Cadmus Group merges with Quantec LLC

The Cadmus Group Inc., a leading environmental and energy consulting firm, has announced its merger with Quantec, LLC, an analytics consultancy based in Portland, Oregon. Quantec's principal business is in research, analysis, and planning for the energy industry. It will operate under the Cadmus name, and Cadmus will maintain Quantec's former offices in Portland and in Boulder, Colorado, and Reedsburg, Wisconsin...

• Consolidation strengthens array of consulting services for public and private sector clients on energy, environmental issues

WATERTOWN, MA, May 1, 2008 -- The Cadmus Group Inc., a leading environmental and energy consulting firm, has announced its merger with Quantec, LLC, an analytics consultancy based in Portland, Oregon. Quantec's principal business is in research, analysis, and planning for the energy industry.

"Over the past 25 years, Cadmus has achieved a position of leadership working on the most significant environmental and public health issues of the day, from safe drinking water and clean air to global climate change," said Ian Kline, Cadmus president and CEO. "Adding Quantec significantly expands our expertise in energy efficiency and renewable energy, strengthens our place in the fast-growing energy services market, and enables us to help our clients even more as they address the challenges most affecting our environment."

"Our merger creates a dynamic partnership that will provide unequaled environmental, energy, and utility industry consulting expertise," said M. Sami Khawaja, founder and president of Quantec. "Together, we cover the whole spectrum of energy, water, and sustainability consulting, and we are ready to offer a comprehensive set of technical, policy, and managerial services to governmental and utility clients, as well as other businesses participating in energy markets."

Dr. Khawaja will become the vice president in charge of Cadmus' new energy services group, created as a result of the merger. He also will join Cadmus' board of directors and executive committee.

Quantec was named one of Inc. Magazine's 500 fastest growing private companies in 2005. It will operate under the Cadmus name, and Cadmus will maintain Quantec's former offices in Portland and in Boulder, Colorado, and Reedsburg, Wisconsin. The merged company will have a technical staff of more than 200 members in over 10 offices nationwide. No reductions in Cadmus or Quantec staff are expected as a result of the merger.

"We conducted an exhaustive search to find a suitable merger partner, a firm that shares our commitment to high-quality client service, to the welfare of our employees, and to participating in the life of the communities in which we work," said Kline. "We found that in Quantec. As environmental companies, Cadmus and Quantec have sought to reduce their carbon footprints in a number of ways. Both firms also have supported a variety of charities and sought other ways to give back to their communities and to society at large. We are proud of that commitment, which remains as strong as ever as Quantec becomes a part of Cadmus."

The merger is the result of a growth strategy Cadmus has been pursuing since mid-2005. It is the most recent in a series of major business activities that characterize the dynamic state of Cadmus' environmental and energy consulting practice as the firm marks the 25th anniversary of its founding in 1983. Financial details of employee-owned Cadmus' merger with closely held Quantec have not been released.

Since 1983, employee-owned Cadmus Group has helped government, nonprofit, and corporate clients address critical challenges in the environmental and energy sectors.

Quantec was formed in 1998 to respond to the energy industry's growing demand for specialized technical services that help mitigate risk and uncertainty in business and financial planning.

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