Houlihan Lokey Advises STV Group

Houlihan Lokey is pleased to announce the recapitalization of STV Group Inc. (STV) by the Tom Pritzker Family Business Interests (PFBI), advised by The Pritzker Organization, LLC (TPO). The transaction closed on December 13, 2019.

Founded more than 100 years ago, STV is a leader in providing architectural, engineering, planning, environmental, and construction management services for transportation systems, infrastructure, buildings, energy, and other facilities. The company has worked on some of the nation's most iconic projects, from structural design services on the Thomas Jefferson Memorial in the 1940s to construction management services on the redevelopment of One World Trade Center. STV is ranked No. 32 in Engineering News-Record's (ENR) Top 500 Design Firms survey and has offices throughout the U.S. and in Canada. Established in 1912 and headquartered in New York, New York, and Douglassville, Pennsylvania, the company employs approximately 2,300 people across 47 offices.

TPO is the merchant bank for the business interests of the Tom Pritzker family. The firm 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 PFBI and its partners and stakeholders over a long-term time horizon. TPO's unique history over the last 60 years has led to work on approximately 200 transactions representing about $30 billion of equity value.

Houlihan Lokey served as the sole financial advisor to STV and assisted in marketing, structuring, and negotiating the transaction. 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. STV's employee shareholders also benefited from the team's partnership with Houlihan Lokey's dedicated ESOP (employee stock ownership plan) team throughout the transaction.

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