Company Acquisition
DENVER (2014) – Class VI Partners (formerly CapitalValue Advisors (“CVA”)) is pleased to announce the acquisition of GWD Design, Inc by STV. Class VI Partners served as the exclusive financial advisor to GWD. “Gary and Shauna and the rest of the GWD team built a highly successful oil and gas engineering firm from the ground up,” said David Tolson, Managing Director of Class VI Partners. “Their dedication to their employees, and the business, was unparalleled. It is an extremely rewarding feeling knowing that we were able to contribute to their successes by helping them transition the business to new ownership for the next phase of growth. Growing a business as rapidly as they did is quite remarkable and we are confident that this is only the beginning of what’s to come.”
Details of the Business Acquisition
GWD is a full service provider of engineering, design, project management and field services for clients in many of the largest oil and gas developments across the country. Since 2002, the Company has leveraged its multi-disciplinary approach and project management expertise to deliver innovative and cost effective solutions to its clients, ensuring projects are completed on time and within budget. The Company’s management team will remain in their current roles under the new ownership.
“The decision to pick a trusted advisor was a difficult one, however, from day one, I knew that we made the right decision by selecting Class VI Partners to help us through this process. Working with their team was a true pleasure and I always knew that they had our best interests at heart.” said Shauna Doven, Co-Founder and Vice President of GWD. “Before we met the professionals at Class VI Partners, we were considering managing this process on our own. At the conclusion of this transaction, I’m certain that navigating the process of a sale, and more importantly managing due diligence on our own, would have been a remarkable challenge. No matter what issues arose, David and Jason were there to help us through them and protect our interests. We are truly appreciative for all the hard work and dedication that Class VI Partners showed in order to help us transition our business and would highly recommend their services to others in our position.”
“With GWD’s record of growth in recent years and its broad-based range of services, it is the perfect complement to our well-established energy division,” said Dominick M. Servedio, P.E., STV’s Executive Chairman. “We believe STV and GWD are culturally aligned, with a focus on serving employees and clients first. I am pleased to welcome GWD into the STV family.” It brings an established and highly regarded presence in the Rocky Mountain Region to STV. “This acquisition is a demonstration of STV’s dedication to growing our Energy Services Division and being recognized as national leaders in this marketplace,” said Milo E. Riverso, Ph.D., P.E., CCM, STV President and Chief Executive Officer.
“Together, STV and GWD will be in a position to offer our combined client base across the United States a broader spectrum of professional capabilities.”
About STV
Since its earliest predecessor firm opened its doors more than 100 years ago, STV has become a leader in providing a range of planning, engineering, architectural, construction management and environmental services for energy, transportation, infrastructure and facilities projects. The firm is ranked 40th in Engineering News-Record’s Top 500 Design Firms survey and 33rd among Trenchless Technology’s Top 50 Trenchless Design Firms. STV is 100 percent employee-owned. For more information, visit the website at www.stvinc.com or follow @STVGroup on Twitter.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Shauna Doven, Co-Founder and Vice President of GWD, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Shauna Doven may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
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