PRIME AE Group Acquires Integrated Engineering

NewHold Enterprises Invests in PRIME AE Group

December 16, 2019

Engineering Services

NewHold Enterprises, a long-term investment holding company, announced an investment in PRIME AE Group, a U.S.-based architecture and engineering firm. Financial terms were not disclosed; PRIME AE will continue to be led by President and CEO Kumar Buvanendaran (who remains the largest individual shareholder) while NewHold supports the firm's organic and acquisitive growth and national expansion.

PRIME AE Acquires Prosser, Inc.

January 20, 2022

Engineering Services

PRIME AE Group, Inc. (a NewHold company) has acquired Prosser, Inc., a Jacksonville, Florida-based integrated planning and engineering firm. The deal expands PRIME AE’s geographic presence and service capabilities in Florida and the broader Southeast U.S. as an add-on to its existing platform.

PRIME AE Group Acquires Jacobi, Toombs & Lanz (JTL)

September 28, 2023

Engineering Services

PRIME AE Group, Inc., a NewHold company, has acquired Jacobi, Toombs & Lanz, Inc. (JTL), an integrated engineering, surveying, and construction services firm headquartered in New Albany, Indiana. The deal strengthens PRIME AE's Midwest presence and expands its Transportation and Water Resources engineering, surveying, and construction capabilities.

PRIME AE Group Acquires Connelly & Wicker, Inc.

May 29, 2024

Engineering Services

PRIME AE Group, Inc. (a subsidiary of NewHold Enterprises) has acquired Connelly & Wicker, Inc., a Jacksonville- and Orlando-based civil engineering and landscape architecture firm. The acquisition expands PRIME AE's Southeast presence and integrates CWI into the Prosser | PRIME AE Southeast division to broaden regional planning, engineering and permitting capabilities.

PRIME AE Group Acquires Penza Bailey Architects

April 8, 2021

Professional Services

PRIME AE Group, a NewHold AEC company, has acquired Penza Bailey Architects, a Baltimore-based architecture firm. The acquisition brings PBA into PRIME AE as a studio, expanding PRIME AE's architectural capabilities and presence in the mid-Atlantic (K-12, higher education, justice, federal, commercial, and custom residential markets).

STV Group Acquires American Engineers (AEI)

June 8, 2023

Engineering Services

STV Group, Inc. has acquired American Engineers, Inc. (AEI), a full-service civil engineering firm with more than 120 professionals and offices across Kentucky and Georgia. The transaction closed on June 1, 2023; AEI will operate as AEI, an STV Company, expanding STV’s presence and service capabilities in the rapidly growing I-75/I-65 corridor in the Southeast U.S.