NEWPORT BEACH, CA – Meritage Partners, Inc. (“Meritage Partners”), a leading, boutique, middle-market mergers and acquisitions advisory, is pleased to announce the successful sale of tk1sc (“tk1sc”) to globally-recognized professional services firm WSP (TSX:WSP). The transaction closed on January 27, 2021.
The Partners of tk1sc strongly believe that by joining the largest engineering firm in North America will accelerate its trajectory toward achieving its 2025 goals, realizable by leveraging WSP’s scale, back-end infrastructure, and resources.
“We were privileged to work with Brian Franco and the other team members at Meritage Partners in a recent merger / acquisition, and we were extremely pleased with the quality of service. Meritage worked tireless in their efforts to drive a transaction from initial review to close,” said Raymond Swartz, Partner at tk1sc.
Meritage Partners was retained as the Company’s exclusive M&A advisor and investment banker. The transaction was led by Brian T. Franco, Founder and Managing Partner.
tk1sc, headquartered in Southern California, is a multi-discipline professional engineering firm with over 240 employees that for the past 40 years has been an integral part of shaping the built environment in the Western United States. Working collaboratively with industry partners, tk1sc is a leader at providing innovative, environmentally appropriate design solutions for technical challenges across a large variety of building types and market sectors.
On August 1, 2012, Tsuchiyama Kaino Sun & Carter (TKSC), a mechanical and plumbing engineering firm founded by Victor Tsuchiyama in 1979, merged with Konsortum 1 (K1), an electrical engineering firm to become tk1sc, a full-service MEP firm. The combined companies have operated for over 40 years, garnering the reputation as trusted advisors within its respective industry. Roger Carter, the only remaining namesake partner of TKSC, was the CEO of tk1sc prior to its acquisition.
The wide-ranging engineering services that tk1sc provides include mechanical, electrical, plumbing, technology, fire protection, security, lighting, commissioning and energy and sustainability. This comprehensive mix of services allows tk1sc to maximize performance of building systems and indoor environmental quality while minimizing the effect on the environment by conserving energy and water.
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 M&A transactions with private equity firms, high net-worth individuals, and public companies.
For additional information, please visit meritage-partners.com or submit an inquiry to email@example.com.