DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the merger of its client Tanner Engineering, Inc. with RTM Engineering. The merger closed July 11, 2023.
Tanner Engineering, founded in 1996, and located in La Mesa, California, specializes in complex electrical engineering design with specific experience in healthcare, alternative energy, and education. Their scope of services include lighting, power distribution, medium voltage, fire alarm, energy retrofits, and arc flash coordination studies.
In addition, they have expertise in facility assessments, OSHPD/HCAI – NPC studies, master planning, and innovative design strategies for microgrids and emergency electrical system upgrades. One of their most recent successes is six of the first group of microgrid projects ever approved by OSHPD/HCAI and the state of California.
RTM Engineering (RTM), located in Schaumburg, Illinois, is a national MEP, Civil, and Structural engineering consulting firm that has achieved success by remaining privately-owned and governed by its leadership team of partners. RTM has highlighted its commitment to growth through investment in successful entrepreneurial firms throughout the country, with a like-minded vision of the future.
“We have great admiration for the work produced by the RTM team and their well-established reputation within the industry. The merger between our two firms will offer some exciting prospects in undertaking new and challenging projects on a national scale,” said Rocky Tanner, President of Tanner Engineering.
Tanner added, “Much like RTM, Tanner Engineering is committed to delivering innovative design solutions for their clients’ projects, while also fostering an employee-centric culture of collaboration, respect, and trust. With our core values being so perfectly aligned, this merger will allow us to enhance our capabilities with existing clients; identify new opportunities for our newly combined team of 370+ engineering professionals across the country; and further our commitment to sustainable growth.”
“We are thrilled to be welcoming the Tanner Engineering team to RTM, their specialized expertise in the California market is unmatched, and the culture they have built aligns greatly with our own. We can’t wait to see what the future holds as we merge our two organizations,” said RTM CEO, Tony Mirchandani.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham and his team, led by Managing Director, M&A, Mike Meredith, with support from Senior Vice President, M&A Amy Wall closed the merger. Executive Managing Director, Rick Buchoz established the initial relationship with Tanner.
“Tanner Engineering’s expertise will merge well with RTM Engineering’s vast knowledge in the California market and beyond,” said Meredith.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, wealth management and digital services.
The M&A Advisor named Generational Equity Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. The Global M&A Network named Generational USA Investment Bank of the Year in 2023. For more information visit https://www.genequityco.com/ or the Generational Equity press room.