Pompano Beach, FL (PRWEB) February 18, 2009
SMA Advisors and its managing director Brenen Hofstadter is pleased to announce that Miller Consulting, Inc., Pompano Beach, FL (Miller Consulting) has been acquired by TranSystems Corporation, Kansas City, MO (TranSystems). The transaction closed on Sept. 3, 2005.
Miller Consulting is a successful highway design-engineering firm that was founded by its President Mr. N. Craig Miller, P.E. Its primary services include project development and environmental studies (PD&E), traffic and transportation planning and design engineering. According to Mr. Miller "I aligned my firm with TranSystems to take advantage of our growth opportunities. Immediately after closing, we were short-listed for a large project that neither of our firms would have made individually. The impact of this merger has been immediate." Mr. Miller and his employee team are remaining with the business.
TranSystems Corporation is a prominent professional services firm that focuses on transportation infrastructure and facilities. It serves both public- and private-sector transportation clients. TranSystems has grown through internal expansion and by acquiring more than 25 companies. TranSystem's President, CEO and Chairman Mr. Brian Larson stated during the process that "Miller provides us with a presence in the lucrative and growing South Florida market. This is a very good fit."
SMA Advisors was the exclusive representative of the Seller. It initiated this transaction, led the negotiations on behalf of the Seller, and managed the due diligence and closing process that led to the closing. It is a merger and acquisition firm selling privately held businesses between $3 and $100 Million, nationwide. According to Mr. Danny Qubain, the President, "We were pleased to represent Mr. Miller through this process. Our approach generated seven visits and five written offers from qualified buyers. TranSystems was the best choice based on their business plan and track record." Mr. Brenen Hofstadter added "We are happy to have found the right buyer for our client. This is a powerful business combination". The terms of the transaction were not disclosed.