AG&E, a Dallas-headquartered provider of structural engineering services, has been acquired by Liftout Capital.
AG&E’s core services include data center structural engineering, the design of airport terminals and hangars, and the design of complex industrial structural systems. Customers of the company include developers, architecture firms, contractors, and institutional clients across North America, with a strong presence in the data center sector.
AG&E was founded in 2006 by CEO Sanjay Agrawal and, according to the company, is the largest data center structural engineering firm in North America.
“I intend to lead AG&E in becoming the ‘obvious choice’ partner in our target market sectors and, in the process, become one of the largest structural engineering platforms in North America by the end of this decade,” said Mr. Agrawal.
“We are thrilled to partner with AG&E, a company that shares our vision for growth and excellence,” said Eric Wolf, a partner at Liftout Capital. “Sanjay has built an exceptional team around an obsessively client-focused culture and a reputation for delivering innovative solutions. We look forward to supporting AG&E’s next chapter of expansion and helping them achieve their ambitious goals.”
Liftout Capital invests in founder-owned business and industrial service companies that have EBITDA of $3 million to $10 million. Sectors of specific interest include utility services, engineering and construction, testing and inspection, education and training, residential services, and information services. The Denver-headquartered firm was founded in January 2023 by Eric Wolf and Bo Sutton. Both founders were former professionals at Bow River Capital.
“This strategic investment reflects our confidence in AG&E’s market position and growth potential. We are excited to collaborate with their talented team to build on their legacy of success and drive value for their clients and stakeholders,” said Mr. Sutton.
Debt financing for the buy of AG&E was provided by Tree Line Capital.
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