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News/October 30, 2020

FMI Advises Carolina Environmental Contracting, Inc. in Merger with RES

FMI Capital Advisors is pleased to announce the merger of Carolina Environmental Contracting, Inc. (CEC), a construction firm specializing in stormwater solutions, with RES, the nation’s largest environmental services operating company providing ecological restoration and water resource solutions to the public and private sector. FMI Capital Advisors served as the exclusive financial advisor to CEC for this transaction, which closed on September 30, 2020.

The CEC headquarters office in Mt Airy, NC, will continue its current operations, working closely with RES teams based in Raleigh and other locations across the state and the Southeast Region.

“Being part of RES is exciting for our team, our customers, and our projects,” says Joanne Cheatham, CEC President. “CEC has found a great partner in RES that will provide new growth opportunities for my employees, as well as a chance to share our knowledge and experience with the RES team.”

About CEC
Since 1991, CEC has provided proven stormwater, stream restoration, erosion control, and construction capabilities. For more information, visit carolinaenvironmentalcontracting.com.

About RES
RES delivers turnkey, land-based projects that build natural resilience into ecosystems, enabling them to thrive in step with economic growth. For more information, visit res.us.

About FMI Capital Advisors
FMI Capital Advisors, a subsidiary of FMI Corporation, is a leading investment banking firm dedicated to the Built Environment. With more than 750 completed M&A transactions, our industry focus enables us to maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships.

FMI Capital Advisors’ Architecture, Engineering & Environmental Services specializes in M&A and capital formation services for emerging growth and midmarket companies in A/E and environmental sectors.

For more information, visit www.fminet.com/investment-banking.

FMI Capital Advisors Contact
Greg Powell, Managing Director
gpowell@fminet.com
919.785.9217

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