The Kleinfelder Group, a portfolio company of Wind Point Partners since November 2018, has acquired the geotechnical, environmental, and materials testing division of Advantage Engineers (Advantage G&E).
Advantage G&E provides its services to commercial and government clients in the Mid-Atlantic region, operating across the industrial real estate, transportation, energy, and utilities markets. Following the close of this transaction, Advantage G&E’s employees, including President Dan Schauble, will join the Kleinfelder organization.
“I am excited to join Kleinfelder,” said Mr. Schauble. “Their technical capabilities and national footprint will enhance and advance the exceptional geotechnical, environmental, and CoMET consulting services Advantage Engineers has provided for the last two decades.”
The Kleinfelder Group is an engineering, construction management, design and environmental professional services firm. The San Diego headquartered company was founded in 1961 by Jim Kleinfelder and has 60 office locations in the United States, Canada, and Australia.
With the addition of Advantage G&E, Kleinfelder is adding new office locations in Pennsylvania, New Jersey, and Maryland. “The Advantage G&E transaction brings additional capabilities to our Mid-Atlantic business and perfectly complements Kleinfelder’s operations as a whole,” said Louis Armstrong, Kleinfelder’s president and CEO. “With this buy, we now have a strong materials testing practice that seamlessly integrates with our existing geotechnical and environmental practices in the region.”
“Strategic acquisitions like this are a key part of Kleinfelder’s value creation plan, and we are thrilled to be partnering with the very talented and impressive team at Advantage G&E,” said Nathan Brown, a managing director at Wind Point.
The acquisition of Advantage G&E is the first add-on for Kleinfelder under Wind Point ownership. Kleinfelder continues to seek other engineering, environmental and professional services firms.
Chicago-based Wind Point invests from $50 million to $100 million in companies with EBITDAs of at least $10 million. Industries of interest include business services, consumer products and industrial products. Wind Point is currently investing out of Wind Point Partners IX LP which began fundraising in 2019.
Advantage Engineers is a provider of engineering and consulting services in the specialized areas of telecommunications, environmental, geotechnical, and construction materials testing. The company is headquartered near Baltimore in Columbia, Maryland.
© 2019 Private Equity Professional | December 13, 2019
