Strategic Partnership Enhances Propel Engineering's Services
Strategic Partnership for Enhanced Engineering Solutions
Cross Keys Capital, LLC, a highly regarded independent investment banking firm with expertise in M&A advisory services, recently announced its role as the exclusive financial advisor to Propel Engineering in their strategic partnership with Traffic & Mobility Consultants (TMC). This collaboration marks a significant milestone for Propel Engineering, a distinguished firm specializing in civil engineering.
Overview of Propel Engineering
Founded in 2013, Propel Engineering has earned a solid reputation for its commitment to delivering exceptional civil engineering services. The firm's focus lies primarily in highway design, traffic analysis, and structural design. Propel Engineering's extensive experience working with both public and private sector clients, including collaboration with the Florida Department of Transportation, aligns seamlessly with TMC's strategic goals and commitment to transportation engineering excellence.
Understanding Traffic & Mobility Consultants
TMC, established in 2012, is known for its expertise in Transportation Planning and Traffic Engineering. The company provides high-quality services to private clients and government agencies across local, county, and state levels. TMC is dedicated to delivering innovative and strategic solutions aimed at achieving safe and effective mobility, underlining its commitment to client satisfaction. Through the partnership with Propel Engineering, TMC is expected to enhance its service offerings and broaden its project scope.
The Benefits of Collaboration
Maj Alam, the Founder and President of Propel Engineering, expressed his enthusiasm about this partnership. He remarked, "Over the past decade, Propel Engineering has established itself as a trusted partner in Florida's transportation infrastructure development. Joining forces with TMC not only combines our expertise but also amplifies our capacity to address complex engineering challenges. This partnership enables us to undertake larger, more impactful projects while significantly contributing to Florida's advancing transportation landscape. We are eager to explore the value we can offer our clients and the opportunities this creates for our talented team."
Value Added by Cross Keys Capital
Neil Dhruve, Director at Cross Keys Capital, also shared his thoughts on this collaboration, stating, "Working with Maj was a true pleasure. We are excited to witness the extraordinary opportunities that the combined capabilities of Propel Engineering and TMC will unveil." This partnership not only signifies growth for both companies but also promises an enhancement in service delivery and project execution for their clients.
Conclusion and Future Prospects
The financial specifics regarding the acquisition remain undisclosed. However, the engagement represents Cross Keys' significant role in successful sell-side advisory throughout the year, highlighting its expertise and commitment to fostering valuable partnerships within the industry.
Contact Information for Cross Keys Capital
Cross Keys Capital
200 East Broward Boulevard
Suite 1200
Fort Lauderdale, Florida 33301
(954) 779-2600
info@ckcap.com
Frequently Asked Questions
What is the significance of the partnership between Propel Engineering and TMC?
The partnership expands both companies' capabilities and allows them to undertake larger projects, enhancing their service offerings.
When was Propel Engineering founded?
Propel Engineering was established in 2013 and has since built a solid reputation in civil engineering.
What areas does Traffic & Mobility Consultants specialize in?
TMC specializes in Transportation Planning and Traffic Engineering, serving public and private sectors.
Who acted as legal advisor to TMC in this partnership?
Greenberg Traurig provided legal advisory services to TMC during this strategic partnership.
What services does Cross Keys Capital provide?
Cross Keys Capital offers a full range of investment banking merger and acquisition advisory services, focusing on middle-market businesses.
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