Connelly & Wicker joins Prosser | PRIME AE in the Southeast division of the PRIME AE family, simultaneously creating the most robust planning and engineering firm in Northeast Florida. Brad Davis, Senior Vice President of the Southeast Region at PRIME AE, expresses enthusiasm, remarking, “The collaboration between our firms, long discussed among leadership, has finally come to fruition. We could not be more excited to work alongside CWI, offering comprehensive service to our clients. The combination of firms is a real win for our Florida team.”

In line with its vision for strategic growth, PRIME AE aims to develop regional “design and engineering centers” built on client-centric relationships, fostering mutual success for the firm and its customers. CEO Kurt Bergman emphasizes, “Throughout my career, prioritizing client success through strong relationship building has yielded the greatest results. Integrating CWI into the PRIME AE family reinforces this philosophy and propels our vision for the Southeast forward. We are dedicated to advancing engineering, planning, and design services that set the standard in the industry.”

“Partnering with PRIME AE is a great opportunity that we are excited about”, said Rick Welch, Connelly & Wicker Inc. President. “After 41 years of dedicated service, we are happy to join a larger team that will enable us to help the community we care so much about. This will create new opportunities for our employees and our company. Together our team can be even stronger and continue to exceed expectations of clients like we have since 1983.”

PRIME AE’s commitment extends to aggressive investment in the Southeast market, delivering superior regional engineering solutions while upholding nationally recognized excellence in architecture, planning, and design. The firm continues to expand its geographic footprint, service offerings, and capabilities through organic growth and strategic acquisitions. This is PRIME AE’s fifth acquisition in the last five years.

About PRIME AE Group, Inc.:
PRIME AE Group, Inc. is a multi-discipline engineering and architecture firm that connects with clients to find solutions for their complex challenges, while making the most of client resources. Founded in 2007, PRIME AE operates in 9 states and has more than 500+ employees in 21 offices in the U.S. Their professionals creatively design, develop, implement, and maintain the infrastructure, facilities, and amenities needed to create world-class communities, while conserving shared natural resources with sustainable design practices.

PRIME AE is top 500 ENR-ranked firm. For additional information about PRIME AE, visit www.primeeng.com.

About Connelly & Wicker, Inc.:
Connelly & Wicker (CWI), headquartered in Jacksonville, FL with a second office in Orlando, FL, is a multi-disciplined firm providing professional services in both the public and private sectors of civil engineering, highway engineering and design, utility engineering, landscape architecture and environmental permitting. With 40 years of experience, the CWI team brings a tremendous depth of knowledge and experience in servicing commercial, industrial, institutional, recreational, residential, and transportation markets. For additional information, visit www.cwieng.com.

About Newhold Enterprises
NewHold is an operationally focused investment firm that partners with management teams of lower middle market industrial and business services firms with the goal of transforming them into middle market sector leaders. NewHold retains the flexibility to retain ownership in the companies as they grow, thereby encouraging a long-term focus on company culture and sustainable growth. Learn more at www.newhold.com.

Media Contacts:

PRIME AE Group
Savannah Connelly
Director of Communications & Events
904-739-3655
savannah.connelly@primeeng.com

NewHold Enterprises
Amanda Tarplin
Tarplin Consulting
908-872-4804
amanda@tarplinconsulting.com

“F&S Tool is a leader in precision injection molding tools, with best-in-class manufacturing and sampling and unique technology. We believe the company’s unique innovations and intellectual property is a fantastic addition to Berry’s global tooling capability,” said Kevin Charlton, Co-Chairman at NewHold and Vice Chairman of F&S Tool. “It has been a pleasure to partner with JD and Mike Faulkner, our CEO Bryan Mikula, and the entire team at F&S Tool for the past few years and be a part of their history. We wish them continued success under Berry’s leadership.”

F&S Tool was founded in 1983, and NewHold invested in 2020. The company has grown to be a market leader with proprietary technology in high-end growth markets, achieving industry leading cycle-time improvements through proprietary cooling techniques and best-in-class manufacturing/sampling.

About Newhold Enterprises
NewHold is an operationally focused investment firm that partners with management teams of lower middle market industrial and business services firms with the goal of transforming them into middle market sector leaders. NewHold retains the flexibility to retain ownership in the companies as they grow, thereby encouraging a long-term focus on company culture and sustainable growth. Learn more at www.newhold.com.

