Keystone Capital, Inc. (“Keystone”) is pleased to announce that its portfolio company, CONSOR Engineers, has completed the acquisition of Structural Grace. With Structural Grace’s proven and talented team of engineers, inspectors, and surveyors as a part of the CONSOR family, CONSOR continues to enhance its resume and expertise in bridge and transit projects and establishes a foundation for future expansion throughout the Western US.
CONSOR is a North American transportation and water resources engineering firm providing services including planning and design, structural assessment, and construction services. The firm was created in 2018 when four entrepreneur-led businesses came together with the vision of building an engineering firm with the scale to win high-profile projects on the national stage while staying true to their entrepreneurial roots and maintaining their commitment to provide exceptional service to their clients and local communities. With more than 40 offices across the US and Canada, CONSOR is approaching 700 employees including more than 135 professional licensed engineers and was recently ranked #134 on ENR’s 2019 list of the top 500 design firms. The company continues to actively pursue like-minded business leaders to expand and strengthen its geographic footprint and diversify into complementary services. Please visit www.consoreng.com for more information.
Structural Grace is an Arizona-based engineering firm specializing in bridge and transit projects. Through its 20-year history, Structural Grace has established itself as a reputable player in the Arizona marketplace, providing design, construction management and inspection, and construction staking services to its public and private clients. The addition of Structural Grace greatly strengthens CONSOR’s Western US presence and adds strong talent and leadership to CONSOR’s growing team. CONSOR is committed to building around the Structural Grace team and legacy to establish a leading presence in Arizona and the greater Western US. Please visit www.structuralgrace.com for more information.
“We are extremely pleased to welcome Structural Grace to the CONSOR family,” commented Scott Gwilliam, Managing Partner of Keystone Capital. “From day one, it was apparent that Structural Grace was the ideal platform for our launch into Arizona. The combination of a strong presence in Phoenix and Tucson, a reputation for superior client and community service, and an employee-centric culture made them the perfect addition to our team at CONSOR.”
“In selecting a partner for Structural Grace, it was imperative that we find a company with compatible business values, a company dedicated to employee development and client-service,” remarked Claudia Perchinelli, Principal and Co-founder of Structural Grace. “We have found that in CONSOR and look forward to the opportunities to better serve our clients and communities in a bigger way than we could before.”
Terms of the transaction are not being disclosed. Senior debt financing was provided by a consortium led by CIBC, and legal counsel was provided to CONSOR by Honigman LLP. Structural Grace was advised in this transaction by Morrissey Goodale LLC.