Houlihan Lokey Advises STV Group

Houlihan Lokey is pleased to announce that STV Group, Inc., a portfolio company of The Pritzker Organization, LLC (TPO), has acquired CP&Y, Inc. The transaction closed on September 30, 2021.

Founded more than 100 years ago, STV is a leader in providing engineering, architectural, planning, environmental, and program management and construction management services for transportation systems, infrastructure, buildings, energy, and other facilities. The firm is ranked 32^nd in Engineering News-Record's Top 500 Design Firms survey. The firm has 40 offices throughout the United States and in Canada.

CP&Y is an employee-owned engineering, architectural, and field services consulting firm with a staff of over 375 professionals in Texas, Oklahoma, Colorado, Florida, and Virginia. Since opening its first office in Arlington, TX, in 1980, CP&Y has grown to become an award-winning, full-service firm that focuses on the water and wastewater, transportation and transit, roadways and bridges, and aviation market sectors. The firm is consistently ranked among the Top 500 Design Firms in the country by Engineering News-Record.

TPO is the merchant bank for the business interests of the Tom Pritzker family. TPO is focused on partnering with exceptional leaders to create value across a wide range of industries. TPO looks for opportunities where it can create value for the Pritzker family's interests, partners, and colleagues over a significant time horizon. For more than 60 years, TPO has overseen and guided the development of dozens of portfolio companies across a wide variety of industries, including manufacturing, logistics, life sciences, hospitality, health care and services. In addition to its core strategy of building businesses over the long term, TPO is also active in special situations, advising the family's interests in the deployment of capital across a wide spectrum of industries and across every tier of the balance sheet, from senior debt to equity.

Houlihan Lokey served as the sole financial advisor to STV. This transaction exemplifies the continued success of Houlihan Lokey's dedicated focus on the engineering, design, and consulting services sector and represents another transaction in a long track record of advising and delivering outstanding results for shareholders of engineering platforms.