Design, Engineering Tech

Investment Firm Littlejohn & Co. Announces the Acquisition of Ardurra Group

Investment Firm Littlejohn & Co. Announces the Acquisition of Ardurra Group

On February 1, 2023, Littlejohn & Co. LLC, a renowned private investment firm, announced that it has partnered with the firm's employees and management to acquire Ardurra Group, Inc., a leading provider of multidisciplinary engineering and design services to the transportation, water and aviation end-markets. Ardurra's management team and employees will retain a major stake in the business. The Financial Terms of the deal were not disclosed.

Ardurra, headquartered in Miami, FL, provides intricated design and engineering services for water, transportation and aviation to end markets in the Southeast, Central, Southwest, and Northwest regions of the United States. Ardurra's services positively impact the country's vital infrastructures by offering innovative and technology-driven solutions to municipalities, state government entities, utilities, and enterprises. Ardurra's work allows local communities to supply citizens with clean water, implement transit and transportation solutions, treat wastewater, and construct sustainable, resilient infrastructure.

Ardurra's CEO Ernesto Aguilar commented, "We set out to build a culture-focused firm that provides exceptional solutions to our clients through the hard work and commitment of our talented employees." He added, "Littlejohn has an impressive track record of building enduring value for its portfolio companies, and we are excited to partner with them as our Company enters this new chapter. Littlejohn shares Ardurra's values and commitment to providing world-class service, and this partnership will enable us to accelerate growth while we continue to innovate as one of the country's leading engineering and design firms."

(Source – Business Wire)

About Ardurra Group, Inc

Ardurra provides intricate engineering and design services for water, transportation and aviation to end markets in the Southeast, Central, Southwest, and Northwest regions of the United States. With a sizeable community of specialists, engineers, and designers, it provides a unique blend of expertise and innovation. Ardurra's services positively impact the country's vital infrastructures by offering municipalities, state government entities, utilities, and enterprises innovative and technology-driven solutions. The company has about 1,250 highly skilled employees across 70+ offices and was ranked No. 114 on the Engineering News-Record (ENR) Top 500 Firms list for 2021.

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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.”

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