South Portland engineering firm acquires smaller Falmouth peer
Photo / Tim Greenway
Mark Adams, president and CEO of Sebago Technics Inc., near the Maine Medical Center construction site in Portland.
South Portland-based engineering firm Sebago Technics Inc. on Friday announced the acquisition of Falmouth-based Titcomb Associates. That will add 11 employees in Falmouth and Bath to Sebago’s workforce, bringing its total to more than 90.
Terms of the deal were not disclosed. It comes less than three months after Sebago Technics acquired Sawyer Engineering and Surveying, a small firm based in Bridgton, to gain a foothold in the fast-growing Lakes Region.
Titcomb, whose roots go back to 1969, provides topographic and other surveying services to private and public-sector clients throughout Maine and northern New England.
David Titcomb, who has owned and operated the firm since 1985, will continue with the business after the acquisition, serving clients for the next few years.
“Sebago Technics and its employee-owners are excited to have David Titcomb and his experienced staff join the Sebago team," Sebago President and CEO Mark Adams said in a news release, citing Titcomb's history, reputation and loyal client base as pluses.
Following Sebago's two most recent acquisitions, he said his company now has the largest surveying-geomatics staff in Maine and possibly northern New England.
"The capabilities of our team of survey-geomatics professionals and technologies provide unmatched services to clients," he added. "The acquisition and personnel will also support our continued growth and future opportunities.”
After the tie-up, the enlarged Sebago Technics will employ more than 30 geomatics professionals able offer all types of surveying, from traditional to high-definition laser scanning.
Adams said the companies started conversations a year or so ago, with formal discussions starting in late 2020.
Sebago Technics is an employee-owned civil engineering, survey, transportation, landscape architecture, and environmental services consulting firm, with 2020 revenue of around $11.5 million.
Recent notable projects include the expansion of Maine Medical Center in Portland and Scarborough, and the new Morse High School in Bath, a $75 million project for a new high school and vocational center to replace a 100-year-old facility.
Asked about the company's acquisition plans in a recent "On the Record" interview with Mainebiz, Adams said, "We continue to look at other opportunities to enhance our services, add to our talented professionals or expand our market."
Most Recent
Most Recent
0 Comments