News Summary
Ardurra Group Inc. has acquired Cannon & Cannon, Inc., a leading civil engineering firm in Knoxville, Tennessee. This strategic acquisition aims to enhance service capabilities and expand employment to approximately 1,850 across 85 offices in the U.S. The merger leverages both firms’ strengths in infrastructure and engineering to better serve rapidly growing communities in Tennessee, while retaining CCI’s headquarters in Knoxville.
Tennessee – Ardurra Group Inc., a prominent engineering firm, has announced its acquisition of Cannon & Cannon, Inc. (CCI), a leading civil engineering firm based in Knoxville, Tennessee. This strategic move aims to enhance the capabilities and increase value for clients in Tennessee, which is known for its rapid growth and development in engineering and infrastructure.
Founded in 1996, CCI has established itself as a full-service civil engineering firm specializing in utility infrastructure. With expertise in key areas such as water, sewer, stormwater, and transportation systems, CCI is the largest engineering firm comprised of licensed professional engineers in Knoxville. The acquisition will merge over 100 CCI professionals with Ardurra’s existing workforce, expanding total employment to approximately 1,850 across more than 85 offices in the United States.
The decision to acquire CCI was influenced by the firm’s strong talent pool and its established relationships with clients in the region. The merger represents an opportunity for both firms to collaborate and leverage their combined strengths in serving growing communities throughout Tennessee. CCI will maintain its headquarters in Knoxville, and also keep its additional offices in Memphis and Bowling Green, Kentucky.
Details of the Acquisition
Ardurra, which is headquartered in Miami, has been recognized as an esteemed player in the engineering sector, ranking #75 on Engineering News-Record’s (ENR) Top 500 list. The company offers a wide range of complex engineering, consulting, and design services, with a focus on areas such as water management, transportation, aviation, and public works. The acquisition is seen as a significant step in furthering Ardurra’s mission to serve and support infrastructure projects in a growing market.
Expertise and Experience
Cannon & Cannon, Inc. boasts a team of roughly 100 professionals and a solid legacy of delivering comprehensive infrastructure solutions. This acquisition enables Ardurra to expand its footprint in the Tennessee market while enhancing the resources and skills it can provide to its clients. The union of these two firms is expected to generate innovative engineering solutions that address the specific needs of the region’s rapidly expanding communities.
Investment and Financial Background
Ardurra operates as a portfolio company of Littlejohn & Co., LLC, an investment firm based in Greenwich, Connecticut, managing approximately $8 billion in regulatory assets. This financial backing supports Ardurra’s growth strategy, allowing it to make significant investments in firms like CCI that align with its goals of delivering high-quality engineering services to local markets.
Conclusion
The merger of Ardurra and Cannon & Cannon, Inc. signifies an important development in the civil engineering landscape of Tennessee, reflecting the ongoing demand for specialized infrastructure solutions. By joining forces, the combined firms are poised to deliver enhanced services and greater value to clients, catering to the unique challenges presented by the region’s growth and infrastructure needs.
Deeper Dive: News & Info About This Topic
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- Encyclopedia Britannica: Civil Engineering
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