BDT Capital Partners | July 30, 2021
Universal Engineering Sciences® (UES), a national leading engineering and consulting firm specialising in geotechnical engineering, construction materials testing, building code compliance, threshold inspections, and environmental consulting, has recently revealed that BDT Capital Partners, LLC ("BDT") has agreed to create a meaningful strategic investment in the company through an affiliate agreement. BDT, which is linked with BDT & Co., LLC, a merchant bank that provides long-term specialised capital to family- and founder-led firms, will become the majority stakeholder of UES, combining existing shareholders Palm Beach Capital, company founders, and the management group. Michael Burke, former AECOM Chairman and CEO and current UES Chairman, will remain in his current position.
"UES is an industry leading geotechnical engineering, building materials testing, and environmental consulting services firm with an expanding national footprint," stated Ben Sher, Partner at BDT Capital Partners. "BDT's long-term commitment to the UES and Palm Beach Finance is consistent with our merchant banking approach of providing patient capital to founder and family-led firms, comparable to the enterprises that have formed the backbone of the UES platform."
Nate Ward, co-founder of Palm Beach Capital, and industry veteran Gary H. Elzweig, PE, F.ASCE founded the UES family of firms. Elzweig will continue to serve as Vice-Chairman of the firm. Nate Ward and Palm Beach Capital will continue to be significant investors and will have board involvement.
"We are delighted to work with BDT because of their experience investing in and coaching founder-led enterprises with transformative growth possibilities," Ward added.
"We would like to thank our partners, as well as every member of the UES team, for their contributions that contributed to this critical milestone. UES will realise its aim of being the nation's most sought after, respected, and successful geotechnical, building materials testing, inspections, and environmental consulting firm with BDT as the principal investor."
"The geotechnical engineering, construction materials, and environmental services industries are very fragmented," Burke said. "I see a tremendous deal of opportunity to identify and partner with strong, well-run businesses that will increase our portfolio and geographic reach." "As the country focuses on repairing and improving existing infrastructure, we play an important role in servicing engineering firms, developers, contractors, and architects in all of our locations. I am excited to work with this outstanding leadership team as they guide UES through our next chapter of tremendous growth and development."
Founded in 1964 by Sy Israel, UES has over six decades of expertise and recognition as the best engineering and consulting firm in the geotechnical engineering area, and is well-positioned to serve the demands of commercial, residential, and civic customers nationwide. UES has recently merged with GFA International, Inc., NOVA Geotechnical & Inspection Services, Contour Engineering, Wallace-Kuhl & Associates, Construction Testing & Engineering, SUMMIT Engineering, Laboratory & Testing, P.C., GEOServices, LLC, McGinley & Associates, and Geotechnology Inc., making it one of the largest and most resource-rich organisations of its kind in the country.
UES, a privately held corporation, has made a commitment to organic expansion as well as strategic acquisition. UES has locations in high-growth regions throughout the South, Midwest, and West, including Florida, Georgia, Alabama, North and South Carolina, Washington, D.C., California, Utah, Nevada, Missouri, Illinois, Kansas, Ohio, Kentucky, Tennessee, Mississippi, and Arkansas.
The investment is scheduled to close in the third quarter of 2021, subject to customary restrictions.
About Universal Engineering Sciences
Universal Engineering Sciences, based in Orlando, is a fast-growing engineering and consulting firm with nearly six decades of experience in geotechnical engineering, construction materials testing, building code compliance, threshold inspections, and environmental consulting. UES is regarded as an industry pioneer, at the forefront of evolving technology, best practises, and relevant legislation. Public and private clientele are represented in projects ranging from transportation and healthcare to commercial and education. UES engineers, geologists, certified inspectors, and scientists are uncompromising in their commitment to excellence, treating each project as an opportunity to create long-term client relationships.
UES recently ranked first on the Zweig Group Hot Firm List, which recognises the fastest-growing firms in the architectural, engineering, planning, environmental, and construction (AEC) industry. UES consults on projects of all kinds, with 2,500 professionals spread over 60 branches in 17 states, to assist deliver critical infrastructure and develop safe and successful communities.
About BDT Capital Partners
BDT Capital Partners provides long-term, distinctive capital to family and founder-led enterprises. Over the course of its investment funds, the firm has raised more than $18 billion, and its worldwide investor base has invested an additional $10 billion in debt and stock in the funds' portfolio firms. BDT & Company, the firm's affiliate, is a merchant bank that works with family and founder-led businesses to achieve their strategic and financial goals. BDT & Company offers problem-solving expertise and access to a world-class network of business owners and leaders.
