Mainstay Engineering's Strategic Acquisition of PEA Expands Geographic Footprint
Deal News | Jan 06, 2025 | Globenewswire
Mainstay Engineering Group, a prominent civil and structural engineering firm, has acquired Professional Engineering Associates (PEA), a respected engineering firm based in Greenville, South Carolina. The strategic acquisition aims to expand Mainstay's geographical reach and enhance its service offerings, particularly in industrial and manufacturing sectors. Mainstay, known for its expertise in life sciences and pharmaceutical industries, views this merger as an opportunity to enter new markets and geographies with confidence. Both companies emphasize a commitment to client success and technical excellence, expecting the merger to enhance service capabilities for clients and provide growth opportunities for employees. By combining their expertise, the newly integrated firm aims to deliver superior engineering solutions across the U.S.
Sectors
- Civil and Structural Engineering
- Pharmaceutical and Life Sciences
- Industrial and Manufacturing
Geography
- United States – Both companies involved operate across the United States, and the article discusses the expansion of Mainstay's footprint in various regions.
- South Carolina – The target company, Professional Engineering Associates, is based in Greenville, South Carolina.
Industry
- Civil and Structural Engineering – The article focuses on two firms within the civil and structural engineering industry, highlighting their service offerings and strategic growth through acquisition.
- Pharmaceutical and Life Sciences – Mainstay Engineering specializes in providing engineering solutions to the pharmaceutical and life sciences industries.
- Industrial and Manufacturing – PEA is noted for its expertise in the industrial and manufacturing sectors, which are key focus areas in the article.
Financials
- Not Disclosed – The financial terms of the acquisition were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mainstay Engineering Group, Inc. | Bidding Company | Company | A nationally recognized leader in civil and structural engineering, specializing in life sciences and pharmaceutical industries. |
| Professional Engineering Associates (PEA) | Target Company | Company | A well-respected engineering firm based in Greenville, South Carolina, with expertise in industrial, manufacturing, healthcare, and commercial sectors. |
| Laura Hughes | CEO of Mainstay Engineering Group | Person | The CEO who commented on the significance of the acquisition. |
| Jeff Barrett | Principal of PEA | Person | Expressed enthusiasm about the acquisition and the partnership's benefits. |