Terracon acquires Wang Engineering Inc. of Illinois
OLATHE, Kan., February 15, 2022 /PRNewswire/ — Terraconan employee-owned company with a long history of excellence in engineering consulting services, is pleased to announce that it has acquired Wang Engineering Inc. (Wang) of lombardIllinois, which specializes in geotechnical engineering, construction inspection and materials testing services.
For the past 39 years, Wang has provided geotechnical services to a wide range of clients across the United States, including state and federal governments as well as the private sector. The company has extensive experience in providing geotechnical services for the City of Chicagothe Illinois and Indiana transportation departments, and on other public transportation projects, including highways, tolls, and railroads.
A subsidiary, Wang Testing Services, Inc., was sold separately and was not purchased by Terracon as part of the acquisition. Wang Engineering and Terracon will continue to work with Wang Testing Services, Inc. as a team partner.
“Wang is a respected provider of geotechnical engineering services in Illinois and Indiana with an impressive track record,” said Gayle Packer, Chairman, President and CEO of Terracon. “We look forward to the addition of Wang’s highly skilled team as we expand our services to transportation and infrastructure customers.”
Wang’s 25 employees will immediately become part of Terracon. The company will continue to operate locally as Wang Engineering Inc., A Terracon Company, and the transition will be seamless for customers. The new acquisition is supported by Terracon’s existing offices in Chicago, Glendale Heights, Downer Groveand Hartford, Ill.as well as offices everywhere Indiana and neighboring states.
“Joining Terracon allows Wang to continue to provide the same high level of quality services we have always provided to our customers, while providing expanded access to Terracon’s nationwide resources and expertise,” said Paul Wang, Chairman, Wang Engineering. “We look forward to sharing our enhanced capabilities for the benefit of our customers.”
“As a 100% employee-owned company, we believe joining Terracon is a perfect fit with how we value our employees,” said Corina Farez, PE, PG and Vice President of Wang Engineering. “Our employees will continue to grow and bring new improvements to our relationships with our customers.”
The transaction was brokered by Environmental Financial Consulting Group (EFCG) of denver. Jessica BarclayManaging Partner of EFCG said, “We have worked hard to find the best solution for Wang’s exceptional engineering team, and Terracon has already exceeded our expectations. They listened extremely well throughout the process and prepared for the integration and joint pursuit of new activities. opportunities with kind professionalism.”
Terracon is an employee-owned consulting company made up of more than 5,000 inquisitive minds focused on solving engineering and technical problems at more than 175 locations nationwide. We deliver timely, real-time insights driven by data, delivered by our talented employee-owners, to create an unparalleled customer experience that spans the lifecycle of any project, any size, anywhere. Terracon consistently ranks among the top 25 design companies by News-Record Engineering. Start exploring with us by visiting terracon.com.
The Environmental Financial Consulting Group (EFCG) was founded in 1990 to provide a strategic, data-driven advantage to architecture, engineering and construction (A/E/C) companies to advance innovation , sustainability and industry success. Services include M&A advisory, financial and strategic advice, valuations, peer-to-peer benchmarking, industry executive conferences and board presentations. Learn more about efcg.com.