We are pleased to share the sale of our client, Carter Associates, Inc., to LJA Engineering, Inc. The acquisition closed April 27, 2023.
Carter Associates, Inc. (CAI), located in Vero Beach, Florida, is a diversified, full-service civil engineering and land surveying firm.
CAI is an icon in the Indian River County and Treasure Coast areas, with its rich history of regional development dating back to 1911, when founder Robert D. Carter designed a canal drainage program near what is now Vero Beach, which changed 55,000 acres of marsh into useful salable land.
This still-functioning canal system, now managed by Indian River Farms Water Control District, continues to drain much of Indian River County and the City of Vero Beach.
To this day, CAI continues to provide District Engineering services for Indian River Farms Water Control District as well as all the other six (6) Water Control Districts in the County. CAI works closely with County and many other agencies, districts, and surrounding counties on water and utility systems, agricultural systems, and land development.
Located in Houston, Texas, LJA Engineering, Inc. (LJA) is an employee-owned, full-service, comprehensive multi-disciplinary consulting firm. With offices across the nation, they offer one-source, one-stop reliability for all of their clients, when and where they are needed.
LJA is organized around eight comprehensive sectors and can seamlessly build successful project teams with civil, structural, and electrical engineers, plus hydrologists, planners, landscape architects, construction managers, GIS designers, and surveyors.
Its resources are leveraged across the firm to deliver expertise-driven teams, increase responsiveness to client-specific needs, and individualized project solutions.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Alan Steinberg, a Generational Group Authorized Affiliate, with the support of Vice President, M&A, Emil Nirkis, successfully closed the transaction. Senior Managing Director Doug Morrow established the initial relationship with CAI.
“Carter Associates were intent on finding a buyer that would continue the legacy established for over one hundred years. They found the perfect partner in LJA Engineering,” said Steinberg.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Engineering, Contracting & Construction M&A Deals page.
it all started with a conference.
start your story today,
or speak directly with one of our senior advisors +1-972-232-1121
These previews only scratch the surface of the high-level business knowledge that can be gained from our seasoned M&A professionals.Watch our videos
You have now successfully requested our latest Generational Legacy M&A news download.Download now
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
Generational Equity, LLC’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables Generational Equity to serve you more efficiently and makes it more convenient for you to do business with Generational Group. Generational Equity is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.
Honored to win 4-time winner of Investment Banking Firm of the Year.
Over 50 awards and counting.
Sign up to receive regular email updates, industry-leading insights and details on complimentary M&A executive conferences in your area from our award-winning team
Success, you have been added to our list.