About F&S Tool
F&S Tool was founded in 1983 and operates a 90,000 square foot facility located on the shores of Lake Erie in Erie, Pennsylvania, USA. F&S Tool specializes in high output, high efficiency hot runner injection molding applications typically with 2-6 million cycles expected per year. In addition to injection molding, F&S Tool is an expert in high volume compression molding applications with similar throughputs. Learn more at www.fstoolinc.com.

Media Contacts:

NewHold Enterprises
Amanda Tarplin
Tarplin Consulting
908-872-4804
amanda@tarplinconsulting.com

Samy joined NewHold in 2021 and has over a decade of experience in private equity, investment banking, and capital markets. At NewHold, Samy has with key responsibilities across the current portfolio, as well as on new transactions. Prior to joining NewHold, Samy was a Director at Citigroup where he covered financial sponsors and SPACs, providing a full range of investment banking services in over 45 transactions including M&A advisory, acquisition finance, equity and debt offerings and private placements. Prior to Citigroup, Samy worked in the leverage finance group at CIT.

Anna joined NewHold as an Associate in 2020, with key responsibilities on the current portfolio as well as new transactions. Anna focuses her efforts on portfolio company operations across the NewHold platform. Prior to joining NewHold, Anna spent three years with PwC’s Management Consulting practice where she served on a variety of strategic engagements related to mergers, divestitures, and legal entity restructurings.

About NewHold
NewHold is an operationally focused investment firm that partners with management teams of lower middle market industrial and business services firms with the goal of transforming them into middle market sector leaders. NewHold retains the flexibility to retain ownership in the companies as they grow, thereby encouraging a long-term focus on company culture and sustainable growth. Learn more at www.newhold.com.

Media Contact:

Amanda Tarplin
Tarplin Consulting
908-872-4804
amanda@tarplinconsulting.com

With almost 68 years in business, the JTL team brings tremendous depth of knowledge and experience, as well as an established group of municipal, state and commercial clients in the Indiana and Kentucky areas. JTL is recognized for superior project delivery and client support across all their business lines. Bringing this organization into the PRIME AE family enhances its Midwestern presence and deepens our combined professional capabilities across our Transportation and Water Resources Engineering, Surveying and Construction Services business lines. This partnership also brings extensive resources and expertise to JTL’s existing staff and clients and provides new opportunities for innovation and solutions across expanded business lines in the Midwest.

“We are thrilled to welcome JTL to the PRIME AE family,” says PRIME AE President and Chief Executive Officer Kurt Bergman. “This transaction is the next step in the evolution of a national multi-discipline Architecture & Engineering firm focused on innovative technical solutions, superior quality work, with our clients and employees at the center of all we do. The partnership between these two teams will enable expanded opportunities for all team members and deepens our Firm’s capability in the Midwest.”

“We look forward to joining forces with PRIME AE and expanding our reach and team in our current markets and broadening our offerings with their extensive platform, all while keeping the same local roots we have always had. Since our founding in 1955, we have been committed to our values of Community, Integrity and Trust and are excited to partner with PRIME AE who shares that same commitment,” said Mike Harris, JTL’s President.

PRIME AE continues to expand its geographic footprint, service offerings and capabilities through organic growth and strategic acquisitions. This is PRIME AE’s fifth acquisition in the last four years.

About PRIME AE Group, Inc.
PRIME AE Group, Inc. is a multi-discipline engineering and architecture firm that connects with clients to find solutions for their complex challenges, while making the most of client resources. Founded in 2007, PRIME AE operates in 10 states and has more than 485 employees in 22 offices in the United States. Their professionals creatively design, develop, implement, and maintain the infrastructure, facilities and amenities needed to create world-class communities, while conserving shared natural resources with sustainable design practices. PRIME AE is top 500 ENR-ranked firm. For additional information about PRIME AE, visit www.primeeng.com.

