Sarasota, FL, May 03, 2017 --(PR.com
)-- King Engineering Associates, Inc. is pleased to announce that private equity funds affiliated with Kain Capital, LLC have acquired a majority interest in King Engineering Associates, Inc., a full service civil engineering firm based in Tampa, Florida with additional operations in Sarasota, Florida, Miami, Florida and Austin, Texas.
Kunal Kain, Managing Member of Kain Capital, LLC, said, “Our investment represents our belief in King Engineering, its employees and its consistently high level of service. Our partnership has begun with all existing managers remaining in place and sixteen senior managers retaining an ownership stake in the company. We expect Kain's investment will help King grow, while maintaining the quality of service clients have come to expect.”
Keith Appenzeller, CEO of King Engineering, added “For forty years, King Engineering has strived to provide clients with the best solutions to their engineering needs. In that time, we have built a full service firm with value recognized by our clients. We believe Kain’s investment provides our employees with an opportunity to grow our business and further improve service to our clients."
Founded in 1977, King Engineering services both public and private sector clients throughout the southeastern United States. King provides full service engineering and construction management capabilities, including: civil, land development, water/wastewater, planning, transportation, ecological, surveying, landscape architecture, water resources, and construction management.