Yenni Capital buys engineering design services company Steven Feller

Yenni Capital has acquired Fort Lauderdale, Florida-based Steven Feller P.E., an engineering design services company. No financial terms were disclosed. Benchmark International provided financial advice to Steven Feller on the transaction.

PRESS RELEASE

NEW YORK, Sept. 29, 2016 — Yenni Capital, a private equity investment firm, announced today that it has acquired Steven Feller P.E. (“Steven Feller” or the “Company”), an engineering design services company. Financial terms of the transaction were not disclosed.

Based in Fort Lauderdale, Florida, Steven Feller has historically focused its operations in Southeast Florida and has completed engineering design work for many of the largest projects in the region. Over more than three decades of its existence, the Company has developed an impeccable reputation among its diversified and distinguished customer base of architectural firms, developers and general contractors, with 90% repeat business from its customers. Having successfully navigated several economic cycles, owing to its consistently healthy business backlog and pipeline of new projects, the Company has proven itself to be an acknowledged leader in its niche.

Yenni Capital’s strategic partnership with Steven Feller is intended to accelerate the Company’s expansion into new geographical markets and sectors, and drive efficiencies through stronger financial and project management controls. The investment was executed via Yenni Income Opportunities Fund I (the “Fund”), Yenni Capital’s buyout fund vehicle, in partnership with the Company’s Founder and President Steve Feller, and Braga Investment & Advisory. “We are excited about our acquisition of Steven Feller, a robust franchise with great potential to scale across geographies and sectors,” said Musa Yenni, President of Yenni Capital. “Steve Feller is an excellent entrepreneur and engineer, and we are thrilled to partner with him and his experienced team to take the Company to its next level of sophistication and growth.”

Steve Feller will continue in his current role as President. Mr. Feller said: “I am extremely excited and optimistic about the partnership with Yenni Capital. Together, we will be able to enter new markets and continue to serve our existing and new customers with industry leading engineering design services.”

Dentons US provided legal counsel, and CohnReznick LLP provided financial and accounting due diligence to Yenni Capital for the transaction. Benchmark International served as financial advisor to the Company.

About Steven Feller P.E.
Steven Feller P.E. was founded in Fort Lauderdale, Florida in 1979 by Steve Feller as an engineering design services firm catering primarily to large-scale development projects in the Southeast. Steven Feller markets itself as a turn-key outsourced service provider to architectural firms and developers who rely upon Steven Feller’s expertise in designing reliable infrastructure components to support the largest commercial and residential development projects in the nation. Over its history, Steven Feller has exhibited a 95% success rate in securing bids which utilize its entire suite of design and service capabilities (HVAC, Electrical, Plumbing and Fire Suppression) affording it the ability to provide an end-to-end solution for its architect and real estate developer customers. Steven Feller’s expertise has been applied to new construction projects as well as to retrofit and reuse of existing and historic buildings in a wide range of industries. Steven Feller’s highly qualified engineers, decades of industry experience and impeccable reputation have allowed it to successfully complete thousands of projects nationally and internationally.

Steven Feller is a member of US Green Building Council (USGBC) and also has joint venture arrangements with several established and certified women-owned and African-American owned engineering firms with minority status.

For more information about Steven Feller, visit www.fellerpe.com.

About Yenni Capital
Yenni Capital is a New York based private investment firm founded by Musa Yenni, a seasoned entrepreneur and investor in small businesses. Yenni Capital has established Yenni Income Opportunities Fund I, L.P. to acquire, in proprietary non-auctioned transactions, majority equity ownership in privately held operating companies across a variety of industries. The Fund’s investment objective is to generate and distribute current income, and provide long-term capital appreciation through control investments in highly profitable, scalable and low capital expenditure requiring US companies. Yenni Capital believes that the management expertise it brings to its portfolio companies enables them to unlock value, and achieve transparency and growth. The Fund is currently accepting commitments from new investors.

For more information about Yenni Capital, visit www.yennicapital.com.