Engineering Tech

Westwood Acquires Texas-Based Peloton Land Solutions

Westwood Acquires Texas-Based Peloton Land Solutions

Westwood Professional Services, Inc. (Westwood), a national multi-discipline engineering firm, announced its acquisition of Texas-based Peloton Land Solutions (Peloton).

The Peloton acquisition supports Westwood's long-term strategy to expand its existing markets and services. Peloton has approximately 200 team members between five offices in Fort Worth, Texas; Frisco, Texas; Austin, Texas; Dallas, Texas; and Las Vegas, Nevada.

"Their people are top of the industry and complement Westwood's strong team," says Westwood's Chief Operations Officer, Bryan P. Powell, PE. "We look forward to the expansion of Westwood and the professional service capabilities we can offer clients."

Peloton provides engineering, surveying, landscape architecture, hydraulics, hydrology, and environmental solutions for public infrastructure, private development, and energy projects. Peloton has received several awards for Best Firms to Work For, Hot Firms, and local top workplace awards.

Peloton's President Richard Payne, PE, reflects on the organization's focus: "We are proud of our team's strong technical background, diverse skillset, and years of experience at all levels. The high-quality work we have done in Texas and Nevada over the last 13 years is proof of that."

Payne continues, "We believe that joining Westwood will give our people many more opportunities to grow and advance their careers. Being able to provide our team with those opportunities is what we value most."

Westwood's Vice President, Randall P. Pogue, PE, oversees strategy and operations for the firm's Land Division South Region. When the acquisition opportunity presented itself, Pogue felt it was a perfect complement to our existing teams here in the South. He says, "The expertise combined by both companies will provide high-quality service to our clients and advanced opportunities for our teams."

About Westwood Professional Services, Inc. (Westwood)

Westwood is a leading, award-winning, full-service, professional civil engineering firm specializing in wind energy, solar energy, energy storage, power delivery, EV infrastructure, commercial, institutional, residential, and public infrastructure projects. Westwood was established in 1972 in Minneapolis, Minnesota. Through a focus on its people, culture, and clients, Westwood has quickly expanded to serve clients across the nation from multiple US offices. View more Westwood facts. 

About Peloton Land Solutions

Established in early 2010, Peloton Land Solutions is a growing Texas-based consulting firm with approximately 200 professional engineers, planners, surveyors, scientists, landscape architects, and support personnel in five office locations. Our firm provides comprehensive design services to residential, commercial, industrial, municipal, and energy sector clients. Peloton's expertise includes planning, civil engineering, surveying, hydraulics and hydrology, landscape architecture, and environmental science. We offer a complete host of services while maintaining a personal touch and focused dedication on each project.

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