Case Study
Project: Terminal MBE
Professional engineering and project manager servicing airports and transportation agencies
COMPANY AND SITUATION OVERVIEW
Terminal MBE is a leading provider of professional engineering, project and construction management, facility management and IT consulting services to airports and transportation agencies, as well as other infrastructure, government, and private sector clients. The company has a nationwide footprint that is supported by 14 regional offices and ~200 employees. A family-owned company, Terminal MBE agreed to sell a majority equity stake to a sponsor due to personal events unrelated to the business. The sponsor believes that the total consideration, coupled with the likely event of Terminal MBE being awarded additional contracts, makes it an attractive purchase.
WHY METROPOLITAN?
Metropolitan was able to close the transaction quickly before new contracts to Terminal MBE were awarded, potentially increasing the purchase price. Additionally, Metropolitan’s funding structure ensured that the sponsor could maintain the MBE status of the company, which is highly coveted given its access to government contracts and other economic advantages.
CEO TESTIMONIAL
“Metropolitan was incredible to deal with. Super easy. Metropolitan was so creative in figuring out the issues and never re-traded.”