Wednesday, July 06, 2016
Olsson Associates and Tri-State Engineering (TSE) have completed negotiations and signed a definitive purchase agreement for Olsson to acquire TSE.The transaction is expected to close on July 18, 2016.
Terms of the acquisition will not be released.
"Our firms have worked together on Community Development Block Grant Disaster Recovery in Joplin and on other projects in the region,” said Ron Mersch, the office leader for Olsson’s Springfield and Joplin locations. “TSE has a great reputation in the four-state area and helps us expand our firm’s presence."
TSE will become “Tri-State Engineering, a division of Olsson Associates” from July 18 through the end of 2016. They will take on the Olsson Associates name in 2017.
“We have had a great partnership with Olsson on a number of projects,” said Clayton Cristy, CEO with TSE. “Joining the firm takes our relationship further and provides growth opportunities for all of us.”
TSE’s staff will remain unchanged. They will continue to serve their clients as they had before the acquisition.
“All of our employees will remain with the firm,” Cristy said. “Our clients can expect us to continue providing great service, but we’ll have additional resources and experts to pull from for their more specialized projects. We also see this as a great way for our employees to get involved in bigger projects and have more development opportunities.”
About Tri-State Engineering (TSE)
TSE is a 20-person engineering firm. Founded in 1979, TSE offers engineering services in roadway/bridges; water supply, treatment, storage and distribution; sewage collection and treatment; stormwater collection and treatment; site design; solid waste disposal; recreational facilities; cemeteries; airports; and dams and reservoirs. TSE performs projects in the Missouri, Kansas, Oklahoma and Arkansas areas.
TSE is located at 702 S. Main Street in Joplin, Missouri, and 403 W. First Street in Claremore, Oklahoma.
About Olsson Associates
Olsson Associates offers comprehensive design and consulting services in site/civil, transportation, water, environmental, field operations, survey and facilities. The firm was ranked No. 116 on Engineering News-Record’s top 500 design firms national list in 2016.
Established in 1956, Olsson has nearly 30 offices in the Midwest and Southwest U.S. The employee-owned firm has more than 1,000 employees firmwide.