Geotechnology Inc. Acquires Memphis Engineering Firm
Geotechnology Inc.— a leading provider of geotechnical and environmental engineering, materials testing, geophysics and drilling services — has announced that it has purchased substantially all of the assets of Hall, Blake & Associates (HBA), a geotechnical engineering, construction materials testing and drilling firm based in Memphis, Tenn. Financial terms were not disclosed.
With this growth, Geotechnology has an opportunity to expand services in the Memphis area through the three service lines both companies already share, as well as the environmental, geophysical and non-destructive testing capabilities Geotechnology can add.
Despite the troubled economy, Geotechnology is able to make this move now because it remains financially healthy. The firm’s 26-year history of fiscal responsibility will provide stability to HBA moving forward.
“I’m excited to welcome the Hall, Blake & Associates team to the Geotechnology Inc. family,” said Geotechnology Inc. president and CEO Ed Alizadeh, P.E., ESQ. “It’s an ideal fit as Geotechnology offers many new resources and benefits to HBA, and, in turn, the HBA team brings incredible technical expertise, a great reputation and immense growth opportunity to the company.”
Geotechnology operates from offices in Missouri, Illinois and Kansas, which will allow the firm to better support HBA physically and administratively. HBA has an excellent reputation in the Western Tennessee, Northeastern Arkansas and Northern Mississippi regions and brings a strong backlog of work to the new firm, including a substantial number of Tennessee Department of Transportation geotechnical and materials testing projects.
“Becoming a part of Geotechnology is clearly a great move for HBA and our customers,” said Pat Donovan, P.E., HBA branch manager. “In addition to the firm’s strong technical resources and business sense, Geotechnology’s commitment to make substantial investments in equipment upgrades and new services will certainly benefit our loyal customers.
HBA is compromised of 30 employees, 27 of whom will be retained including HBA Principals Pat Donovan, Ashraf Elsayed and Joe Hall. HBA will first operate as “Hall Blake & Associates, a Division of Geotechnology Inc.” and then fully transition into Geotechnology Inc. within 12 to 18 months.