CHA Consulting acquires Wolverton & Associates, Georgia-based transportation & traffic engineering firm
June 6, 2019
CHA Consulting, Inc. (CHA), a highly diversified, full-service engineering consulting firm announced today that it has acquired Wolverton & Associates, Inc. Wolverton is a 100-person, full-service transportation, traffic and civil engineering firm based in Atlanta, Georgia.
AEC Advisors initiated the transaction and served as Wolverton's financial advisor.
"Andrej Avelini and Joe Smetona’s deep relationships and knowledge within the AEC industry allowed us to identify our ideal partner in an accelerated timeframe we never thought possible. Their keen understanding of our needs as well as their expert advice proved invaluable throughout the entire process.” said Jay Wolverton, Founder & CEO of Wolverton.
Jay Wolverton continued, “The Wolverton team is very excited to join CHA. The opportunities for collaboration with the CHA team will enhance our clients’ experience, while access to a broader platform will benefit the growth and professional development of our staff. Our shared commitment to quality, excellence, and trust make CHA the ideal partner for Wolverton.”
About AEC Advisors
AEC Advisors LLC is a leading investment banking and corporate finance advisory firm for executives and boards of Architecture, Engineering & Consulting ("AEC") firms. The four principals have completed over 130 M&A transactions in the AEC industry and have advised over 400 AEC firms on corporate finance issues, including M&A, capitalization & modeling, stock valuation, KPI benchmarking, and internal ownership transitions. Our goal is to help key decision‐makers of AEC firms confidently address financial issues and opportunities, so that they can focus on their clients, projects, and people.
Andrej Avelini, President
Josh Lahre, Senior Principal
Tyler Albright, Principal
Joe Smetona, Principal