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
Cibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreComtax has been acquired by Ryan
Comtax, a São Paulo-based tax technology consultancy specializing in tax determination and digital tax compliance, had been acquired by Ryan, the world’s largest firm dedicated exclusively to business taxes. The transaction marks Ryan’s entry into the Brazilian market, adding a specialized team and an established base of large corporate clients in Brazil, one of the world’s most complex tax environments, at a time when the country’s consumption tax reform is set to reshape how companies calculate and report indirect taxes. For Comtax, the acquisition brings access to Ryan’s global platform, technology and client network across more than 80 countries, creating opportunities to scale its tax determination and compliance offering beyond its current footprint. Comtax’s founders will continue to lead the business.
Learn moreMulti-Tech and AGJ have been acquired by Wicotec Kirkebjerg, part of the Aarsleff Group
Rent-Tech A/S, including its subsidiaries Multi-Tech A/S and Asger G. Jørgensen A/S (AGJ), has been acquired by Wicotec Kirkebjerg A/S, part of the Aarsleff Group. The transaction creates a strong platform for continued growth and development. With the acquisition of Rent-Tech, Wicotec Kirkebjerg strengthens its industrial service offering and position in West Zealand, Denmark, expanding its capabilities in electrical installations, specialized piping and metalwork services. As part of Wicotec Kirkebjerg, Rent-Tech gains access to additional resources, expertise and larger-scale project opportunities while maintaining their local presence, management teams and long-standing customer relationships. All businesses will continue to operate under their existing brands and leadership teams.
Learn more