Yarmouth infrastructure firm Treadwell Franklin acquires Florida inspection company
Courtesy / Treadwell Franklin Infrastructure Capital LLC
Treadwell Franklin Infrastructure Capital LLC in Yarmouth acquired Florida-based Infrastructure Preservation Corp., some of whose staff are shown here working on a bridge.
A Yarmouth-based firm that invests in transportation systems and other public infrastructure, Treadwell Franklin, said this week it has purchased a Florida company that provides testing and technology for the sector.
Treadwell Franklin acquired Infrastructure Preservation Corp., headquartered in Largo, Fla., for an undisclosed price.
The acquisition adds to Treadwell Franklin’s portfolio of infrastructure services and technology offerings.
Infrastructure Preservation develops and operates robotic systems, including scanning and imaging technologies, for nondestructive inspection of bridges, roadways, light masts, towers and other infrastructure hardscape.
As part of the deal, Treadwell Franklin acquired Infrastructure Preservation's technologies, secured agreements with key personnel, and obtained marketing agreements for distribution of the tech services, the release said.
Christopher Clement Sr. was appointed president and CEO of IPC TFIC LLC, the acquiring subsidiary.
Clement has held executive positions including director of global product management for Heidelberg/GOSS. He also served as New Hampshire’s commissioner of transportation and executive director of the New Hampshire Governor’s Office of Economic Stimulus. Most recently he was COO and vice president of administration for the University of New Hampshire System.
Clement serves on Treadwell Franklin’s advisory board and will report to the board through its chairman, George Campbell Jr.
Founded in 2015, Treadwell Infrastructure Capital LLC is privately owned and has headquarters in Portland and New York City. In 2018, Treadwell Franklin acquired James W. Sewall Co., an engineering consultant in Bangor.
Treadwell Franklin said it has plans to acquire additional service and technology companies in support of its development projects and to fill out its suite of businesses.
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