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Kain Capital acquires majority stake in King Engineering

Kain Capital has acquired a majority stake in King Engineering Associates, strengthening its position within the civil engineering space.

Financial terms of the transaction have not been disclosed.
 
King Engineering is a full-service civil engineering firm with headquarters in Tampa, Florida, and operations across Miami, Sarasota, Florida and Austin, Texas.
 
"This acquisition greatly advances our strategy of focusing on strong businesses in the engineering space with opportunities for growth," says Kunal Kain, managing partner of Kain Capital. "Our partnership begins with all existing managers remaining in place, and 16 senior managers retaining an ownership stake in the company."
 
"For 40 years, King has been providing clients with the best solutions to their engineering needs," says Keith Appenzeller, CEO of King Engineering. "With the increased reach and financial strength that come with the Kain Capital investment, the firm is poised to grow and further expand our client services."
 
King Engineering services both public and private sector clients by leveraging its expertise in land development, water/wastewater, planning, transportation, ecological, surveying, landscape architecture and construction management.
 
Stradling Yocca Carlson & Rauth acted as legal counsel, and BDO USA acted as financial and tax adviser on behalf of Kain Capital and its affiliates.

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