GBA Acquires Rio Engineering, a Strategic Partner in Texas
George Butler Associates, Inc. (GBA) announced yesterday the acquisition of Rio Engineering, Inc. (Rio), its second deal in Texas, to capitalize on market potential for infrastructure preservation and expansion. GBA is a long time Investor with Liberty Economic Development Corporation and we would like to congratulate them on their continued growth!
The partnership began several years ago at a diving inspector training conference and the two firms have been working together on multiple contracts since. “By joining forces, our shared capabilities and increased capacity will enable the team to complete major inspection contracts and pursue new opportunities along the southern gulf. We are delighted to welcome Rio to GBA,” Tim Ross, GBA President/CEO.
Rio provides routine, fracture critical, underwater, and other structural inspection services. This focus on inspection of bridges, seawalls, wharfs, and other waterfront structures blends well with GBA’s Transportation group. All employees will remain with the company and work from offices in Round Rock and Childress, Texas. Joe Starkey, founder of Rio, said “We are excited to join the GBA team to leverage the resources and experience of a larger firm while providing long-term stability of the company for years to come.”
The GBA/Rio merger closed on October 1, 2021. Terms of the acquisition will not be released. GBA was represented by M&A legal consultant, Seck & Associates, with assistance by Morrissey Goodale during the valuation stage. KingsPoint Capital, LLC, a middle-market investment banking firm based in Houston, facilitated the sale of Rio Engineering.
Founded in 1969, GBA is a multi-disciplined firm achieving excellence through collaboration, innovation and diversification. Primary markets include transportation, water, environment, buildings, and site development. GBA and its affiliates employ a staff of 400 headquartered in Lenexa, Kansas, with regional offices in Texas, Missouri, Colorado, Nebraska, Iowa, Washington, North Carolina and Illinois. Members of GBA’s multi-disciplined staff work closely with clients to accomplish the firm’s core purpose – “creating remarkable solutions for a higher quality of life.”
Liberty Economic Development Corporation
Ralph Boots, EDFP