Engineering Tech, Construction

Control Point Associates announces the acquisition of McLaughlin Engineering Company

Control Point Associates announces the acquisition of McLaughlin

Control Point Associates is delighted to announce its purchase of McLaughlin Engineering Co. based in Ft. Lauderdale, Florida. This company has been serving the tight-knit community for the past 85 years, specializing in land surveying services, hydrographic surveys, land planning, and UAV/aerial photogrammetry. This purchase holds significant importance as it marks Control Point's southernmost branch, reinforcing our commitment to the evolution of land surveying.

The McLaughlin Family has played a crucial role in numerous high-profile projects throughout southeast Florida, extending their outreach beyond Broward County to Palm Beach County in the north and Miami-Dade County in the south. Earlier this month, the family excitedly shared the news with their trusted clients, stating, "McLaughlin Engineering Co. is delighted to announce our partnership with Control Point Associates, a renowned National Surveying Firm. The McLaughlin Family and our dedicated staff are thrilled by this significant advancement for our brand and services." Over the past 85 years, the family has established a robust network of clients who will seamlessly transition with them during this process.

Established in 1992, Control Point strategically operates throughout the country, providing the necessary expertise for critical projects and delivering high-quality survey documents in a cost-efficient manner. Richard A. Butkus, Jr., President and Managing Partner of Control Point, expresses his enthusiasm, explaining "We are delighted to welcome McLaughlin Engineering Co. to our organization. Collaborating with the McLaughlin family enables us to expand our presence into a completely new geographic market while enhancing our land surveying and geospatial expertise through their valuable addition to our ever-growing family."

With the purchase of McLaughlin Engineering Company, Control Point Associates will establish its twelfth (12th) office. This new branch expands the firm's workforce to over 210 full-time team members, comprising 55 field crews, 19 Licensed Professional Land Surveyors, and 4 Florida Surveyor and Mappers. As Control Point Associates continues to expand its presence to new locations and invest in its team members, we remain steadfast in our commitment to revolutionize the land surveying industry.

About Control Point Associates, Inc.

For over 30 years, Control Point Associates, Inc. has provided the talent needed for the jobs and projects critical to client success by delivering quality survey documents in a cost-effective and time-efficient manner. Control Point Associates is uniquely qualified to perform any necessary land surveying services including but not limited to commercial, construction, geospatial, residential and consultation.

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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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