About Jacobi, Toombs & Lanz, Inc.
Jacobi, Toombs & Lanz (JTL) is an integrated engineering, survey and construction services firm supporting clients in transportation, water resources, and surveying throughout the Indiana and Kentucky infrastructure market. Founded in 1955, the firm has four offices, in two states, with nearly 50 employees. Specializing in civil engineering and land surveying services, the team has completed significant work on the infrastructure in its region for municipal, state and commercial clients. For over sixty-eight years, the firm has been guided by its values of Integrity, Community and Trust. For additional information about JTL, visit www.jtleng.com.

About NewHold
NewHold is an operationally focused investment firm that partners with management teams of lower middle market industrial and business services firms with the goal of transforming them into middle market sector leaders. NewHold retains the flexibility to retain ownership in the companies as they grow, thereby encouraging a long-term focus on company culture and sustainable growth. Learn more at www.newhold.com.

Media Contacts:

PRIME AE Group:
Amanda Gluck
Director of Communications
410-807-8282
amanda.gluck@primeeng.com

NewHold Enterprises:
Amanda Tarplin
Tarplin Consulting
908-872-4804
amanda@tarplinconsulting.com

NewHold will provide capital, as well as industry expertise, and intends to leverage its platform to strategically enhance Tedia’s capabilities and capacity. Tedia will gain significant financial, operational and tactical resources to fund accelerated growth and position the company for its next phase.

“This partnership is an important milestone for the company and our Tedia family. Several years ago, Tedia owners recognized that targeted growth opportunities, in our key markets and with our existing customers, would require significant investment and a partner with additional resources,” said Hoon Choi, President of Tedia. “We are thrilled to partner with NewHold and Tyler Ellison, who share our vision for growth as well as our values.”

NewHold is a long-term holding company and investment firm that partners with middle market industrial and business services companies on their long-term path to growth. NewHold leverages capital investment and industry experience to assist companies in organic and acquisitive growth to achieve long-term goals. The investment in Tedia represents NewHold’s fourth platform.

“We have been working with Tyler Ellison, the former CEO of Nova Molecular Technologies, since 2020, in an effort to find a great platform in the science-focused, specialty chemicals sector.  We couldn’t be happier to be partnering with Tedia to form the core of this platform.  The long history of family ownership, deeply experienced employees and reputation for product quality, position Tedia exceptionally well for future growth,” said Charles Goldman, Co-Chairman of NewHold.

Tyler Ellison will become CEO, bringing 16 years of executive and leadership experience in the chemical space, most recently as CEO of Nova Molecular Technologies. “I am thrilled to join the Tedia team. In partnership with NewHold, we are looking forward to achieving this next phase of growth for Tedia – expanding capacity and investing in supply chain capabilities as well as new products and markets,” said Tyler Ellison.

As part of the transaction, current CEO, Hoon Choi will transition to Chief Innovation Officer & President Emeritus. The founding family and owners will continue to remain owners in the company and retain leadership positions.

Baird Business Owner Solutions and Thompson Hine LLP were advisors to Tedia on the transaction.

About Tedia
Tedia is the largest manufacturer of OEM high-purity solvents in North America, selling its products in more than 30 countries. Tedia is a customer-driven company that excels in providing high-purity solvents for life science, biotechnology, pharmaceutical, laboratory, and industrial applications. Founded in 1975 by Moon Su “Richard” Park, Tedia is headquartered in Fairfield, OH, and has over 100 employees today. The company successfully sold its China operations to Shanghai Titan Scientific Company in December 2021. Learn more at www.tedia.com.

About NewHold
NewHold Enterprises, LLC is a holding company focused on long-term ownership and growth of North American, middle-market industrial and business services companies. Established in 2017, NewHold operates through platforms which are built via organic growth and strategic acquisitions. Each platform strategy is led by an experienced industry executive and is focused on sustained growth and long-term value creation for all stakeholders including employees, customers, suppliers and the communities in which our companies operate. NewHold’s investors consist primarily of family offices seeking long-term capital appreciation through ownership and growth of middle-market, industry-leading companies. Learn more at www.newhold.com.

Media Contacts:

Tedia:
media@tedia.com

NewHold Enterprises:
Amanda Tarplin
Tarplin Consulting
908-872-4804
amanda@tarplinconsulting.com

With almost 40 years of experience, the Prosser team brings tremendous depth of knowledge and experience, as well as an established group of public and private clients. Known regionally by their tag line of Creative Visionaries, Engineering Minds, Prosser’s integration of professionals’ result in innovative and award-winning projects. Bringing this organization into PRIME AE enhances the company’s geographic presence and number of business lines in Florida and the Southeast. This partnership also brings tremendous resources and expertise to Prosser’s existing staff and clients and provides new opportunities for innovation and solutions across new business lines in Florida.

