1858 Capital Partners Advises Traffic & Mobility Consultants on their Acquisition by Grovecourt Capital Partners
WINTER PARK, FL – (August 31, 2023)
1858 Capital Partners, a middle-market M&A advisory firm, is pleased to announce the successful acquisition of Traffic & Mobility Consultants (“TMC”), a Florida-based engineering company specializing in transportation planning and traffic engineering, by Grovecourt Capital Partners.
1858 Capital Partners served as the exclusive financial advisor to Traffic & Mobility Consultants on the transaction. 1858 Capital Partners was led by Vice President Adam McKinnon, along with Managing Director Michael Skat, Vice President Tom Harrington, CFA, and Analyst Hali Marshall.
TMC is a premier engineering and consulting firm in the traffic and transportation sector. The company has established itself as a leader in meeting the diverse needs of commercial, residential, and municipal clients across the state of Florida. Established in 2012 and having completed nearly 2,500 projects to date, TMC enjoys an exceptional track record and reputation, setting it apart as an industry leader.
Corrina Greico, founding partner of TMC, said “1858 Capital Partners acted as a true partner, advocate, and cheerleader throughout the process. From the beginning to the end, they worked tirelessly to ensure that the company’s value was maximized and to lay the groundwork for a successful transition. Navigating this unknown journey can be daunting and 1858 went the distance to mitigate the stress and guide us to the finish line.” Mohammed Abdallah, CEO of TMC, added, “This investment marks a pivotal moment for TMC. With Grovecourt’s support, we will enhance the scope and scale of our offerings, expand our market reach, and continue to deliver the outstanding quality to which our clients are accustomed.” Partner Ayman As-Saidi shared, “Our focus on innovative and strategic mobility solutions will continue to result in superior outcomes for our customers and will undoubtedly benefit the communities we serve.”
Adam McKinnon, Vice President at 1858 Capital Partners, said, “It was a privilege to work with Mohammed, Corrina, and Ayman on this transaction. Over the years, they have built an outstanding organization with a corporate culture that is second to none. Throughout the process, they were meticulous in ensuring this culture would continue to thrive. It quickly became clear to the team that Grovecourt was an ideal partner to achieve this end. We look forward to seeing the growth they experience together in the coming years. The team at 1858 Capital Partners is pleased to have been the advisor facilitating this transaction.”
The financial terms of the transaction were not disclosed.
