Engineering Tech

Atwell acquires Blueline to expand capabilities in the Pacific Northwest

Atwell acquires Blueline to expand capabilities in the Pacific

In its first acquisition of 2023, Atwell has acquired Blueline, a 75-person civil engineering, land planning, and landscape architecture firm based in Kirkland, Washington. Blueline has four offices throughout Washington and serves clients in commercial development, residential development, and public works. Terms of the transaction were not disclosed.

Combined with Atwell’s existing office in Portland, Oregon, this acquisition significantly expands Atwell’s capabilities in the Pacific Northwest region and will strengthen Atwell’s ability to support its national residential, commercial, industrial, and energy clients in the region.

“Atwell and Blueline share a similar client-focused culture of providing outstanding services to our numerous clients,” said Brian Wenzel, Atwell’s Chief Executive Officer. “The acquisition of Blueline is our fourth transaction in the past four months. We’re excited to continue our geographic expansion throughout the United States, taking another major step in our long-term strategic growth plan.”

“Blueline is thrilled to join the Atwell family,” said Brian Darrow, Blueline’s Chief Executive Officer. “Atwell's proven history of an employee-centered culture, similar emphasis on strong relationships with clients, and their exceptional growth will provide amazing opportunities for our employees and more services to better meet the needs of our clients. We are so excited to start this next chapter of Blueline's story!”

Founded in 2003, Blueline is an innovative, energetic, and responsive group of professionals who are passionate about making their communities great places to live. The company’s mission is to build people, to build relationships, and to build communities.

AEC Advisors initiated this transaction and acted as a financial advisor to Blueline.

About Atwell, LLC



Atwell, LLCis a national consulting, engineering, and construction services firm with technical professionals located across the country now totaling more than 1,400 team members. Creating innovative solutions for clients in industries such as real estate and land development, power and energy, oil and gas, and infrastructure, Atwell provides comprehensive turnkey services including land and right-of-way support, planning, landscape architecture, engineering, land surveying, environmental compliance and permitting, and project and program management.

Spotlight

Other News
Engineering Tech, Construction

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.”

Read More

Spotlight

Resources