STV Group Acquires CP&Y
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 September 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 represents a significant opportunity for both companies to expand into new markets and provide additional support to our clients,” said J.J. Roohms, P.E., CP&Y president. “This alignment will enable the legacy of CP&Y to endure as we embark upon our next chapter through this partnership. We are proud to be joining forces with STV.”
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