STV Group, Inc., announced it has acquired CP&Y Inc., an employee-owned engineering, architectural, and field services consulting firm.
The transaction formally closed on Sept. 30. CP&Y will now be known as CP&Y, an STV Company.
“This acquisition provides immediate scale in one of the fastest growing markets for infrastructure, enabling us to more profoundly serve our clients,” said Greg Kelly, P.E., STV president and CEO. “Over the past few months, the STV and CP&Y leadership teams have been working together to build the foundation to ensure we are unlocking the full potential of our increased scale, creating value for our clients and professional development opportunities for our employees.”
CP&Y has a staff of over 375 professionals in Texas, Oklahoma, Colorado, Florida, and Virginia.
“This is an exciting next step in our company’s history,” said Pete Patel, CP&Y’s CEO. “Partnering with STV will allow us to leverage the expertise CP&Y has built over the last 40 years and propel us forward for continued growth.”
STV provides engineering, architectural, planning, environmental, and program management and construction management services for transportation systems, infrastructure, buildings, energy, and other facilities.
“This represents a significant opportunity for both companies to expand into new markets and provide additional support to our clients,” said J.J. Roohms, PE, CP&Y president. “This alignment will enable the legacy of CP&Y to endure as we embark upon our next chapter through this partnership. We are proud to be joining forces with STV.”
STV has 40 offices throughout the U.S. and Canada.