OAKLAND,
Calif., Sept. 5, 2024 /PRNewswire/ -- BKF
Engineers (BKF), West Coast based civil engineering and land
surveying firm, announced today that they have partnered with Long
Point Capital (LPC), a New
York-based growth-oriented private equity firm that focuses
on the A/E/C industry. This partnership will leverage LPC's
resources and expertise, including capital, strategic guidance,
sector knowledge, and a broad network of relationships. BKF will
continue operations under its current management team and will
expand its successful business platform, enhance its service
offerings and expertise to clients, and support its expansion into
new geographic markets with this new partnership.
"This announcement isn't just about a milestone;
it's about answering the call from our employees and clients to
grow our service offerings and expertise. We're committed to
reaching new heights to better serve our community," said
Greg Hurd, President and CEO of BKF
Engineers. "Our current strategic plan focuses on unlimited
opportunities and our partnership with LPC will help accelerate our
goals. By combining LPC's resources with BKF's leadership and
exceptional team, strong industry relationships, and reputation,
we'll create new opportunities for our team to better serve our
clients and positively impact the communities we call home. We're
thrilled to embark on this exciting new chapter and remain
dedicated to delivering inspired infrastructure™ that is functional
and enhances the quality of life across the West Coast."
Founded in 1915, BKF Engineers is a leading civil
engineering firm with a rich culture and history along the West
Coast. The firm now boasts over 450 employees and operates 16
offices across the region. Renowned for its exceptional expertise
in engineering, surveying, and grants and funding services, BKF
Engineers is trusted by clients for its ability to plan, design,
survey, and execute complex projects successfully. With over a
century of experience, BKF Engineers leverages its diverse project
portfolio and innovative design solutions to deliver sustainable
and dynamic projects for communities and partners across the West
Coast. For more information, please
visit https://www.bkf.com/bkf-lpc/.
Established in 1998, Long Point Capital (LPC)
focuses on investing in leading professional services companies
with highly capable management teams and strong growth prospects.
Named by Inc. Magazine as a 2023 Founder-Friendly investment firm,
LPC has formed partnerships with more than 40 founder, family, and
management-owned companies.
Ira Starr, LPC
Founding Partner commented, "We are very proud to partner with BKF
and its leadership team. We look forward to working with the
management team to grow the company's service offerings and
end-markets both organically and through acquisitions. Our focus is
to continue to delight our clients and provide growth opportunities
for our employees."
Matheson Advisors acted as financial and M&A
advisors, initiating, negotiating, and managing the transaction on
behalf of BKF Engineers. Matheson Advisors is an AEC-focused
corporate finance and M&A advisory firm with a national
presence and over 20 years of experience working with AEC firms on
business valuations, ownership transition programs, capital
strategies, ESOPs, and mergers and acquisitions.
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SOURCE BKF Engineers