Ardurra Group Inc., a portfolio company of private equity firm RTC Partners LP, has acquired and merged with Pevida Highway Designers LLC, a transportation civil engineering firm.
Ardurra Group provides consulting and engineering services to public and private entities across the U.S. Going forward, PHD will operate as Pevida Highway Designers, an Ardurra Group Company, and will continue to serve as a platform for transportation engineering services across the Southeastern U.S.
“Acquisitive growth works best when the firms offer services that are strategically complementary, operate with cultures that fit seamlessly, and share the same vision for growth,” commented Christopher Lee, co-founder and managing partner at RTC Partners. “The talented and dedicated team at PHD checks all of these boxes, and more. We are excited to welcome them to the Ardurra family and look forward to what we can achieve together.”
“PHD has experienced unprecedented growth since its inception in 2016, attracting some of the best engineering talent in Florida,” stated Walfry Pevida, PHD’s founder. “Joining the Ardurra family enables us to continue growing, accelerating the momentum gained with the goal of building the premiere US transportation firm, including a national alternative project delivery practice. With Ardurra, we can expand and work on major signature transportation projects nationally, as well as continue to cultivate a strong culture that thrives on technical excellence and putting our people first.”
Greenberg Traurig LLP, acted as legal counsel and CohnReznic LLP, acted as financial and tax advisor on behalf of Ardurra. AEC Advisors initiated the transaction and advised PHD.