FMI Advises Satterfield & Pontikes Construction in Acquisition of Eagle Contracting
M&A Transaction Expands Satterfield & Pontikes’s Specialty Construction Portfolio
FMI Capital Advisors is pleased to announce that Satterfield & Pontikes Construction (S&P) has acquired Dallas/Fort Worth-based Eagle Contracting, LP (Eagle), a prominent general contractor that conducts work solely in the water and wastewater industry. FMI Capital Advisors served as the exclusive financial advisor to S&P for this transaction.
Founded in 1989 in Houston, S&P provides a full range of pre-construction, construction and consulting services through a variety of delivery methods including general contracting, construction manager at risk and design-build. Through the acquisition, S&P enhances its growing construction specialty portfolio and expands its geographic footprint in Texas.
“Satterfield & Pontikes is very pleased to have Eagle join our family of companies,” said Clay E. Morel, S&P’s President. “Water is a critical piece of the overall infrastructure equation, and it is now an important part of our business. Eagle has an outstanding reputation for delivering quality projects and their culture of integrity and collaboration mirrors our own.”
“With its invaluable guidance and expertise in the construction and contractor space, FMI supported us throughout the transaction process to ensure we were investing in a company that would advance S&P’s water infrastructure capabilities,” added Morel.
Eagle will retain its name, and President Roy Ewen and Vice President Billy Haynes will remain in their current leadership roles and join the S&P executive team.
ABOUT SATTERFIELD & PONTIKES CONSTRUCTION
Satterfield & Pontikes (S&P) is an ENR top 400 company and offers a full range of preconstruction, construction and consulting services to both public and private clients. Founded in 1989, the company provides a number of delivery methods, including General Contracting, Construction Manager at Risk and Design-Build. S&P is considered an innovator in construction management systems and has pioneered numerous technological advancements across its solid portfolio of wide-ranging projects, including educational, transportation, healthcare, commercial and governmental, as well as retail distribution and manufacturing facilities. The S&P family of companies comprises six specialty construction subsidiaries including Eagle Contracting, Rollcon, Westway Construction, Greco Structures, Pontikes Development and Rocket Concrete Pumping. In addition to its headquarters in Houston, S&P has offices in Dallas, Austin and San Antonio and business units in New York and Los Angeles.
ABOUT EAGLE CONTRACTING, LP
Eagle Contracting, L.P., located in Keller, Texas, is a prominent General Contractor performing work solely in the Water and Wastewater Industry. Established in 1987, we have consistently ranked in the Engineering News-Record (ENR) national survey of the Top 200 Environmental Contractors in the United States. Eagle Contracting, L.P. takes pride in the projects we build and are proud to associated our name with the finished product. Our small nucleus of management interjects an atmosphere of a small business environment, yet with the resources and expertise to compete with the larger nationally ranked contractors in our field.
About FMI Capital Advisors
FMI Capital Advisors has dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships.
FMI Capital Advisors Contact
John Steinegger
Managing Director
[email protected]
303.398.7210