The Vertex Companies, LLC (Vertex), a leading multidisciplinary AEC company providing forensics, engineering, construction project advisory, and environmental consulting, has completed the acquisition of Breakwater Forensics, LLC (Breakwater), a reputable expert witness and business consulting firm. This strategic partnership marks a significant milestone for Vertex as it expands its technical expertise and extends its forensic consulting capabilities.
Vertex’s CEO, Bill McConnell, expressed enthusiasm for the partnership and congratulated Breakwater’s owners on building an exceptional business. He stated that the collaboration between the two firms is an exciting journey that aims to enhance outcomes for clients, colleagues, and communities.
Breakwater Forensics is renowned for its expert services in damages, scheduling, and government contracts. Their team comprises seasoned professionals, including Professional Engineers, Certified Public Accountants, Certified Fraud Examiners, and experts skilled in analyzing complex issues and providing valuable insights on challenging assignments.
Nathan Brown, Managing Director at Wind Point Partners, Vertex’s private equity investor, highlighted that strengthening their forensics capabilities and expanding their expert bench are integral components of Vertex’s value creation plan. The combination with Breakwater holds great potential for both Vertex and Breakwater, as well as their collective customers and employees.
Diana Minchella, Managing Director of Vertex’s Claims, Disputes, and Forensics Department, along with Jeff Katz, Executive Vice President of the Contract Claims group, expressed excitement in welcoming the Breakwater team to Vertex. They emphasized the seamless collaboration between the teams, recognizing Breakwater’s excellent caliber of people and work product.
The alignment between Vertex’s multi-disciplined professional services, North American office presence, and commitment to quality, value, and growth opportunities make it a perfect fit for Breakwater. The acquisition provides Breakwater and its clients with direct access to Vertex’s extensive resources and specialized services.
Co-Founders Joseph Egan and Neil Miltonberger conveyed their satisfaction with the partnership, ensuring that Vertex allows them to maintain the technical excellence their clients rely on while broadening the scope of their services. Co-Founders Sashi Mahtani and Dayna Anderson echoed the sentiment, expressing their excitement in joining the Vertex family, recognizing the added value it brings to their clients and employees.
Vertex remains committed to seeking acquisitions that bring exceptional talent, employee-focused cultures, and a strong dedication to clients. Jeff Picard, Chief Strategy Officer of Vertex, reiterated the company’s dedication to adding value for clients and creating opportunities for employees. He expressed gratitude for their partnership with Wind Point, which shares their vision and growth strategy as they strive to become an industry leader.
In conclusion, the acquisition of Breakwater Forensics strengthens Vertex’s position in the forensic consulting sector and demonstrates its commitment to growth and providing unparalleled services to its clients. With a strong foundation and a shared vision, Vertex continues to pave the way for success in the AEC industry.