PRIME AE Group Acquired Prosser

PRIME AE Group Acquired Prosser

PRIME AE Group (PRIME AE), a NewHold company, announced the acquisition of Prosser. Headquartered in Jacksonville, FL, Prosser is an integrated planning and engineering firm supporting clients in several diverse markets including the Department of Defense, Transportation, Healthcare, Higher Education, Commercial, Retail, and Residential.

With almost 40 years of experience, the Prosser team brings tremendous depth of knowledge and experience, as well as an established group of public and private clients. Bringing Prosser into PRIME AE enhances the company’s geographic presence and number of business lines in Florida and the Southeast.

“We are thrilled to welcome Prosser to the PRIME AE family”, says PRIME AE President and Chief Executive Officer, Kumar Buvanendaran. “The firms share a similar culture, complementary capabilities and a passion for client and community service. We look forward to continuing to develop as an employer of choice with the addition of Prosser.”

Kurt Bergman, Portfolio Operating Partner and CEO at NewHold AEC added, “This transaction is the next step in the creation of a national multi-discipline AE firm focused on innovative technical solutions, superior quality work, with our clients and employees at the center of all we do. The partnership between these two teams will enable expanded opportunities for all team members.”

Morrissey Goodale initiated the transaction and advised PRIME AE Group.

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Morrissey Goodale
Morrissey Goodale is a management consulting and research firm specializing in the architecture, engineering, and environmental consulting industries; offering executive search, mergers & acquisitions, financial advisory, leadership training, and strategic planning services.

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