The Kleinfelder Group Inc, which is backed by Wind Point Partners, has acquired the geotechnical, environmental and materials testing division of Advantage Engineers G&E. No financial terms were disclosed.
Chicago, IL, December 11, 2019 – Wind Point Partners and portfolio company The Kleinfelder Group, Inc. (“Kleinfelder”), a leading engineering, construction management, design, and environmental professional services firm, are pleased to announce that Kleinfelder has acquired the geotechnical, environmental, and materials testing division of Advantage Engineers, LLC (“Advantage G&E”). Advantage G&E is a trusted partner to commercial and government clients in the Mid-Atlantic region, operating across industrial real estate, transportation, energy, and utilities markets.
Advantage G&E is uniquely positioned to serve the Industrial Distribution & Logistics and Commercial Development markets, which will be new markets for Kleinfelder in the Mid-Atlantic region and enhance existing service offerings for new and existing clients. The combined organization will serve clients throughout the U.S. With the transaction, Kleinfelder is adding new office locations in Pennsylvania, New Jersey, and Maryland.
“The Advantage transaction brings additional capabilities to our Mid-Atlantic business and perfectly complements Kleinfelder’s operations as a whole,” said Kleinfelder’s President and CEO, Louis Armstrong. “We now have a strong materials testing practice that seamlessly integrates with our existing geotechnical and environmental practices in the region. This additional expertise can be leveraged to deliver added value to existing clients, as well as create opportunities with new clients that will fuel growth.”
Nathan Brown, Managing Director at Wind Point Partners, commented, “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.”
Following the transaction, Advantage G&E’s employees, including President Dan Schauble, will join the Kleinfelder organization.
Mr. Schauble stated, “I am excited to join Kleinfelder. 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.”
Advantage G&E represents the first acquisition for Kleinfelder since the company’s November 2018 partnership with Wind Point. Kleinfelder’s acquisition strategy will continue to focus on acquiring leading engineering, environmental and professional services firms with complementary employee-focused cultures and trusted commitment to clients.
Winston & Strawn LLP served as legal counsel to Kleinfelder. Bengur Bryan & Co., Inc. provided transaction advisory services and McNees Law Firm served as legal counsel to Advantage Engineers, LLC.
About The Kleinfelder Group
Founded in 1961, Kleinfelder is a leading engineering, construction management, design, and environmental professional services firm. Kleinfelder operates from over 60 office locations in the United States, Canada, and Australia. The company is headquartered in San Diego, California.
Additional information about Kleinfelder is available at www.kleinfelder.com or www.linkedin.com/company/kleinfelder/.
About Wind Point Partners
Wind Point Partners is a Chicago-based private equity investment firm with approximately $3 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. The firm targets investments in the consumer products, industrial products and business services sectors. Wind Point is currently investing out of Wind Point Partners IX, a fund that was initiated in 2019.
Additional information about Wind Point is available at www.windpointpartners.com.