CriticalPoint Money Completes Acquisition of the Power Design Division from AECOM

Laveta Brigham

PISCATAWAY, N.J. and MANHATTAN Seashore, Calif., Oct. 19, 2020 /PRNewswire/ — United E&C, Inc. (“United”), a major infrastructure engineering, procurement, design and consulting corporation, formerly the Ability Design division of AECOM (NYSE: ACM), currently announced its start as an unbiased firm and the closing of AECOM’s sale of United to […]

PISCATAWAY, N.J. and MANHATTAN Seashore, Calif., Oct. 19, 2020 /PRNewswire/ — United E&C, Inc. (“United”), a major infrastructure engineering, procurement, design and consulting corporation, formerly the Ability Design division of AECOM (NYSE: ACM), currently announced its start as an unbiased firm and the closing of AECOM’s sale of United to affiliate marketers of CriticalPoint Funds, LLC (“CriticalPoint Money” or “CPC”).

“United continues our 115-yr heritage of delivering conclusion-to-end engineering and building services to the power market,” mentioned Scott Reeder, Chief Government Officer of United. “In CriticalPoint Capital, we have discovered a partner with the business knowledge and operational resources to assistance our eyesight.  We are enthusiastic to perform with CPC to build on our legacy of providing essential infrastructure and solutions to our shoppers with a emphasis on security, high quality and integrity.”

Brad Holtmeier, Companion at CPC stated, “United signifies a compelling chance to make investments in a large engineering and building system with a extensive-standing observe history and track record for excellent.  We have a deep appreciation for solid engineering and construction franchises and encounter in partnering with administration to enhance people strengths and speed up their advancement as a standalone organization. United’s market place-foremost services, capacity to deliver to demanding stop-marketplaces, and commitment to buyer assistance present an exceptional basis for the small business.” This transaction expands on CPC’s know-how in the engineering and construction sector next the 2017 acquisition of Imperia Engineering Associates, a primary supplier of engineering, style and building management providers to the utilities, nuclear and strength industries.  

“As we go forward, we’re leveraging the United title, which is tied to our loaded background and legacy. We’re right here to do some thing new, one thing distinct. We are right here to be united. United in our approach to our perform, in partnership with our clients, to do the things that issue, just as we did much more than 100 decades ago – building significant infrastructure to electricity our globe,” stated Mr. Reeder.

About United E&C
United E&C is an field leading infrastructure engineering, procurement, construction and consulting company focused to improving upon lives by offering the world’s most impactful answers. Due to the fact 1905, we have served the ability industry by offering extensive lifecycle companies for the common technology, nuclear, transmission and distribution, renewable, and distributed power markets. Alongside one another with our shoppers and companions, we are unified in our initiatives to deliver innovative and transformative infrastructure created and created to satisfy the demands of now and for the long term. www.ueci.com&#13

About CriticalPoint Funds
Established in 2012, CriticalPoint Funds is a personal expenditure agency primarily based in Manhattan Beach front, CA. The organization is centered on buying businesses with very long-term benefit development chances and partnering with administration teams that can gain from affected individual money and a thoughtful approach to expansion. CPC’s portfolio is at the moment comprised of ten system investments across North America in a wide range of industries. www.criticalpointcapital.com

 

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Source CriticalPoint Capital United E&C

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