KingsPoint Capital, LLC, a middle-market investment banking firm, recently facilitated the sale of its client, Rio Engineering, Inc., to George Butler Associates, Inc. (GBA), headquartered in Lenexa, Kansas.
Founded in 2003, Rio specializes in performing critical infrastructure and maritime asset inspections on behalf of its clients. Utilizing a wide range of cutting-edge technologies and deep, industry-certified expertise, Rio is the only civil engineering firm headquartered in the state of Texas offering commercial diving services.
“Rio is excited to partner up with GBA and is looking forward to delivering increased resources and skill sets to our client base,” said Joe and Shanna Starkey, Rio co-owners. “KingsPoint was incredibly helpful through the entire sale of the business. From running the marketing process and introducing us to multiple potential buyers, to negotiating the transactional documents, KingsPoint paid attention to all the details and made sure nothing fell through the cracks. We are very happy with our decision, and couldn’t have done this deal without their expertise.”
Tim Ross, CEO of GBA, added, “By joining forces, our shared capabilities and increased capacity will enable the team to complete major inspection contracts and pursue new opportunities along the southern Gulf and throughout the Midwest. We are delighted to welcome Rio to GBA.”