DALLAS–(Company WIRE)–Generational Fairness, a main mergers and acquisitions advisor for privately held enterprises, is happy to announce the sale of its shopper, Spectrum Engineering Corporation to EN Engineering. The transaction closed July 23, 2021.
Launched in 1979 and Located in Auburn, Indiana, Spectrum Engineering provides high-good quality electric powered electricity engineering, consulting, design, testing, and commissioning expert services to municipalities, universities, industrial clientele, and federal government organizations. In 1985, the Enterprise recognized a need to have for dependable substantial-speed relay conversation involving electric powered energy substations and became concerned with analyzing and designing fiber-optical telecommunication answers.
These days, the Firm gives not only the electrical electric power products and services for which it was regarded in the beginning, but also a huge array of telecommunication providers. These consist of conducting feasibility scientific studies, getting ready in-depth business strategies, and tailoring methods styles for each and every client’s exclusive telecommunication needs.
EN Engineering (EN), headquartered in Warrenville, Illinois delivers engineering, consulting, and environmental products and services to restore and grow infrastructures, boost and streamline programs, and establish and file essential belongings for clients together with pipeline operators, utilities, and industrial firms. As one particular of the swiftest developing engineering firms in the nation, the alternatives are countless for personnel who are passionate, curious, and customer centered.
With this acquisition, EN Engineering will construct on its strong place in the electric powered energy and gasoline utility markets with added presence in Indiana, Michigan, Ohio, Missouri, and other bordering states. Spectrum Engineering’s strengths will also increase to EN’s escalating communications engineering platform through the addition of Spectrum’s fiber optic, facts middle, and telecom providers.
“We are very fired up to increase EN’s transmission and substation engineering, defense and controls, and SCADA expert services for utilities,” mentioned Steve Knowles, CEO of EN Engineering. “Spectrum Engineering’s good track record for excellence and integrity aligns well with the vision and values we keep at EN. The business will in shape really very well with our workforce and will develop EN’s capabilities, geographic presence, and purchaser foundation.”
Scott Bowles, president of Spectrum Engineering claimed, “We are thrilled to turn into companions with EN Engineering, a prime-amount engineering company whose values and philosophy are pretty very similar to ours. We were being attracted to EN for the company society and the advancement platform that we believe will help accelerate our growth.”
Generational Fairness Government Managing Director of M&A – Central Region, Michael Goss, and his staff direct by Controlling Director M&A, Jerry Yocum, with support from Running Director, Mergers & Acquisitions, Ryan Johnson, successfully shut the deal. Senior Controlling Director, Eric Colton, proven the primary marriage with Spectrum Engineering.
“This was just one of the smoothest bargains I have been associated with. Equally sides labored very perfectly by out the course of action. It will be a great partnership heading ahead,” explained Yocum.
About Generational Fairness
Generational Equity, Generational Capital Marketplaces (member FINRA/SIPC), Generational Prosperity Advisors, Generational Consulting Group, and DealForce are element of the Generational Group, which is headquartered in Dallas and is one particular of the top M&A advisory companies in North The united states.
With more than 250 specialists found through North The us, the organizations aid company house owners launch the prosperity of their business by supplying progress consulting, merger, acquisition, and wealth management expert services. Their six-phase tactic capabilities strategic and tactical advancement consulting, exit preparing education, enterprise valuation, worth improvement techniques, M&A transactional companies, and wealth administration.
The M&A Advisor named the company the 2017 and 2018 Expense Banking Firm of the 12 months and Valuation Business of the Year in 2020. For more details, check out https://www.genequityco.com/ or the Generational Equity press place.