M&A  June 25, 2019

Boulder’s Congruex buys engineering tech firm

BOULDER — Congruex LLC, a Boulder-based construction and engineering service firm, recently acquired Terra Technologies LLC for an undisclosed sum.

Terra Technologies is a civil engineering and construction management technology company based in McHenry, Illinois.

“We are pleased to announce the acquisition of Terra Technologies, a company that provides distinctive and specialized capabilities to help telecommunications operators mitigate the cost and disruption that can arise from public infrastructure projects,” Congruex CEO Bill Beans said in a prepared statement. “The acquisition of Terra furthers our strategy to become one of America’s largest end-to-end telecom engineering and construction platforms and to build out a robust suite of value-added capabilities.”

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Congruex, which has been on a acquisition spree since 2017, is backed by New York private equity firm Crestview Partners.

“In 2017, funds managed by Crestview Partners, along with the Congruex leadership team, committed $200 million of equity to build out a new platform as part of what is expected to be a total investment of approximately $500 million,” according to a company news release.

Other firms acquired by Congruex over the past three years include CCLD Technologies, CHC Consulting, White Construction and Veterans Underground.

BOULDER — Congruex LLC, a Boulder-based construction and engineering service firm, recently acquired Terra Technologies LLC for an undisclosed sum.

Terra Technologies is a civil engineering and construction management technology company based in McHenry, Illinois.

“We are pleased to announce the acquisition of Terra Technologies, a company that provides distinctive and specialized capabilities to help telecommunications operators mitigate the cost and disruption that can arise from public infrastructure projects,” Congruex CEO Bill Beans said in a prepared statement. “The acquisition of Terra furthers our strategy to become one of America’s largest end-to-end telecom engineering and construction platforms and to build out a…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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