Nova Engineering and Environmental

• Industry Business Services, Industrial
• Type M&A Sell-Side

About
Headquartered in Kennesaw, Georgia, NOVA is a leading provider of engineering, consulting, testing, and inspection services to the design and construction industry. The Company is a trusted partner to both private companies and public entities, providing cost-effective and practical solutions throughout the lifecycle of projects to many national, blue chip clients. Proven by its long list of signature projects, high rate of repeat clients and significant organic growth, the Company is a recognized leader in its markets.

Situation
Croft & Bender was engaged to help the Company evaluate strategic alternatives, including a majority recapitalization or strategic sale. Croft & Bender worked with the Company to build a financial model, develop marketing materials, conduct management presentations, manage the diligence process and negotiate with buyers.

Result
Croft & Bender successfully negotiated the sale of the Company to Watkins Associated Industries.