“We are thrilled to welcome Prosser to the PRIME AE family”, says PRIME AE President and Chief Executive Officer Kumar Buvanendaran. “The firms share a similar culture, complementary capabilities and a passion for client and community service. We look forward to continuing to develop as an employer of choice with the addition of Prosser.”

“The hallmark of our success has been to produce innovation and experiences that thrill, inspire, and exceed both our clients’ expectations, and our own,” said Brad Davis, Prosser’s President. “Prosser shares in PRIME AE’s commitment to enhance, maintain, and improve our communities using creative, sustainable, and sound design principals. This is really what stood out to us as we considered joining the PRIME AE family. We are excited for the opportunities this partnership will create for our clients and employees.”

Kurt Bergman, Portfolio Operating Partner and CEO at NewHold AEC added, “This transaction is the next step in the creation of a national multi-discipline AE firm focused on innovative technical solutions, superior quality work, with our clients and employees at the center of all we do. The partnership between these two teams will enable expanded opportunities for all team members.”

PRIME AE continues to expand its geographic footprint, service offerings, and capabilities through organic growth and strategic acquisitions. This is PRIME AE’s fourth acquisition in the last four years.

About PRIME AE Group, Inc.
PRIME AE Group, Inc. is a multi-discipline engineering and architecture firm that connects with clients to find solutions for their complex challenges, while making the most of client resources. Founded in 2007, PRIME AE operates in 9 states and has more than 400 employees in 18 offices on the eastern seaboard of the United States. Their professionals creatively design, develop, implement, and maintain the infrastructure, facilities, and amenities needed to create world-class communities, while conserving shared natural resources with sustainable design practices. PRIME AE is top 500 ENR-ranked firm. For additional information about PRIME AE, visit www.primeeng.com.

About Prosser, Inc.
Prosser is a planning and engineering firm dedicated to turning creative visions into extraordinary realities since 1984. Headquartered in Jacksonville, Florida, they are an integrated planning and engineering firm supporting clients in several diverse markets including the Department of Defense, Transportation, Healthcare, Higher Education, Commercial, Retail, and Residential. For additional information about Prosser, visit www.prosserinc.com.

About NewHold
NewHold is a holding company focused on long-term ownership and growth of North American, middle-market industrial and services companies. Established in 2017, NewHold operates through platforms which are built via acquisitions and organic growth of such companies. Each platform strategy is led by an experienced industry executive and is targeted to reach a minimum of $30 million to $50 million of EBITDA. NewHold’s investors consist primarily of family offices seeking long-term capital appreciation through ownership and growth of middle-market, industry-leading companies. Learn more at www.newhold.com.

Media Contacts

PRIME AE Group
Amanda Gluck
Director of Communications
410-807-8282
amanda.gluck@primeeng.com

NewHold Enterprises
Amanda Tarplin
Tarplin Consulting
908-872-4804
amanda@tarplinconsulting.com

With more than 40 years of experience delivering architectural design, interior architecture, and planning services for private and public clients of all sizes, PBA, now Penza Bailey Architects, operating as a Studio of PRIME AE, has a strong reputation for delivering innovative and award-winning solutions to their client’s project challenges. The PBA staff and portfolio of projects and capabilities strategically complements PRIME AE’s architectural practice in Maryland and expands our capacity to support our local, regional, and national clients.

PRIME AE continues to expand its geographic footprint, service offerings, and capabilities through organic growth and strategic acquisitions, with this being PRIME AE’s third acquisition in the last three years.

“The hallmark of our success is offering client-centered solutions built around the framework of integrated building and interior solutions,” said Jeffrey Penza, Penza Bailey Architects Principal. “We are excited about joining the PRIME AE family and the opportunities this acquisition will create for our employees and clients.”

PBA is like-minded in PRIME AE’s commitment to enhance, maintain, and improve our communities in a responsible manner using innovative, sustainable, and sound architectural principals, while supporting the needs of the community and the environment.

