CAI-backed CMT buys consulting engineering business CTC-Geotek

CTC is CMT’s fifth acquisition since inception and its third since partnering with CAI Capital in September 2020.

  • CTC-Geotek offers services in construction material testing and inspection, specialty testing, geological consulting and geotechnical and environmental engineering services
  • CMT is a full-service construction engineering management and consulting company
  • CMT is seeking new add-on acquisitions and partnership opportunities

CMT Technical Services, backed by CAI Capital Partners, has closed its acquisition of Denver, Colorado-based CTC-Geotek. No financial terms were disclosed.

CTC is a consulting engineering business that offers services in construction material testing and inspection, specialty testing, geological consulting and geotechnical and environmental engineering services.

The deal is West Valley, Utah-based CMT’s fifth acquisition since its inception and the third since CAI’s investment in September 2020. The company will continue to seek out new add-on acquisitions and partnership opportunities, according to CAI.

CMT’s pick up of CTC follows on from the company’s acquisition of Cesare in March, as reported by PE Hub.

CAI is a Vancouver-based mid-market private equity firm that has invested more than C$1.5 billion over three decades. The firm invests in North American businesses, typically founder owned or led and with $3 million or more of EBITDA across business services or specialty manufacturing.