Modjeski and Masters Acquires Summit Engineering Group
Acquisition Bolsters Firm's Segmental Concrete Bridge Design and Construction Expertise and Ability to Partner With Contractors
(firmenpresse) - MECHANICSBURG, PA -- (Marketwired) -- 09/01/15 -- The bridge design and engineering firm announced today it acquired the structural engineering firm Summit Engineering Group, Inc. (Summit). Summit specializes in segmental concrete bridge design and construction and has extensive expertise partnering with contracting firms. These skills will enhance Modjeski and Masters'' ability to better serve its clients and strengthen the nation''s infrastructure. This marks the first acquisition in the 122-year history of Modjeski and Masters.
"Summit is comprised of quality people doing innovative, quality work," said Barney Martin, Jr., PhD, PE, president and CEO of Modjeski and Masters. "They have an excellent reputation for being one of the best in the business at successfully partnering with owners, fabricators and contractors. As our industry evolves, these contractor/engineering relationships become more important. This acquisition will allow us to leverage this ability, expand our business and provide even higher levels of service to our clients. Both companies value client service and when combined with our respective technical skillsets, our engineering prowess will be one of the very best."
Headquartered in Littleton, Co., Summit is a structural engineering firm specializing in bridges. An authority in bridge design and construction, its expert engineering staff provides services for public agencies, design consultants and contractors. These services include segmental concrete bridge design and construction engineering, design build engineering, spliced concrete girder design and erection and demolition engineering. Summit excels in providing streamlined design and construction solutions to best meet client needs.
"Modjeski and Masters'' legacy and prestige in the bridge design and engineering industry is well documented and respected," said Gregg Reese, PE, president of Summit. "It has such a long list of noteworthy achievements and iconic projects. To flourish for almost 125 years in this business shows a dedication to timeless engineering craft and the willingness to innovate and stay on the cutting edge. We''re excited to help Modjeski and Masters remain at the forefront of bridge design and engineering to solve our industry''s complex problems even more efficiently."
The acquisition of Summit also expands the geographic territory of Modjeski and Masters. The Denver-area branch will be the company''s largest office west of the Mississippi.
"There are many great project owners and contractors in the western United States with whom we have previously worked," said Barney Martin, Jr. "We now have a solid foundation in the region to cultivate and grow these relationships and help better the infrastructure of some of the fastest growing communities in the country."
Summit is now a wholly owned subsidiary of Modjeski and Masters. Gross revenue for Modjeski and Masters was approximately $45 million for the year ending 2014 and is expected to grow with this acquisition. Financial terms of the acquisition were not disclosed.
To learn more, representatives from both firms will be attending the American Concrete Institute (ACI) "" November 8-12 in Denver, Co.
Company logos and photos of noteworthy projects can be .
Modjeski and Masters is one of the world''s leading bridge engineering firms, with a reputation for technical excellence and innovation that goes beyond current standards. Established more than 120 years ago, the firm is responsible for the design and maintenance of some of our nation''s most recognizable structures. Services include fixed and movable bridge design, inspection and rehabilitation and all facets of lifecycle maintenance, research and code development. For more information, including in-depth videos of Modjeski and Masters at work, please visit . For more information on Summit, please visit .
Adam Curtis
Abel Communications
(443) 869-2197 ext.142
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Datum: 01.09.2015 - 07:00 Uhr
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