Florac

Company

PRIME AE provides a full range of services in the architecture and engineering, construction management and inspection, transportation, and water resources sectors. The firm’s philosophy of Connecting, Creating, Conserving, and Community forms the foundation for delivering high-quality, on-time, cost-effective solutions. The company primarily serves government clients at the local, state, and federal levels.

Investment

In December 2019, NewHold Enterprises, a long-term investment holding company and direct investment platform, and its equity partners (including Florac) made an investment in PRIME AE. NewHold and its fellow investors have provided capital and industry expertise to the company, and have leveraged their relationships to strategically enhance PRIME AE’s reach on a national scale.

Key Achievements

A leader in the industry, PRIME AE is ranked in the Engineering News Record’s list of Top 500 Design Firms in the United States. Going forward, the company will build on its rapidly expanding brand that today reaches clients throughout the Midwest, Northeast, Mid-Atlantic, and Southeast regions. PRIME AE will pursue ongoing organic and acquisitive growth across its respective business lines and regions.

Investment Date

December 2019

Sector

Business Services

Status

In portfolio

Investment Type

Minority Investment

Headquarters

Baltimore, MD, USA