NEW YORK, January 20, 2022 – PRIME AE Group, Inc. (PRIME AE), a NewHold company, is pleased to announce the acquisition of Prosser, Inc. Headquartered in Jacksonville, Florida, Prosser is 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.
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