Connecting Cultural Heritage: SEARCH's Transition to CLS
Connecting Cultural Heritage: SEARCH's Transition to CLS
In an exciting development for the cultural resource management sector, 1858 Capital Partners has successfully advised SEARCH Inc. on its acquisition by Contract Land Staff (CLS), a portfolio company of Sentinel Capital Partners. This strategic move marks a significant milestone for SEARCH, a pioneering firm in the field of archaeology and cultural resource management.
Partnership Highlights and The Team Behind SUCCESS
As the exclusive financial advisor, 1858 Capital Partners played a crucial role in the transaction. The leadership team, guided by Managing Director David Simon, alongside Vice Presidents Adam McKinnon and Tom Harrington, worked diligently to structure the deal, reflecting the firm's dedication to ensuring a successful transition for SEARCH.
SEARCH Inc.: A Leader in Cultural Resource Management
Founded in 1993, SEARCH has earned a reputation as a global leader in professional archaeology and cultural resource management. The company has built a substantial portfolio, executing projects worldwide thanks to a team of highly skilled professionals. Their expertise spans maritime archaeology and various cultural heritage services, underscoring SEARCH’s commitment to preserving the past and its role in advancing modern projects.
Leadership Vision for a Bright Future
Anne V. Stokes, the CEO and founder of SEARCH, expressed her enthusiasm about the acquisition, stating that the 1858 team provided exceptional guidance and support throughout the process. This collaboration has solidified SEARCH's position within the CLS network, empowering the company to continue its growth and innovation within the cultural resource management landscape.
Financial Insights and Industry Context
Though the exact financial terms of the transaction were not disclosed, the strategic alliance indicates promising potential for both SEARCH and CLS. By joining forces, they can leverage combined resources and expertise, thus enhancing their service offerings and expanding their reach in both the private and public sectors.
The Vision of 1858 Capital Partners
Based in Winter Park, Florida, 1858 Capital Partners specializes in mergers and acquisitions with a focus on middle-market transactions. Unlike traditional investment banks, 1858 adopts a community-focused model, enabling them to provide tailored advisory services that reflect a deep understanding of their clients' needs and the markets they operate in.
Commitment to Excellence
The team’s extensive experience encompasses various roles, including operators and legal counsel, providing a well-rounded perspective that enhances their advisory capabilities. This commitment to excellence is evident in their successful track record of completing various high-stakes transactions across different sectors.
About Contract Land Staff
Founded in 1985, Contract Land Staff has emerged as a significant player in land and infrastructure consulting services across North America. Their extensive offerings include right-of-way acquisition, civil surveys, and environmental planning, highlighting their versatile skills in addressing unique client needs. This merger positions CLS to further expand their capabilities, particularly in integrating cultural resource management into their service framework, thus broadening their appeal to clients across various sectors.
About Sentinel Capital Partners
Sentinel Capital Partners has a strategic focus on investing in midmarket businesses in the United States and Canada, targeting areas such as business services and healthcare. Their investment model is centered on facilitating growth through partnerships, making them an ideal stakeholder for the newly combined entity of SEARCH and CLS.
Frequently Asked Questions
What was the purpose of the acquisition of SEARCH by CLS?
The acquisition aimed to augment SEARCH's resources and capabilities while expanding CLS's offerings in cultural resource management.
How does this acquisition benefit clients?
Clients will benefit from enhanced service offerings and a deeper pool of expertise in managing cultural resources and archaeological projects.
What role did 1858 Capital Partners play in the acquisition?
1858 Capital Partners acted as the exclusive financial advisor to SEARCH, guiding the transaction from start to finish.
Who are the key leaders behind the acquisition?
The acquisition was led by David Simon from 1858 Capital Partners, along with SEARCH's CEO Anne V. Stokes, who both played pivotal roles in navigating the process.
What does this merger mean for the future of SEARCH?
This merger positions SEARCH for growth and innovation within the industry, allowing the company to serve a broader range of clients effectively.
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