- September 29, 2021
- Posted by: Mainframe Consulting
- Category: Business Wire
HOLDEN, Mass.–(BUSINESS WIRE)–Alden Research Laboratory, Inc. (www.aldenlab.com, “Alden”), the oldest continuously operating hydraulic laboratory in North America, has joined Round Table Capital’s (RTC’s) sponsored national platform of companies focused in the industrial, real estate, energy, technology, water resources, transportation, and government sectors with professional staff and complementary capabilities across the US.
The combined platform includes nearly 450 staff in offices across the US. Together, the firms that make up the platform offer comprehensive capabilities, including environmental site assessment and remediation, environmental compliance, water resources and treatment, natural resources and ecology, traditional site civil and geotechnical engineering, as well as climate change resiliency including marine and coastal engineering.
Alden offers a combined 127 year history of high-end Computational Fluid Dynamics (CFD) and fluid flow modeling, best in class physical modeling, field measurements and precision flow meter calibrations with extensive national and international experience in the modeling and permitting of hydroelectric dams, nuclear facilities and coastal and riverine modeling and environmental compliance projects found throughout the United States.
Gerry Salontai, CEO of the platform, explained, “It is immediately clear how the addition of Alden to the NECS platform will bring added value and success to the clients we serve across the US. I share the excitement of all platform employees in welcoming Alden’s uniquely capable leadership and technical professionals to the team.”
Alden will continue its commitment to preserving its rich historic legacy which includes some of the earliest model testing in the United States, and unique projects such as system performance measurements for the Panama Canal, and large-scale physical modeling for the Mid-Barataria and Mid-Breton sediment diversions on the Mississippi River.
As Stuart Cain, Ph.D., President of Alden explains, “We believe this strategic next step in joining the platform enhances our technical and geographical breadth and provides career growth opportunities for our team members. I look forward to adding our expertise to the platform and building deeper relationships with our current and future clients.”
Alden Vice President, Dan Gessler, Ph.D., P.E., D.WRE offers, “I am excited about our combined capabilities and how this will help our staff grow in their careers and better help our clients realize their goals. I look forward to supporting the platform goals and continuing the work with our existing clients.”
This platform is sponsored by Round Table Capital (“RTC”) and is their third buy and build strategy in the AEC industry. Christopher Lee, Managing Partner and member of the founding team at RTC said, “We are very pleased to welcome the entire Alden team to the platform. The strategic addition of such a strong organization is a win for all stakeholders; it provides additional opportunities for employees, enhances the service offering to clients, and creates value for shareholders.”
Stradling, Yocca, Carlson and Rauth, P.C. acted as legal counsel, and BDO USA, LLP and CohnReznick, LLP acted as financial and tax advisors on behalf of RTC and its affiliates.
The combined firm will continue to grow by attracting top talent to bring clients the necessary expertise and insights to further their success, and by adding like-cultured firms that expand geographic reach, complement service offerings, and strengthen the diversity and experience of the team of professionals.
Published at Wed, 29 Sep 2021 18:30:00 +0000