Larson Engineering Seizes Opportunity with Fagen Engineering Acquisition
Deal News | Feb 25, 2025 | EIN
Larson Engineering has recently announced the acquisition of Fagen Engineering, the engineering subsidiary of construction company Fagen, Inc. This move marks a significant step in Larson's strategic plan to enhance its capabilities within the ethanol industry. Larson Engineering, a 100% employee-owned company, aims to leverage Fagen's specialized expertise in biofuel and carbon capture technologies, a decision influenced by a long-standing 20-year collaboration between the two firms. Doug Edwards, a recognizable figure in the ethanol industry, and Don Berg, Larson's director of corporate business development, both emphasize the importance of employee ownership in retaining talent and fostering teamwork. The acquisition aligns with Larson's 10-year strategic vision to increase revenues by 25% and expand their market presence. Both companies regard this merger as an ideal fit, avoiding the risk of being overshadowed by larger engineering firms.
Sectors
- Engineering and Construction
- Renewable Energy
Geography
- United States – Both Larson Engineering and Fagen Engineering are U.S.-based companies, and the National Ethanol Conference where they were introduced is a U.S. industry event.
Industry
- Engineering and Construction – The article discusses the acquisition of Fagen Engineering by Larson Engineering, both part of the broader engineering and construction sector.
- Renewable Energy – Fagen Engineering's expertise in ethanol and biofuel plants aligns the acquisition with the renewable energy sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Larson Engineering | Acquirer | Company | An engineering firm recognized for its employee ownership model, acquiring Fagen Engineering to expand expertise in ethanol and biofuels. |
| Fagen Engineering | Target Company | Company | A specialized engineering subsidiary of Fagen, Inc., involved in ethanol and biofuel projects. |
| Fagen, Inc. | Vendor | Company | The parent construction company of Fagen Engineering. |
| Doug Edwards | Industry Veteran | People | A long-time manager at Fagen Engineering and a notable figure in the ethanol industry. |
| Don Berg | Director of Corporate Business Development | People | Responsible for strategic growth initiatives at Larson Engineering. |