Lincoln International’s Building and Construction Group Represents Peter R. Brown Construction, Inc. in its Sale to The PBSJ Corporation
CHICAGO, DECEMBER 31st, 2008 – Lincoln International’s Building and Construction Group announced the sale of Peter R. Brown Construction, Inc. (“Peter Brown Construction”) to The PBSJ Corporation (“PBSJ”), an employee-owned provider of engineering, environmental science, architecture, planning and construction services based in Tampa, Florida. Lincoln International, a leading mid-market investment bank and the most active mid-market firm in the building and construction space, acted as the exclusive financial advisor to Peter Brown Construction.
Peter Brown Construction, headquartered in Clearwater, Florida, provides comprehensive construction management and design-build services to public and private clients primarily throughout the southeastern U.S. The company was purchased in 2000 by its three current owners and senior managers, Judy A. Mitchell, John R. Stewart, and Eduardo “Tito” Vargas, and they will continue to manage the day-to-day operations of the business as a wholly owned subsidiary of PBSJ.
Lincoln International worked closely with Peter Brown Construction throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing and negotiation phases of the transaction. “Lincoln did an excellent job of managing the entire sale process and offering critical advice and insight throughout. Lincoln’s integrity, industry experience and expert advice resulted in an outstanding outcome for Peter Brown Construction, its customers, employees and shareholders” said Judy Mitchell, President, Peter Brown Construction.
About Peter Brown Construction
Founded in 1963 by Peter R. Brown, Peter Brown Construction (www.peterbrownconst.com) has 150 employees located in Clearwater, Destin, and Tallahassee, FL, and in Warner Robbins, GA. Peter Brown Construction is a leading provider of construction management and design-build services to public and private clients, with a primary focus on public and other institutional projects. The company was recently named as one of the top 50 fastest growing privately held companies for 2008 by the Tampa Bay Business Journal.
About The PBSJ Corporation
The PBSJ Corporation (“PBSJ”) (www.pbsj.com) is an employee-owned family of businesses that addresses infrastructure needs through planning, architectural, engineering and construction management services. PBSJ offers these services through its Post, Buckley, Schuh & Jernigan (“PBS&J”) subsidiary, which provides engineering, architectural and planning services, as well as through its other main subsidiary, PBS&J Construction Services, which provides construction management services.
About Lincoln International
Lincoln International specializes in merger and acquisition services, private capital raising, UK pension advisory services and providing fairness opinions and valuations for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, Los Angeles, Madrid, New York, Paris, Tokyo and Vienna, and strategic partnerships with China Everbright in China and ICICI Securities, Inc. in India, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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