Chartwell is pleased to announce the sale of Binkley & Barfield, Inc. (“BBI” or the “Company”) to DCCM. Chartwell acted as BBI’s exclusive financial advisor throughout the transaction, providing comprehensive, unbiased counsel on the sale of the Company.
BBI’s leadership believes its corporate vision of creating a better future for its clients and communities will be more easily achieved in partnership with DCCM to become a more innovative, diverse, sustainable, customer-focused firm. Further, BBI recognizes the strong alignment between the cultures and values of both firms. The combination will showcase BBI’s local Texas presence while increasing its depth of service, resources, and talents.
BBI engaged Chartwell to lead and execute throughout the transaction process. With expertise in M&A, the architectural and engineering industry, and ESOP structures, Chartwell provided objective counsel and facilitated negotiations on behalf of all the shareholders–each with different goals and objectives–to ensure a successful outcome for all parties.
“Selling a family business is not something that I took lightly. Chartwell’s experienced team of advisors took the time to learn and understand the needs of our leadership team which resulted in a well-executed transaction. The team kept the process focused and organized resulting in a win/win outcome with DCCM. Being an ESOP company adds complexity that requires specialized knowledge, which Chartwell helped us navigate. I highly recommend the Chartwell team.”
— Brett Binkley, CEO, Binkley & Barfield
About Binkley & Barfield
Binkley & Barfield is a multidisciplinary engineering consulting firm with headquarters in Houston, Texas and fully staffed regional offices in College Station, Corpus Christi, Richardson, Round Rock, and San Antonio. Incorporated in 1971, the firm has served their clientele for over 50 years.
Binkley & Barfield provides a comprehensive range of engineering services including utility engineering and coordination, subsurface utility engineering, power, telecommunications, pipeline, construction management, transportation, structural, traffic, infrastructure (including roadway, drainage, water, and wastewater), land development, and GIS. For more information, please visit www.binkleybarfield.com.
DCCM is a provider of design, consulting, and program & construction management professional services focusing on infrastructure marketplaces throughout the public and private sectors. Through a family of complementary brand companies, DCCM serves a variety of end markets while offering a national reach.
DCCM is aggressively hiring key industry professionals in all disciplines and is actively seeking further acquisition opportunities throughout North America. For more information, please visit www.dccm.com.
For additional information on this transaction, please contact Joe Skorczewski. To learn more about Chartwell’s corporate finance and M&A capabilities, please contact Wil Becker.
Chartwell provides comprehensive financial advisory solutions and investment banking services to the middle market. Our architecture and engineering practice has brought Chartwell’s expertise to over 150 companies in these market segments. With substantial corporate finance expertise, the Chartwell team works with clients and their advisors to deliver independent, solutions-based advisory services that are unbiased to outcome, free from conflicts, and focused on optimizing client objectives.