International M&A specialist, Benchmark International, has successfully negotiated the sale of Mosher Engineering, Inc.(“Mosher”) to C.T.I. Consultants, Inc. (“CTI”).
Headquartered in Raleigh, North Carolina, Mosher has been operating as a privately-owned provider of geotechnical engineering and construction materials testing services since 2003. The company routinely engages with owners, developers, engineers, and contractors for various types of commercial, industrial, and residential projects. The company’s sole shareholder, Bill Mosher, boasts over 20 years of experience as an engineer, and previously worked as an executive officer and Principal Engineer at Law Engineering, Inc.
With a strong presence across the Mid-Atlantic region of the United States, CTI is a full-service engineering consulting firm with its corporate headquarters in Richmond, Virginia, and branch offices at eight other locations. CTI was founded in 1984 and offers a wide range of services including geotechnical engineering and drilling, construction quality control, structural steel inspection, soils, concrete, and masonry testing and inspection, environmental consulting, quality assurance, roof consulting, core drilling services, and radiographic testing. With a staff of over 175 employees, CTI is able to ensure the smooth continuation of projects and avoid costly delays. The acquisition of Mosher represents an excellent addition to CTI’s growth strategy and further expands on its current North Carolina footprint.
“Benchmark International played an instrumental role in facilitating a successful acquisition,” said Mosher Engineering’s President and Owner, Bill Mosher. “From the beginning, the Benchmark team was diligent in identifying the perfect buyer for my business and brought multiple candidates to the table. Overall, CTI was the ideal fit from an acquirer standpoint and I’d like to extend a big thank you to Benchmark for the hard work and extraordinary effort that made this transaction a reality.“
Trevor Talkie, Senior Associate at Benchmark International, added, “It was a pleasure working with Bill Mosher both through the early stages of our marketing process and right through to the transaction closing. At the end of the day, Bill [Mosher] was able to exit his company on favorable terms and we’re thrilled by this successful outcome.” Director, Tyrus O’Neill, added, “Bill has built a tremendous business and we’re ecstatic to have brought his exit strategy goals to fruition. On behalf of Benchmark International, we wish both parties the best of luck moving forward.”