We are pleased to announce that Wind Point Partners has acquired VERTEX. Wind Point will support VERTEX’s long-term growth plan by investing in a combination of organic initiatives and strategic acquisitions. VERTEX’s management team, led by its founders, will remain with the business and retain a meaningful ownership stake in the company.
“We are extremely pleased to be partnering with Wind Point. In addition to their long track record of partnerships where they’ve helped accelerate growth, they also bring knowledge of our industry and a group of talented executive advisors who will join our board,” noted Bill McConnell, CEO of VERTEX. “Since VERTEX’s beginning, we have extended our service capabilities and expanded geographically, yet our commitment to being a trusted advisor to clients and a great employer for our people has never wavered. With Wind Point’s support, we will continue building our resources and capabilities to uphold that commitment and attract top talent.”
George Pierson, a Wind Point Executive Advisor Partner, advised Wind Point on the transaction and will join VERTEX as Executive Chairman. Mr. Pierson has over 30 years of experience in the engineering industry, including prior roles as President and CEO of Parsons Brinckerhoff, a global engineering and program management firm, and as President and CEO of The Kleinfelder Group, a leading multidisciplinary engineering firm and current Wind Point portfolio company. This represents the fourth partnership between Wind Point and Mr. Pierson, who will be actively involved in the development and execution of VERTEX’s value creation plan and M&A strategy.