Ardurra Group, which is backed by RTC Partners, has acquired and merged with Houston-based Gunda Corporation, a transportation and public works civil engineering firm. No financial terms were disclosed.
TAMPA, Fla.–(BUSINESS WIRE)–Ardurra Group, Inc. (Ardurra) has acquired and merged with Gunda Corporation (GUNDA), a transportation and public works civil engineering firm based in Houston, TX.
Ardurra Group is an Engineering News-Record Top 500 firm providing consulting and engineering services to public and private entities throughout the U.S.
GUNDA will operate as Gunda Corporation, an Ardurra Group Company, from its offices in Texas and will operate as a platform for transportation engineering services in the central U.S.
Ardurra’s President & CEO, Ernesto Aguilar, explained, “We are excited to partner with GUNDA in entering the Texas transportation market. We feel we have found a great partner who shares a similar culture, market strategy and strong focus on client service. We look forward to continuing to build a special company with Gunda.”
Founder and President of GUNDA, Ramesh Gunda, commented, “We are extremely happy to join the Ardurra family as the next step of our company’s evolution and growth. Our team members, clients, and community have always been our priorities and we believe they will all benefit tremendously from this partnership with Ardurra, its national presence, and the care we share for the people and communities we serve.”
Rajesh Tanwani, Senior Vice President of GUNDA said, “We are excited about the opportunity to step up to the national stage to help clients meet their needs, especially with respect to our successful transportation, Intelligent Transportation Systems, and Smart Cities practices.”
Christopher Lee, Co-Founder and Managing Partner at RTC Partners added “This transaction takes us one step closer to achieving our strategic ambitions of building a national transportation practice. GUNDA has a great client base in a fast-growing market that will complement our expansion goals for the coming years.”
Greenberg Traurig, LLP, acted as legal counsel and CohnReznic, LLP, acted as financial and tax advisor on behalf of Ardurra.
Morrissey Goodale LLC initiated the transaction and advised Gunda Corporation.Ardurra Group, Inc. operates as a portfolio company of RTC Partners, LP. RTC Partners is a New York-based private equity firm that partners with managers of middle market companies to unlock growth opportunities. Further information is available at www.rtcpartners.com.