enhancers, commercial banks, and rating agencies to produce forecast probability assessments that satisfy financial community requirements. The firm has supported more than $120 billion in cumulative debt and equity financing across 200+ studies covering 800+ miles of tolled infrastructure in 25 U.S. states plus international markets.

C&M operates as a privately held professional services firm generating revenue through project-based consulting contracts awarded via qualification-based selection (government clients) and direct procurement or competitive bidding (private clients). The company maintains four offices (Dallas HQ, Arlington VA, Sacramento CA, Orlando FL) to serve priority regional markets and is staffed by senior professionals with 15-30+ years of transportation planning experience, including PhD-level modelers and PE/PTOE-licensed engineers. It was co-founded by U.S. investors and Mexican engineering firm Cal y Mayor y Asociados, S.C., which provides cross-border expertise.

Name

C&M Associates

Legal name

C&M Associates, Inc.

Website

https://candm-associates.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

C&M Associates is a Texas-based specialty consulting firm founded in 2004 that provides investment-grade traffic and revenue forecasting, feasibility studies, and transportation planning for toll roads, managed lanes, and P3 projects, serving state DOTs, toll authorities, and private infrastructure developers across 25 U.S. states.

Ownership category

akta.pro rank

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Traffic and Revenue Consulting Services: Professional consulting services providing traffic and revenue forecasts, feasibility studies, and planning services for toll road, bridge, tunnel, and managed lane projects. Revenue is generated through project-based contracts with government agencies, toll authorities, and private developers. Services range from preliminary feasibility studies to comprehensive investment-grade T&R studies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

C&M Associates provides traffic and revenue (T&R) consulting services for tolled facilities, including investment-grade T&R studies, feasibility analyses, travel demand modeling, traffic simulation (macro, meso, and micro levels), and risk analysis. The firm also delivers managed lanes consulting, public-private partnership (P3) advisory, U.S. border transportation planning, and bus rapid transit (BRT) consulting for state DOTs, toll authorities, regional mobility authorities, and private concessionaires.

Product overview

C&M Associates is a specialist consulting firm providing traffic and revenue (T&R) forecasting and transportation planning services for tolled facilities. The company operates as a unified service offering organized around four core service areas: Traffic and Revenue Studies (including investment-grade forecasts, risk analysis, and forecast auditing), Transportation Planning at U.S. Borders (covering bi-national trade flows and freight movement), Bus Rapid Transit Consulting (spanning conceptual and detailed design), and Managed Lanes Consulting (encompassing HOT lanes, express lanes, and dynamic tolling). The firm also provides Public-Private Partnership advisory services including legal framework development and independent engineering oversight. These services are delivered through professional consulting engagements rather than software products.

Differentiator

Problem solved

Functional benefit

Products and services

• Traffic and Revenue Studies Production and review of traffic and revenue forecasts to support conceptual analysis, feasibility analysis, planning, and financing of tolled facilities, including investment-grade studies, greenfield and brownfield project forecasts, and toll system analysis for state DOTs, toll authorities, and concessionaires.
• Transportation Planning at U.S. Borders Transportation planning services for Mexico, Canada, and United States border crossings, including bi-national trade flow analyses, freight movement analysis, and Public-Private Partnership development support.
• Bus Rapid Transit Consulting Consulting services for Bus Rapid Transit system design, including operations planning, technology application, and facility design for cities in the United States and Latin America.
• Managed Lanes Consulting Consulting services for managed lane projects including HOT lanes, express lanes, and value pricing strategies, covering public and private entities across multiple states with experience in dynamic tolling and congestion management.
• Public-Private Partnership Advisory Advisory services covering feasibility analysis, legal concession frameworks, concession-award process management, and independent engineering services for oversight of toll road operations on behalf of trusts and bondholders.

Quantifiable outcome

• $120 Billion in debt plus equity financing supported by C&M's studies
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Cal y Mayor y Asociados, S.C.coreStrategic or Co-development PartnerC&M Associates was founded by local investors and Cal y Mayor y Asociados, S.C., a premier Latin-American engineering firm with offices and operations in 13 countries. This partnership provides C&M with international expertise in transportation infrastructure planning, BRT systems, and cross-border transportation projects.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• HDR Inc. Engineering and consulting firm with a transportation practice that includes toll road planning, T&R analysis, and managed lane consulting for state DOTs and turnpike authorities, comparable to C&M but with a much broader service mix.
• HNTB Corporation: Large U.S. transportation infrastructure firm delivering toll road, managed lane, and P3 advisory services for state DOTs and toll authorities; competes for the same investment-grade T&R study contracts as C&M but with a much broader engineering portfolio.
• Stantec: Global engineering and consulting firm with a transportation infrastructure practice covering toll road feasibility, T&R studies, and managed lane consulting for state and regional clients across the U.S.
• CDM Smith: Global engineering and consulting firm with a transportation practice covering toll feasibility, T&R forecasting, and P3 advisory for public agencies — overlapping with C&M on T&R and managed lane work, though as part of a much wider infrastructure portfolio.
• Kimley-Horn: U.S. planning and engineering consultancy with strong transportation and traffic forecasting practices serving state DOTs, MPOs, and toll authorities on T&R and managed lane assignments comparable to C&M's work.
• Jacobs Engineering: Global professional services firm delivering transportation planning, traffic forecasting, and P3 advisory for toll road and managed lane programs; competes with C&M on T&R studies as part of a much larger engineering portfolio.
• Parsons Corporation: Engineering and defense firm with a transportation infrastructure group providing traffic studies, toll road planning, and P3 advisory services to state DOTs and toll authorities, overlapping with C&M on T&R and managed lane engagements.
• WSP USA: Global engineering consultancy with a significant transportation planning and toll/managed lane practice, providing traffic forecasting, T&R studies, and P3 advisory to DOTs and toll authorities across the U.S.

Direct peers

• Cambridge Systematics: Specialist transportation planning and traffic forecasting consultancy that performs investment-grade T&R studies, travel demand modeling, and risk analysis for toll authorities, state DOTs, and transit agencies — directly comparable to C&M's core service offering.
• Steer Group (Steer Davies & Gleave): Independent transportation consultancy providing traffic forecasting, T&R studies, and P3 advisory for toll roads and managed lanes internationally — comparable in service mix and client base to C&M, though primarily U.K.-headquartered.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about C&M Associates