Engineering Tech

Arcfield Acquires Strategic Technology Consulting

Arcfield Acquires Strategic Technology Consulting

Arcfield, a leading government services and mission support provider, today announced that it has completed its acquisition of Strategic Technology Consulting, LLC (STC), a highly differentiated provider of full-spectrum model-based systems engineering (MBSE) and digital engineering services and solutions. Post closing, STC continues to serve its breadth of commercial and government customers as a subsidiary of Arcfield.

STC's comprehensive suite of offerings includes highly complex modeling methodologies, digital twins and software tools that enable next-generation technology development. STC's expert team of consultants delivers products and services that rapidly accelerate MBSE adoption throughout the lifecycle of a development platform, from conceptual design to operations and maintenance support.

"As a decades-long leader in MBSE and digital twins, Arcfield has invested heavily in the development, refinement and advancement of our digital engineering and MBSE capabilities to support our customers in their shift from traditional SE&I to an all-digital model," said Kevin Kelly, chairman and chief executive officer of Arcfield. "The acquisition of STC strengthens the capabilities and resources we deliver to our customers. We look forward to welcoming the STC team to the Arcfield family."

"Throughout our history, we have been delivering differentiated digital engineering solutions to our customers, enabling reduced cost and improved quality of next-generation technology systems," said Daniel Reineke, president of STC. "Arcfield's position as a prime contractor, reputation as a trusted government partner, and mission-first culture make it the ideal home for our people, products and portfolio of services and will enable us to expand our reach into new customers, capabilities and markets."

Latham & Watkins LLP and Covington & Burling LLP served as counsel to Arcfield. STC was advised by Raymond James and represented by law firm Miles & Stockbridge P.C.

About STC

STC is an industry leading solutions provider in digital engineering and model-based systems engineering. The company's offerings include MBSE-as-a-Service, integrated digital engineering environment (IDEE) deployments, training, and software. STC's customer base includes an array of commercial industry customers, U.S. defense agencies and defense prime contractors. STC has more than 110 employees and is headquartered in Toms River, NJ.

About Arcfield

Arcfield was purpose-built to protect the nation and its allies through innovations in systems engineering and integration, space and mission launch assurance, cybersecurity, and conventional and hypersonic missile support. Headquartered in Chantilly, VA with 16 global offices, Arcfield employs more than 1,300 engineers, analysts, IT specialists, and other professionals with more than 60 years of collective proven experience supporting missions in cyber and space defense, hypersonic and nuclear deterrence, and warfighter readiness.

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Comfort Systems USA Announces Acquisition

Business Wire | February 01, 2024

Comfort Systems USA, Inc. today announced that it has closed its previously announced transaction to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas. As previously disclosed, Summit is a specialty industrial mechanical contractor offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power, and industrial sectors. Summit’s capabilities encompass a wide range of modular and site-based construction, including process piping, equipment setting, large pipe rack trestles, and related steel erection and specialty concrete work. Summit is a trusted supplier to some of the world’s largest advanced technology, power and industrial companies and is currently deployed on several major chip fabrication projects. Initially, Summit is expected to contribute annualized revenues of approximately $375 million to $400 million, and earnings before interest, taxes, depreciation, and amortization of $35 million to $40 million. In light of the amortization expense, Summit is expected to make a neutral to slightly accretive contribution to earnings per share in 2024 and 2025. Brian Lane, Comfort Systems USA’s Chief Executive Officer, commented, “We are delighted to announce the closing of our agreement to acquire Summit, an extremely capable provider of modular and other complex mechanical services. Summit brings a stellar reputation as a modular technology leader in growing end markets, including multiple ongoing and large semiconductor projects. We are happy to welcome Summit’s wonderful leadership team and excellent production and craft workers across many states, and we are confident Summit will continue to innovate and grow as a part of our network of world-class contracting companies. We are grateful that Summit has chosen to become part of Comfort Systems USA.”

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