STV Group Inc., has acquired CP&Y Inc., an employee-owned engineering, architectural, and field services consulting firm with a staff of over 375 professionals in Texas, Oklahoma, Colorado, Florida, and Virginia.
The transaction formally closed on Sept. 30. CP&Y will now be known as CP&Y, an STV Company.
“This acquisition provides immediate scale in one of the fastest growing markets for infrastructure, enabling us to more profoundly serve our clients,” said Greg Kelly, P.E., STV president and chief executive officer. “Over the past few months, the STV and CP&Y leadership teams have been working together to build the foundation to ensure we are unlocking the full potential of our increased scale, creating value for our clients and professional development opportunities for our employees.”
“This is an exciting next step in our company’s history,” said Pete Patel, CP&Y’s chief executive officer. “Partnering with STV will allow us to leverage the expertise CP&Y has built over the last 40 years and propel us forward for continued growth.”