One of the big local names in construction and land engineering is on a buying spree.
Timmons Group, headquartered at 1001 Boulders Parkway, acquired two out-of-town firms in the past month: one in Hampton Roads and one in Raleigh, N.C.
The first deal came in May with the purchase of Baldwin & Gregg, a Hampton Roads surveying firm. This month Timmons added Development Consulting Services, a Raleigh-based private land development company.
Terms of the transactions were not disclosed.
Brian Bortell
Timmons already had an office in each city with limited capabilities. Timmons President Brian Bortell said the additions allow the firm to provide a broader range of services to its clients outside of Richmond.
“We’re trying to grow,” Bortell said. “Our long-term goal is to replicate what we have in Richmond in the other offices.”
Founded in 1953, Timmons Group has 12 offices in Virginia and North Carolina, including three in Richmond. The company employs close to 300 people, and most of them work in Richmond. It generated revenue of about $40 million last year, Bortell said.
Timmons offers civil engineering, environmental, geotechnical, GIS, landscape architecture and surveying services, among other services, according to its website.
It’s had a hand in a range of local projects over the years, including Innsbrook Corporate Center, West Broad Village, West Creek Business Park and the Owens & Minor headquarters.
Its two new additions each bring over fewer than 10 employees who have moved to Timmons Group’s already established offices in their respective cities, Bortell said. The leaders of each firm will continue to have leadership roles with Timmons Group.
Timmons Group last acquired a company two years ago in Hampton Roads, Bortell said. Typically, it looks to grow by occasionally adding an employee, not an entire firm.
But Bortell said the growth will continue.
“We’re still looking to grow, both organically and – if we see the right fit – through acquisition,” he said.
One of the big local names in construction and land engineering is on a buying spree.
Timmons Group, headquartered at 1001 Boulders Parkway, acquired two out-of-town firms in the past month: one in Hampton Roads and one in Raleigh, N.C.
The first deal came in May with the purchase of Baldwin & Gregg, a Hampton Roads surveying firm. This month Timmons added Development Consulting Services, a Raleigh-based private land development company.
Terms of the transactions were not disclosed.
Brian Bortell
Timmons already had an office in each city with limited capabilities. Timmons President Brian Bortell said the additions allow the firm to provide a broader range of services to its clients outside of Richmond.
“We’re trying to grow,” Bortell said. “Our long-term goal is to replicate what we have in Richmond in the other offices.”
Founded in 1953, Timmons Group has 12 offices in Virginia and North Carolina, including three in Richmond. The company employs close to 300 people, and most of them work in Richmond. It generated revenue of about $40 million last year, Bortell said.
Timmons offers civil engineering, environmental, geotechnical, GIS, landscape architecture and surveying services, among other services, according to its website.
It’s had a hand in a range of local projects over the years, including Innsbrook Corporate Center, West Broad Village, West Creek Business Park and the Owens & Minor headquarters.
Its two new additions each bring over fewer than 10 employees who have moved to Timmons Group’s already established offices in their respective cities, Bortell said. The leaders of each firm will continue to have leadership roles with Timmons Group.
Timmons Group last acquired a company two years ago in Hampton Roads, Bortell said. Typically, it looks to grow by occasionally adding an employee, not an entire firm.
But Bortell said the growth will continue.
“We’re still looking to grow, both organically and – if we see the right fit – through acquisition,” he said.