SEPTEMBER 20TH, 2021, HOLDEN, MA – Alden Research Laboratory, Inc. (“Alden”), the oldest continuously operating hydraulic laboratory in North America has joined National Environmental Consulting Services (NECS), Round Table Capital’s (RTC’s) sponsored national platform of companies focused in the industrial, real estate, energy, technology, water resources, transportation, and government sectors with professional staff and complementary capabilities across the US.
Alden offers a combined 127 year history of high-end Computational Fluid Dynamics (CFD) and fluid flow modeling, best in class physical modeling, field measurements and precision flow meter calibrations with extensive national and international experience in the modeling and permitting of hydroelectric dams, nuclear facilities and coastal and riverine modeling and environmental compliance projects found throughout the United States.
Gerry Salontai, CEO of the platform, explained, “It is immediately clear how the addition of Alden to the NECS platform will bring added value and success to the clients we serve across the US. I share the excitement of all platform employees in welcoming Alden’s uniquely capable leadership and technical professionals to the team.”
As Stuart Cain, Ph.D., President of Alden explains, “We believe this strategic next step in joining the platform enhances our technical and geographical breadth and provides career growth opportunities for our team members. I look forward to adding our expertise to the platform and building deeper relationships with our current and future clients.”
This is RTC’s third buy and build strategy in the Architecture, Engineering, and Construction industry. Christopher Lee, Managing Partner and member of the founding team at RTC said, “We are very pleased to welcome the entire Alden team to the platform. The strategic addition of such a strong organization is a win for all stakeholders; it provides additional opportunities for employees, enhances the service offering to clients, and creates value for shareholders.”
Harbor View Advisors served as the exclusive financial advisor to Alden Research Laboratory.
Learn more about this transaction and view the full press release.
About Harbor View Advisors
Harbor View Advisors provides M&A advisory, turnkey corporate development and strategic consulting to software and technology-enabled business services companies. Our unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their goals.
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