“PBA possesses an outstanding portfolio of projects and a highly-talented team of professionals that support our efforts to strategically grow PRIME AE’s architectural footprint in the mid-Atlantic region,” said Kumar Buvanendaran, PRIME AE President and CEO. “We are thrilled that PBA shares in our strategic goals and to making a design impact across all of our architectural markets.”

About PRIME AE Group, Inc.
PRIME AE Group, Inc. provides a full range of services in architecture and engineering, construction management and inspection, transportation, and water resources. The firm’s philosophy of Connecting, Creating, Conserving, and Community forms the foundation for delivering high-quality, on-time, cost-effective solutions. A leader in the industry, PRIME AE Group is consistently ranked in the ENR’s list of Top 500 Design Firms.

About NewHold
NewHold is a holding company focused on long-term ownership and growth of North American, middle-market industrial and services companies. Established in 2017, NewHold operates through platforms which are built via acquisitions and organic growth of such companies. Each platform strategy is led by an experienced industry executive and is targeted to reach a minimum of $30 million to $50 million of EBITDA. NewHold’s investors consist primarily of family offices seeking long-term capital appreciation through ownership and growth of middle-market, industry-leading companies. Learn more at www.newhold.com.

Media Contacts

CPSM
Ree Miskimon, CPSM
Senior Director of Marketing and Communications
P: 443.610.3921
rmiskimon@primeeng.com

Penza Bailey Architects
Cynthia Stuber
Marketing Director
P: 410.435.6677
cstuber@penzabailey.com

NewHold Enterprises
Amanda Tarplin
Tarplin Consulting
908-872-4804
amanda@tarplinconsulting.com

“Our goal at AllWaste is to build the premier non-hazardous liquid waste business in the southern United States,” said Kevin Charlton, Chairman of AllWaste and Co-Chairman of NewHold. “It has become clear that adding a market-leading composting capability is critical to our strategy. We’re very pleased to welcome Walker Aero to the AllWaste family.”

“This acquisition will not only strengthen our market position, but also our standing as good corporate citizens and stewards of the environment,” said American AllWaste CEO Darrell Rogers. “We recognize the reuse of waste material is a rising expectation of regulators, customers and the communities we serve, and this acquisition moves us solidly in an even more environmentally-friendly direction.”

“American AllWaste’s acquisition of the Walker Aero family of companies is an exciting step forward,” said Walker Aero Co-Founder and President Phillip S. McCammon, V, who will continue on with AllWaste as its General Manager at JV Dirt & Loam. “The combined resources of both companies will create a powerful presence in the Texas municipal and liquid waste markets. I look forward to joining the AllWaste management team and helping to grow the company into the premier service provider in Texas.”

About American AllWaste LLC
AllWaste is an end-to-end service provider targeting the non-hazardous liquid waste industry. It provides service to municipal, commercial and industrial clients seeking solutions for the handling and proper disposal of non-hazardous liquid waste streams, maintenance and repair of infrastructure and periodic statutory testing. The company has operations in Texas (Houston, Austin and Beaumont) and Tennessee (Nashville, Memphis, Knoxville and Chattanooga). AllWaste anticipates expanding its regional footprint through organic growth and strategic acquisitions, while maintaining best-in-class service to its customers. For more information, visit www.allwastecorp.com.

About NewHold
NewHold is a holding company focused on long-term ownership and growth of North American, middle-market industrial and services companies. Established in 2017, NewHold operates through platforms which are built via acquisitions and organic growth of such companies. Each platform strategy is led by an experienced industry executive and is targeted to reach a minimum of $30 million to $50 million of EBITDA. NewHold’s investors consist primarily of family offices seeking long-term capital appreciation through ownership and growth of middle-market, industry-leading companies. Learn more at www.newhold.com.

Media Contacts

American AllWaste LLC
Jim McGrath
Bagala | McGrath
713-660-0982
jim@begalamcgrath.com

NewHold Enterprises
Amanda Tarplin
Tarplin Consulting
908-872-4804
amanda@tarplinconsulting.com

“Prime AE is the cornerstone company in NewHold’s engineering services platform,” said Charles Goldman, chairman of NewHold AEC and co-chairman of NewHold. “Under Kurt Bergman’s leadership, our engineering services platform continues to grow through the acquisition of strategically aligned companies led by experienced and talented managers. We are very enthusiastic about the addition of Integrated Engineering to Prime’s core capabilities and geographic presence.”

