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US Consulting Firm Willdan Acquires Buys Genesys Engineering.

MANews-(C)2009-2016

2 March 2016 - US-based consulting firm Willdan Group, Inc. (NASDAQ: WLDN) has agreed to acquire New York-based engineering consulting company Genesys Engineering (Genesys), the company said.

The transaction is expected to close in early March and is expected to add more than USD 30m of revenue to the remainder of 2016, accretive to 2016 earnings.

Genesys Engineering, P.C. is a power engineering firm that provides planning, design, project management, and commissioning services for the energy and utility infrastructure of major facilities and large building complexes including large commercial and institutional buildings, commercial and industrial parks, manufacturing facilities, university campuses, hospitals, and military facilities.

Willdan provides professional consulting and technical services to utilities, public agencies and private industry throughout the United States.

The company's service offerings span a broad set of complementary disciplines that include energy efficiency and sustainability, engineering and planning, financial and economic consulting, and national preparedness.

Willdan provides integrated technical solutions to extend the reach and resources of its clients, and provides all services through its subsidiaries specialised in each segment.

Country: USA

Sector: Utilities

Target: Genesys Engineering

Buyer: Willdan Group, Inc

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Mar 2, 2016
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