PRIME AE Acquires Prosser, Inc.
January 20, 2022
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.
- Buyers
- PRIME AE Group, Inc.
- Targets
- Prosser, Inc.
- Platforms
- PRIME AE Group, Inc.
- Industry
- Engineering Services
- Location
- Florida, United States
- Transaction Type
- Addon
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PRIME AE Group Acquires Jacobi, Toombs & Lanz (JTL)
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PRIME AE Group Acquires Penza Bailey Architects
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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).
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PRIME AE Group Acquires Integrated Engineering
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PRIME AE Group, the cornerstone company of NewHold AEC, has acquired Integrated Engineering, a 41-person Kentucky-based engineering and surveying firm. The add-on expands PRIME AE's capabilities and geographic presence in Kentucky and surrounding regions; financial terms were not disclosed.
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NewHold Enterprises Invests in PRIME AE Group
December 16, 2019
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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.
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