VI Engineering, LLC has been acquired by Stantec Consulting Services

The Selling Company: VI Engineering is a leading provider of power engineering design and project-based consulting services nationwide. The company is able to work across the U.S. on short notice due to arrangements established with the National Council of Examiners for Engineering and Surveying (NCEES). The firm is recognized for its high degree of technical understanding of leading edge equipment and being a “go to” firm with teams of high-profile experts who deliver specialized engineering project solutions and consulting services.

Why the company was sold: The company experienced a long history of consistent growth and success and, while the two shareholders remain excited over the future, they sought a transaction with a larger company to gain access to resources that would enable them to grow the company to the next level. The buyer’s business model, benefits, and culture of excellence aligned exceptionally well as the two shareholders and their teams now enjoy a new level of exciting growth initiatives with substantial available resources.

Capital Alliance’s Performance: Capital Alliance was referred to the selling shareholders by a former client and subsequently executed a methodical and discrete strategic initiative to source qualified buyers. Capital Alliance screened potential buyers for culture, operating philosophy, strategic alignment, and capitalization capability and negotiated the purchase price. The closing purchase price included a significant retention bonus for internal employees and other favorable terms that exceeded shareholder expectations by nearly 20%.

The Acquiring Company: Stantec, Inc. is a publicly-traded global provider of professional engineering consulting services. Stantec was formerly known as Stanley Technology Group, Inc. and is based in Edmonton, Canada.