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Deal Announcement: Mendenhall Smith Structural Engineers was acquired by IMEG Corp.



Las Vegas, NV, March 1st, 2021 - Blackcastle Partners is pleased to announce the sale of Mendenhall Smith Structural Engineers to IMEG Corp.

Mendenhall Smith is a leading Las Vegas-based Structural Engineering firm founded in 1991. The company is a niche engineering firm providing building engineering for commercial and residential structures, as well as more technical and specialized designs such as tall structures and sophisticated amusement devices. For 30 years, Mendenhall Smith has provided engineered design solutions to thousands of projects and its capabilities are well-recognized by its broad client base in the Las Vegas market and beyond. For more information on the company, visit http://www.mendenhallsmith.com/

IMEG is one of the largest engineering consulting firms in the U.S. specializing in high-performing building systems, infrastructure, program management, and construction-related services. The firm is headquartered in Rock Island, IL, and has over 1,500 employees in multiple locations across the country. IMEG press release: https://www.imegcorp.com/news_events/imeg-acquires-las-vegas-based-structural-engineering-firm/

Blackcastle acted as the exclusive sell-side advisor for Mendenhall Smith Structural Engineers. The transaction closed on March 1st, 2021; the terms of the deal were not disclosed.

Blackcastle Partners is a mergers and acquisitions (M&A) advisory firm providing consulting services to clients in the United States and Canada. Our mission is to help business owners achieve their exit or growth objectives while creating greater opportunities for all shareholders and employees. Blackcastle's experienced advisory team has completed numerous merger and acquisition transactions and has an established network of strategic and private equity buyers. For more information about us and our services, please visit our website at blackcastlepartners.com


Follow Blackcastle Partners' LinkedIn page to see our latest updates and deal announcements: https://www.linkedin.com/company/blackcastlepartners

Jack Simonian, MBA

Managing Partner

Blackcastle Partners | blackcastlepartners.com

(949)614-5564 | jack@blackcastlepartners.com

NV Lic: B.0145391.CORP | BUSB.0007055.BKR

Interested in exploring your M&A options?

We are seeking sell-side mandates with the following criteria:

Company Size:

- Revenues: $2 million - $50+ million

- EBITDA: $0.5 million - $5+ million


Services:

- Architecture

- Construction/Project Management

- Environmental Services

- Fire and safety Eng.

- Geomatics

- Geotechnical Eng.

- Highways and Bridges Eng.

- Land Development

- Landscape Architecture

- Mechanical Electrical Plumbing (MEP) Eng.

- Planning Services

- Program Management

- Structural Eng.

- Transportation / Infrastructure Eng.

- Water and Wastewater Eng.

Geography:

- United States

- Canada


Characteristics:

- Sustainable profit margins

- Compelling growth opportunities

- Competitive advantages


Management team:

- Owner(s) seeking to retire/exit within 2-5 years

- Management team looking for partnership opportunities to grow the business

- Strong next-generation leadership


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