Chesapeake Corporate Advisors Serves as Exclusive Financial Advisor
Baltimore, MD – December 7, 2021 – Chesapeake Corporate Advisors (“CCA”) is pleased to announce that it has served as exclusive financial advisor to Century Engineering, Inc. (“Century”) in its sale to The Kleinfelder Group, Inc. (“Kleinfelder”), a leading engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm headquartered in San Diego, California.
Founded in 1953, Century is a multidisciplinary engineering firm headquartered in Hunt Valley, Maryland with multiple locations in the Mid-Atlantic region. Century’s decades-long commitment to innovation and quality makes them the ideal partner for Kleinfelder’s strategic growth initiatives.
CCA’s Charles Maskell, Managing Partner, and Tim Brasel, Director, served as the exclusive sell-side financial advisors to Century. Susan Baker and Craig Roswell of Niles, Barton & Wilmer, LLP served as legal counsel.
“CCA has been a strategic partner for Century over the last 25 years. We have worked closely with Charlie and the CCA Corporate Advisory team to execute acquisitions in the Mid-Atlantic and grow shareholder value,” said Century President and CEO, Francis Smyth. “Century is extremely pleased with the Investment Banking team at CCA and their contribution to the beginning of a mutually beneficial partnership with Kleinfelder.”
The acquisition of Century strengthens Kleinfelder’s Mid-Atlantic presence and bolsters the organization’s commitment to improving U.S. infrastructure. “This transaction aligns with our strategic direction and will accelerate growth across multiple market sectors and technical service lines,” said Kleinfelder President and CEO, Louis Armstrong.
Century will continue to operate under the direction of the company’s leadership team, incorporating its 600 professionals into Kleinfelder’s East Division business unit. “The opportunity to partner and build these businesses is boundless as Century’s talented people will complement Kleinfelder’s culture through first-class client attention, expanded service offerings, and long-term client satisfaction,” said Smyth. “I look forward to an exciting future and watching our exceptional staff grow together.”
About Century Engineering
Founded in 1953, Century Engineering provides a full suite of engineering services and innovative solutions to Federal, state, and local governments, transportation and DOT agencies, utility providers, universities, healthcare systems, and commercial clients. With locations across the Mid-Atlantic region, they aim to set the standard for professional services by uniting quality, innovation, and creativity with dedication, responsiveness, and commitment. For more, visit centuryeng.com.
Founded in 1961, Kleinfelder is a leading engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm. Kleinfelder now employs more than 3,000 professionals and operates from over 100 office locations in the United States, Canada, and Australia. The company is headquartered in San Diego, California. Poised for growth, Kleinfelder continues to provide high-quality solutions for their diverse client base. For more, visit kleinfelder.com.
About Chesapeake Corporate Advisors
Chesapeake Corporate Advisors, LLC (“CCA”) is a boutique investment banking and corporate advisory firm, founded in 2005, committed to serving investor-owned and closely held emerging growth and middle market companies. CCA provides strategic advisory services (value creation), investment banking services (value realization), and valuation & financial opinions to companies with revenues between $10 million and $200 million. For more information about Chesapeake Corporate Advisors, please visit the website at ccabalt.com or call 410.537.5988.