Nexteer | April 30, 2021
As cars becoming more software-enabled, cloud-connected devices, global OEMs' demand for software-enabled steering features and other software-centric motion control applications grows exponentially. As a result, Nexteer Automotive is extending its global Software Engineering organization to satisfy the ever-increasing software requirements of its global OEM customers.
Software Organizational Enhancement
Nexteer's latest operational enhancement establishes a single strategic software team spanning four national Nexteer sites, including the Global Technical Center in Saginaw, MI, Regional Technical Centers in Tychy, Poland and Suzhou, China, and a Software Center in Bengaluru, India. Previously, software engineering knowledge was spread throughout the Company and recorded independently across product lines and R&D.
The recently created team reports directly to the chief technology officer of the company.
Nexteer's unified software team will support Electric Power Steering (EPS) systems and the advancement of specialized steering features. Furthermore, the new structure would facilitate software-related projects, such as software solutions that may be cloud-based or exist within a centralized chassis domain controller.
Software R&D Collaborations
Nexteer's latest software engineering structure aligns with R&D partnerships with CNXMotion and Tactile Mobility on two fronts.
Nexteer is working on motion control systems with CNXMotion, a joint partnership with Continental. In addition, Nexteer is collaborating with Tactile Mobility, a leading tactile virtual sensing, and data firm headquartered in Israel, to examine advanced steering safety features such as real-time road surface detection.
Nexteer Automotive (HK 1316), a world leader in intuitive motion control, is a multibillion-dollar global steering and driveline company that provides electric and hydraulic power steering systems, steering columns, driveline systems, as well as advanced driver assistance systems (ADAS), and automated driving enabling technologies to original equipment manufacturers (OEMs). The company operates 27 assembly facilities, four technical and software centers, and 13 customer support centers throughout North and South America, Europe, Asia, and Africa.
BMW, Ford, GM, Stellantis, Toyota, and VW, as well as automakers in India and China, are among the company's more than 60 customers in every major region of the world.
United Engineers & Constructors | September 21, 2021
United Engineers & Constructors, Inc. (United), a leading infrastructure engineering, procurement, construction and consulting company, and Imperia Engineering Partners, Inc. (Imperia), a specialty engineering firm with unique capabilities including a materials engineering and failure analysis laboratory and nuclear engineering programs, together, announced today that the two companies will be joining forces to expand United’s engineering and construction services for the Energy generation, transmission and distribution markets
“We are excited to welcome Imperia to the United family. In joining forces, we continue to expand our service offering to our clients and to the power industry,” said Scott Reeder, Chief Executive Officer of United. “The United and Imperia integration will provide us the opportunity to offer a more robust, seamless capability to our clients and is a complement to our brand.”
“Joining the United team enables us to provide a comprehensive service offering that has a continued focus on safety, quality and integrity,” said Scot Blodgett, President of Imperia. “This full-service portfolio and complementary cultures will allow us to provide exceptional services to our clients.”
Collectively the companies employ more than 2,000 professionals and have $500M+ in revenue. United has designed and/or built more than 280,000 MW of electric generation and more than 54,000 miles of transmission lines worldwide. The integration of Imperia will expand the company’s engineering services capabilities and offer expanded EPC services to the power industry.
“Together, our teams will create a stronger business for our employees and clients, maximize our growth opportunities, and enable us to continue to focus on our vision of improving lives by delivering the world’s most impactful solutions,” said Mr. Reeder.
United Engineers & Constructors is an industry leading infrastructure engineering, procurement, construction and consulting company dedicated to improving lives by delivering the world’s most impactful solutions. Since 1905, we have served the power industry by providing comprehensive lifecycle services for the conventional generation, nuclear, transmission and distribution, renewable, and distributed energy markets. Together with our clients and partners, we are unified in our efforts
Imperia Engineering Partners has been a trusted consulting partner for businesses focused in the Energy industry for over 30 years. Our areas of expertise include industry leading Flow Accelerated Corrosion (FAC) program consulting; nuclear engineering mechanics; digital instrumentation and control systems; materials engineering laboratory; fossil power generation; power delivery; and industrial and facilities engineering.
About CriticalPoint Capital
Founded in 2012, CriticalPoint Capital is a private investment firm based in Manhattan Beach, CA. The firm is focused on acquiring companies with long-term value creation opportunities and partnering with management teams that can benefit from patient capital and a thoughtful approach to growth. CPC’s portfolio is comprised of investments across a wide variety of industries and the firm is actively looking to grow through additional platform and add-on acquisitions.