SAN DIEGO--(BUSINESS WIRE)--The Kleinfelder Group, Inc., a leading engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm, announced today that it has acquired Gas Transmission Systems, Inc. (GTS). The transaction, which closed on October 19, 2020, creates significant growth opportunities and bolsters Kleinfelder’s U.S. market position as an industry-leading gas utilities and pipeline services expert.
“As a well-established gas utilities and pipeline services firm, GTS is a strong addition to Kleinfelder,” said Kleinfelder President and CEO Louis Armstrong. “This transaction aligns with our strategic direction and strengthens Kleinfelder’s service capabilities to utilities across the U.S. The specialized experience GTS brings will accelerate Kleinfelder’s growth in the power/utilities market and position the firm for expansion.”
Founded in 1998, GTS delivers sought-after expertise to gas utilities and pipeline operators across the U.S. With a concentration on integrity management and rehabilitation of aging infrastructure, GTS will continue to capitalize on opportunities resulting from significant regulatory drivers. Kleinfelder and GTS have several shared portfolio clients, which will lead to synergistic momentum that will drive opportunities for value creation and further establish Kleinfelder as a major player in the energy infrastructure marketplace.
With the close of the transaction, the GTS organizational structure will remain unchanged under the direction of President Ben Campbell. The GTS organization will report through West Division Director Victor Auvinen as a new Area within the West Division.
“GTS is very excited to be partnering with Kleinfelder,” said GTS President Ben Campbell. “Similar to GTS, Kleinfelder has a great reputation for delivering high-quality technical services to its clients. Together, we will be able to provide even more vertically integrated services and solutions to benefit our clients. I look forward to an extraordinary future working together!”
Kleinfelder’s Growth Continues
Led by Louis Armstrong, the GTS stock purchase is Kleinfelder’s fourth acquisition within the last year, following the acquisitions of Advantage Engineers, Garcia and Associates (GANDA), and Poggemeyer Design Group. Kleinfelder remains focused on driving a strategic plan centered on significant acquisitive and organic growth, with the goal of providing solutions that improve clients’ transportation, water, energy, and other private infrastructure.
Winston & Strawn LLP served as legal counsel and KPMG provided transaction advisory and tax services to Kleinfelder. Senex Advisory served as sell-side financial advisors.
Kleinfelder. Bright People. Right Solutions.
Founded in 1961, Kleinfelder is a leading engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm. Kleinfelder now employs more than 2,400 professionals and operates from over 85 office locations in the United States, Canada, and Australia. The company is headquartered in San Diego, California. Poised for growth, Kleinfelder continues to provide high-quality solutions for our diverse client base. Visit Kleinfelder.com or follow us on LinkedIn/Kleinfelder.