“The addition of Integrated Engineering’s expertise and portfolio will allow for the combined firm to expand services to existing clients, increase capabilities and delivery within Kentucky and the surrounding regions while focusing on innovative project solutions for our clients and communities,” said Kurt Bergman, NewHold AEC CEO. “Integrated Engineering brings a highly recognized professional staff, a respected industry reputation, and most importantly, shared values in their dedication to communities.”

“We are thrilled about the opportunities this merger will create for our clients, as well as our employees and business partners. Together, Integrated Engineering and PRIME AE will be able to achieve rapid expansion while delivering the quality engineering that our clients have come to expect,” said Harsha Wijesiri, Integrated Engineering President.

With a combined staff of over 435 professionals, PRIME AE and Integrated Engineering are executing a strategy that unites the combined strength of both firms to best fulfill the goals of our clients and of our employees, positively impacting the communities in which we live and work.

About NewHold
NewHold is a holding company focused on long-term ownership and growth of North American, middle-market industrial and services companies. Established in 2017, NewHold operates through platforms which are built via acquisitions and organic growth of such companies. Each platform strategy is led by an experienced industry executive and is targeted to reach a minimum of $30 million to $50 million of EBITDA. NewHold’s investors consist primarily of family offices seeking long-term capital appreciation through ownership and growth of middle-market, industry-leading companies. Learn more at www.newhold.com.

About NewHold AEC and PRIME AE Group, Inc.
NewHold AEC is the engineering services platform of NewHold Enterprises. PRIME AE is the cornerstone company in this platform and provides a full range of services in architecture and engineering, construction management and inspection, transportation, and water resources. The firm’s philosophy of Connecting, Creating, Conserving, and Community forms the foundation for delivering high-quality, on-time, cost-effective solutions. A leader in the industry, PRIME AE is ranked in the ENR’s list of Top 500 Design Firms in the United States. Learn more at www.primeeng.com.

Media Contacts

PRIME AE
Ree Miskimon, CPSM
Senior Director of Marketing and Business Development
443-610-3921
rmiskimon@primeeng.com

NewHold Enterprises
Amanda Tarplin
Tarplin Consulting
908-872-4804
amanda@tarplinconsulting.com

“We feel very fortunate to be partnering with F&S at an inflection point in the businesses’ evolution, and for domestic manufacturing more broadly, where we see more complex areas of the critical supply chain coming back home,” said Kevin Charlton co-chairman of NewHold. “For various reasons, the F&S value proposition is more relevant than ever, and we look forward to supporting the company’s growth through this period and beyond.”

F&S Tool Inc. (F&S), founded in 1983, is a family owned/operated manufacturer of precision tooling. F&S specializes in high-output, high-efficiency injection and compression molds. The company excels in the most complex mold designs, including Stack and Cube Molds with high-cavity applications that produce volume products and with industry leading (short) cycle times. F&S operates out of a 90,000 square foot facility located on the shores of Lake Erie in Erie, Pennsylvania, USA.

“F&S has built a reputation of outpacing our competition through innovation and virtual engineering, producing precise, highly reliable, durable, fast-cycling molds that deliver a superior return on investment to customers,” said JD Faulkner, CEO of F&S. “These areas helped F&S experience tremendous growth within the medical and packaging markets. The primary goal of our dedicated team is to solve custom problems, and this new partnership allows us to access broader experience and capital to help support our continued growth.”

About NewHold
NewHold is a holding company focused on long-term ownership and growth of North American, middle-market industrial and services companies. Established in 2017, NewHold operates through platforms which are built through acquisitions and organic growth of such companies. Each platform strategy is led by an experienced industry executive and is targeted to reach a minimum of $30 million to $50 million of EBITDA. NewHold’s investors consist primarily of family offices seeking long-term capital appreciation through ownership and growth of middle-market, industry-leading companies. www.newhold.com

NewHold Contact:
Amanda Tarplin
Tarplin Consulting
908-872-4804
amanda@tarplinconsulting.com