NEWPORT BEACH, CA – Meritage Partners, Inc. (“Meritage”), a leading AEC, middle-market mergers and acquisitions advisory firm, is pleased to announce the successful merger of Irvine, California based KNA Structural Engineers (“KNA”) to RTM Engineering Consultants (“RTM”) a national MEP and civil engineering firm. The transaction closed in Q3 of 2022. Meritage Partners was retained as KNA’s exclusive M&A advisor and was pivotal in maximizing the enterprise value for the client. The transaction was led by Brian T. Franco, Founder and Managing Partner, where his 20+ years of experience helped guide both the parties to a mutually beneficial acquisition.
KNA joins a new team of 280 engineering professionals that brings added expertise and service capabilities for its clients’ projects, with the support of 18 office locations across the country.
“Working with Meritage, we were able to find the right strategic partner that understood our capabilities, identified our weaknesses such as HR and recruiting, and merge with a firm where not only our goals aligned, but that we knew we could grow with,” said Larry Kaprielian, Principal at KNA.
With this merger, RTM will now have the capabilities of offering a full range of mechanical, electrical, plumbing, fire protection, civil engineering, and structural engineering services to clients nationwide.
Commenting on the merger, Tony Mirchandani remarked, “There were a few times during the deal that lawyers, and other advisors were at a stalemate… and the deal could have been sunk if not for Meritage’s approach to see around the corner and create a solution that we were all comfortable with. Their advice saved the deal, and here we are today!”
Meritage was advising KNA on an exit strategy for a couple of years up to the transaction. Leading with relationship equity first, Meritage Partners always puts the clients needs in front of its own priorities. Through his proven process, Mr. Franco carefully monitored the marketplace and KNA’s expectations with the goal to move the opportunity forward at the appropriate time and with a strategic company. Once the timing was right, Meritage swiftly moved to transition the leadership team and to position the business for growth and expansion. After vetting several strategic acquirers, Meritage identified and worked diligently with KNA and RTM to complete the deal.
Founded in 1996, KNA Structural Engineers is an award-winning, full-service structural engineering firm that delivers innovative solutions to the educational, civic, healthcare and commercial industries. It provides engineering services for a wide spectrum of buildings ranging from educational and healthcare facilities to civic, commercial, and essential facilities. The Company also provides seismic upgrades for existing buildings.
About Meritage Partners
Based in Newport Beach, California, Meritage Partners is a mergers and acquisitions advisory firm serving SMBs in a variety of industries throughout North America. Its advisors are made up of accomplished and experienced entrepreneurs with over 130 years of collective experience. Meritage’s team has advised on over $2.0 billion of successful transactions with strategic companies, private equity firms, family offices, and public companies.For additional information, please visit meritage-partners.com or submit an inquiry to firstname.lastname@example.org.