George Butler Associates, Inc. (GBA) recently announced the acquisition of Texas-based firm Jay Engineering Company, Inc., now renamed as Jaeco, a division of GBA.
As a result of strategic planning efforts, GBA set out to acquire a firm in the water/wastewater or transportation markets. Texas was identified as a strong market with growing need for infrastructure.
“Jay’s municipal and development engineering expertise and long-standing presence in the Austin area will allow us to further strengthen our service offerings and resources in Texas,” said Tim Ross, GBA president/CEO.
Jay Engineering has served clients since 1980. Earlier this year, founder Fred Jay marked forty years in business and made the decision to retire.
“I am so glad this day has come. We have worked long and hard to develop a reputation of serving our clients with integrity and excellence in our field. With my retirement, it is good to know both employees and clients will be well served under this new arrangement. Putting the additional resources of GBA into play will allow serving needs that we could not before. The future is bright,” said Jay.
Since 2016, GBA has grown from 210 to 300 people. According to Heidi Thummel, director of business development and the firm’s M&A project manager,
"We couldn’t be more excited to welcome new teammates in Texas! GBA is adding a group of outstanding technical professionals who will expand our capabilities, and Jay Engineering is gaining the support of a firm that can help provide opportunities for growth and development,” Thummel said.
GBA/Jay closed the deal virtually due to the COVID-19 pandemic on August 31, 2020. Terms of the acquisition will not be released.
