FDH Engineering Inc. & FDH, Inc. has been acquired by Velocitel, Inc.
February 2015 — The private shareholders of FDH Engineering, Inc. and FDH, Inc. have sold both companies to Velocitel, Inc. The financial details of the transaction have not been disclosed.
The FDH companies provide structural engineering, non-destructive testing, geotechnical engineering and other engineering services for clients that operate in the wireless telecommunications and heavy civil construction sectors. FDH also performs new construction as well as repairs and modifications to existing cellular towers. With approximately 300 employees, the company serves clients in the USA and, on a selective basis, in Puerto Rico, the US Virgin Islands and Central America.
Velocitel, Inc. provides a wide array of professional services, including architecture, engineering, site location, acquisition, development and project management. The company provides its services in the Pacific Northwest, Midwest and Atlantic Coast regions of the USA. Velocitel has more than 500 employees and serves as a turf vendor for AT&T contracts. Velocitel is a portfolio company of Willis Stein & Partners, LLC.
FDH was founded by three PhD engineers, who developed a proprietary method for non-destructive testing of timber pile foundations under highway bridges. As of the date of the sale to Velocitel, the ownership group consisted of friends and family of the founders and the management team who assisted in growing the business.
Our role in the transaction
Oaklins' team in Jacksonville advised the selling shareholders, initiating discussions with a wide group of potential buyers and assisting FDH's shareholders in selecting the best potential partner. Oaklins led the negotiation of the transaction with Velocitel and its private equity sponsor, Willis Stein & Partners. Our team in Jacksonville invited Oaklins' Dallas team to assist in the transaction due to the relationships they have in the construction and engineering sector. With the Dallas team's assistance, Oaklins' team Jacksonville was able to negotiate a purchase price and deal structure that was very favorable for the selling ownership group.
Talk to the deal team
Bryan Livingston
Oaklins Capital Alliance
Related deals
JP Chick & Partners has been acquired by Qflow
J P Chick & Partners Ltd. has been acquired by Qflow Group AB, strengthening Qflow’s presence in the UK. With nearly 40 years of experience, an established presence in the East of England and broad expertise in structural, civil and environmental engineering, J P Chick complements the capabilities of Qflow’s existing UK businesses. The acquisition further expands Qflow’s UK operations and strengthens its multidisciplinary engineering offering.
Learn moreDe Groot Installatiegroep has acquired a stake in Pesch Electrotechniek
De Groot Installatiegroep has acquired a stake in Pesch Electrotechniek, a specialist in industrial electrical installations and electrical engineering services based in Rozenburg, the Netherlands. Through the acquisition of Pesch, De Groot Installatiegroep enters the industrial electrical installation market and establishes a presence in the Rotterdam port region. For Pesch, the partnership provides access to the resources, capabilities and broader technical expertise of a larger installation group, while allowing the company to build on its existing customer relationships and specialist market position.
Learn moreValuation advisory has been provided to a co-investor in VDK
EMK Capital has transferred VDK Groep B.V. from EMK Capital Partners Fund I into the newly established US$1.4 billion single-asset continuation fund, the EMK VDK Partnership Fund, alongside a co-investment from EMK Capital Partners Fund III. The transaction, co-led by LGT Capital Partners and Coller EQT, provides existing investors with the opportunity to retain their exposure to VDK while securing additional capital to support the company’s continued growth and buy-and-build strategy.
Learn more