McKim & Creed, GSA, Inc. | June 09, 2021
McKim & Creed, one of the top engineering and surveying firms in the US, announced today that it had acquired GSA Consulting Engineers, Inc., an award-winning engineering firm in Gonzales, Louisiana.
GSA provides planning, engineering, and permitting services for water and wastewater facilities, hydraulic engineering, including drainage/ levee/ flood protection, transportation and roadway engineering, and civil/site design. Glenn G. Shaheen, PE, established the company in 1988.
GSA has provided engineering services for such projects as:
Water System Upgrades including the 1-Million-Gallon Pedesphere Elevated Storage Tank, Transmission Mains, and SCADA for the City of Gonzales;
West Lac Des Allemands Shoreline Protection project for St. John the Baptist Parish;
Regional Sewer System for Ascension Parish;
Wastewater System Expansion/Upgrade for the City of Gonzales and the City of Donaldsonville;
In addition, GSA recently secured funding for projects through the Louisiana Watershed Initiative, including $42 million for the Louisiana Highway 22 Bridge Construction and Drainage Improvements Project.
Terms of the acquisition were not disclosed. In the future, GSA will provide services as McKim & Creed, Inc.
About McKim & Creed
McKim & Creed is an employee-owned ENR top 148 engineering and surveying firm with 600 staff members operating throughout the US.
About GSA, Inc.
GSA Consulting Engineers, Inc. provides professional engineering consulting services to federal, state, and local governments and the private sector.
Greystone | July 15, 2021
Greystone Architectural Partners is pleased to announce the acquisition of Point Architects, located in Toronto. Gordon Pape OAA, Sidney Paul OAA, and associates will join the Greystone team, bringing over 40 years of expertise in high-quality design and architectural solutions for the Retail, Food Service, Commercial Real Estate, and Residential sectors. The merged company will employ approximately 40 employees and will have offices in Kitchener and Toronto. In addition, Point will work with Sam Shukor, OAA, AAA, AIBC, RIBA, PHI, MRAIC of Greystone as our Prime Architects, leading a collaborative team and capitalizing on synergies established to serve existing and new clients throughout Canada.
POINT ARCHITECTS ABOUT
Gordon and Sid have provided high-quality design and architectural solutions to the Retail, Food Service, Institutional, and Residential sectors for over 40 years. Many outstanding retail organizations and real estate developers, like Shoppers Drug Mart, Canadian Tire, LCBO, Smart Centres, Fieldgate, and others, are among Point's clients.
Point's architectural leadership and background enhance greystone's 25-year experience and expertise. "We are excited to be a member of the creative and vibrant Greystone Group," Gordon Pape says. "While we have been working with similar clients for years, we wanted to be part of a bigger company that would enable us to expand and deepen the team, use a larger network of resources, and continue to provide exceptional value to our customers."
Greystone has over 25 years of experience offering comprehensive architectural consulting services, emphasizing the Canadian Retail and Food Service sectors. Clients such as Sobeys, Walmart, Redberry, Compass Group, Home Depot, M & M Food Market, McDonald's, KFC, Mr.Lube, First Capital Realty, Skyline Developments, Strathallen, and many more have benefited from their knowledge and skills. They are characterized by a Customer-Centric philosophy that prioritizes engagement, service, and quality. Associates are cross-functionally trained and are not put in 'traditional silos' to successfully handle the varying and intermittent business cycles and service offerings. Team Leads lead them. Their Architectural Department comprises associates with more experience in Retail Planning, Food Service, and Equipment Technology than other architectural firms.
ROBOTICS AND AUTOMATION
Allied Motion Technologies Inc. | January 03, 2022
Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that it has acquired Spectrum Controls, Inc. (“Spectrum”), an innovator and manufacturer of a wide variety of Industrial I/O and Universal Communications Gateway products. The purchase price was $70 million, of which $45 million was paid at closing with a combination of $27 million in cash and the remainder in the Company’s common stock at a price of $35.82 per share. The remaining $25 million will be paid in two equal payments in 2022 and 2023 comprised of 50% cash and 50% stock.
Spectrum has a long history of innovation, partnership, and customized customer fulfillment, and we are excited to welcome the entire Spectrum team to the Allied family. This acquisition is an excellent strategic fit and provides us with a tremendous opportunity to enhance our position as a value-added solutions supplier to the industrial automation and industrial controls market,” commented Dick Warzala, Chairman and CEO. “In addition, Spectrum enhances our customer base, adds significant engineering resources and has the technology and know-how to provide solutions that meet the system requirements of Functional Safety.
“Allied has built an impressive organization. We believe that given their strong leadership team and their One Allied culture, we have found the ideal partner to successfully execute on the many strategic initiatives and opportunities we have in front of us. We look forward to a bright future together.”
-Bruce Wanta, Founder and President of Spectrum
Mr. Warzala further added, We believe we can drive growth by leveraging Spectrum’s strong partner relationships with large industrial automation companies, utilizing their global distribution channels, and benefiting from the continued digital transformation around IIoT, AI and analytics that are driving the increased use of smart factory floor devices.
In 2022, Spectrum is expected to be accretive to both Allied’s earnings per share and gross margin profile. The acquisition structure includes a tax election that is expected to offset cash taxes by approximately $10 million over the next 15 years.
Founded in 1983 and headquartered in Bellevue, WA, Spectrum designs and manufactures a wide range of highly sophisticated I/O modules, marquee displays, and industrial gateways for broad industrial controls applications through partnerships with PLC manufacturers and distributors. With approximately 72 employees, Spectrum serves large industrial automation projects and specialty applications domestically and throughout the world, including Europe, Asia, the Americas, and the Middle East. For more information visit https://www.spectrumcontrols.com.
About Allied Motion Technologies Inc.
Allied Motion (Nasdaq: AMOT) designs, manufactures and sells precision and specialty controlled motion products and solutions used in a broad range of industries within our major served markets, which include Vehicle, Medical, Aerospace & Defense, and Industrial. Headquartered in Amherst, NY, the Company has global operations and sells into markets across the United States, Canada, South America, Europe, and Asia-Pacific.
Allied Motion is focused on controlled motion applications and is known worldwide for its expertise in electro-magnetic, mechanical, and electronic motion technology. Its products include brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gear motors, gearing, modular digital servo drives, motion controllers, incremental and absolute optical encoders, active (electronic) and passive (magnetic) filters for power quality and harmonic issues, and other controlled motion-related products.
The Company’s growth strategy is focused on being the controlled motion solutions leader in its selected target markets by leveraging its “technology/know how” to develop integrated precision solutions that utilize multiple Allied Motion technologies to “change the game” and create higher value solutions for its customers. The Company routinely posts news and other important information on its website at www.alliedmotion.com.