TAMPA, Fla.--(BUSINESS WIRE)--King Engineering, a Florida based Engineering firm, has acquired Stouten-Cramer, a Southwest Florida based surveying firm. Recently, King Engineering also merged with the Ardurra Group, a Texas, Louisiana, and New York Engineering and Disaster Recovery firm.
The combined entity will retain significant employee ownership, with the two principal owners from Stouten-Cramer moving into key roles in the organization and joining twenty-six employee owners from the Ardurra Group and King Engineering.
Stouten-Cramer CEO Jeff Stouten explained: “We seek to become the leading survey firm in the Southeast and King’s management and growth strategy provide the best opportunity to do so.”
King Engineering Survey Practice Leader Dave Greer, explained that “Our employees and clients come first. This acquisition adds first class managers in the form of Jeff Stouten and Keith Cramer and a forty-year history of exemplary work in South West Florida. We at King are extremely proud to have a quality firm and people join our team.”
The combined entity has a leadership position in three areas:
Water/Wastewater engineering and Water Resources
Land Development in the Southeast, with capabilities in Civil, Ecological, Survey, and transportation planning
Stradling Yocca Carlson & Rauth, P.C. acted as legal counsel, and BDO USA, LLP acted as financial and tax advisor on behalf of RTC Partners and its affiliates.
The combined entity will operate as a portfolio company of RTC Partners, 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.