Heritage Capital Group Announces the Successful Sale of FDH, Inc.
FEBRUARY 2015 - Heritage Capital Group is pleased to announce the successful sale of FDH, Inc. to Velocitel, Inc. The Heritage Capital Group team of Don Wiggins, Howard Serkin, and Doug Kravet initiated the transaction and negotiated the sale of the company.
FDH, Inc. is a nationally known consulting engineering company that provides engineering and construction management services. FDH serves clients that operate in the wireless telecommunications market, state and federal transportation agencies, and both public and private construction sectors.
The company is a pioneer and recognized innovator in the field of nondestructive testing ("NDT") and evaluation of structural foundations. As a result of their focus on innovation, FDH has received three U.S. patents and developed many proprietary testing and analysis technologies.
Velocitel, Inc. is a wireless network services company that provides professional services to acquire, design, engineer, implement, upgrade, and maintain wireless sites. The newly combined company will be known as FDH Velocitel and becomes one of the largest wireless engineering services companies in the industry.
John Fisher, Co-founder of FDH, Inc. commented, "We appreciate Heritage Capital Group's insightful and professional guidance throughout this journey. Don, Howard, and Doug provided senior level attention every step of the way. They succeeded in communicating FDH's solid history and growth potential which resulted in an outcome that exceeded our expectations. Their broad knowledge across all aspects of the business, and their understanding of the complexities inherent with a transaction of this size was a crucial element in negotiating a successful result for both companies."
Don Wiggins, President of Heritage Capital Group added, "We were pleased and honored to have represented FDH and its owners in this transaction. FDH is an excellent company with an exceptional management team, innovative processes, and an extensive international client base. Its combination with Velocitel will result in tremendous synergies and creates a formidable competitor in the industry."
Heritage Capital Group, an investment banking firm headquartered in Jacksonville, Florida provided merger and acquisition advisory services to FDH, Inc. which included valuation advisory, transaction structuring, marketing of the assets, and negotiation of the purchase and sale agreement. Heritage Capital Group is a founding member of M&A International Inc., the world's leading M&A organization.