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.”

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.

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