STV Group Inc., today announced that it has acquired CP&Y, Inc., an employee-owned firm with a staff of over 375 professionals in Texas, Oklahoma, Colorado, Florida, and Virginia.
CP&Y is an award-winning, full-service firm that focuses on the water and wastewater, transportation and transit, roadways and bridges, and aviation market sectors. The firm has consistently ranked among the Top 500 Design Firms in the country by Engineering News-Record.
The transaction formally closed on September 30. From now on, CP&Y will be known as “CP&Y, an STV Company.”
"This acquisition provides immediate scale in one of the fastest growing markets for infrastructure, enabling us to more profoundly serve our clients," said Greg Kelly, STV president and chief executive officer. "Over the past few months, the STV and CP&Y leadership teams have been working together to build the foundation to ensure we are unlocking the full potential of our increased scale."
"This is an exciting next step in our company's history," said Pete Patel, CP&Y's chief executive officer. "Partnering with STV will allow us to leverage the expertise CP&Y has built over the last 40 years and propel us forward for continued growth."
"This represents a significant opportunity for both companies to expand into new markets and provide additional support to our clients," said J.J. Roohms, P.E., CP&Y president.
SOURCE: STV Group Inc, via PR Newswire
