NEW YORK, November 16, 2020 – NewHold AEC, the engineering services platform of NewHold Enterprises, announced Prime AE Group, Inc. (PRIME AE) acquired Integrated Engineering, a 41-person Kentucky-based engineering and survey firm focused on transportation, structures, water/wastewater, stormwater management, aviation, site development, and landscape architecture. Financial terms of the transaction were not disclosed.
“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.
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.
Ree Miskimon, CPSM
Senior Director of Marketing and Business Development