Willdan Expands Florida Presence with Acquisition of Alpha Inspections
Willdan Group (NASDAQ: WLDN) has announced the acquisition of Alpha Inspections Inc., a Florida-based building and safety firm, through a stock purchase completed on January 31. Alpha, which generated approximately $5 million in revenue in 2024, specializes in building administration, inspection, plan review, and building official services for Florida jurisdictions.
While specific transaction terms were not disclosed, the acquisition represents a strategic expansion of Willdan's presence in Florida. Mike Bieber, Willdan's CEO, emphasized the alignment of professional service standards between the two companies, while Alpha's President Jennifer Murphy highlighted the shared values and enhanced service capabilities that will result from the merger.
Willdan Group (NASDAQ: WLDN) ha annunciato l'acquisizione di Alpha Inspections Inc., un'azienda di edilizia e sicurezza con sede in Florida, attraverso un'acquisizione azionaria completata il 31 gennaio. Alpha, che ha generato circa 5 milioni di dollari di fatturato nel 2024, si specializza nella gestione degli edifici, ispezioni, revisione dei piani e servizi ufficiali per gli edifici nelle giurisdizioni della Florida.
Sebbene i termini specifici della transazione non siano stati resi noti, l'acquisizione rappresenta un'espansione strategica della presenza di Willdan in Florida. Mike Bieber, CEO di Willdan, ha enfatizzato l'allineamento degli standard di servizio professionale tra le due aziende, mentre la presidente di Alpha, Jennifer Murphy, ha evidenziato i valori condivisi e le capacità di servizio migliorate che deriveranno dalla fusione.
Willdan Group (NASDAQ: WLDN) ha anunciado la adquisición de Alpha Inspections Inc., una empresa de construcción y seguridad con sede en Florida, a través de una compra de acciones completada el 31 de enero. Alpha, que generó aproximadamente 5 millones de dólares en ingresos en 2024, se especializa en la administración de edificios, inspección, revisión de planes y servicios oficiales de construcción para las jurisdicciones de Florida.
Aunque no se divulgaron los términos específicos de la transacción, la adquisición representa una expansión estratégica de la presencia de Willdan en Florida. Mike Bieber, CEO de Willdan, destacó la alineación de los estándares de servicio profesional entre ambas empresas, mientras que la presidenta de Alpha, Jennifer Murphy, subrayó los valores compartidos y las capacidades de servicio mejoradas que resultarán de la fusión.
윌단 그룹 (NASDAQ: WLDN)이 플로리다에 본사를 둔 건축 및 안전 회사인 알파 인스펙션즈 인크.를 1월 31일 주식 매입을 통해 인수했다고 발표했습니다. 알파는 2024년에 약 500만 달러의 수익을 올렸으며, 플로리다 관할권을 위한 건축 관리, 검사, 계획 검토 및 건축 공무원 서비스에 전문화되어 있습니다.
구체적인 거래 조건은 공개되지 않았지만, 이번 인수는 윌단의 플로리다 내 입지를 전략적으로 확장하는 것을 의미합니다. 윌단의 CEO인 마이크 비버는 두 회사 간의 전문 서비스 기준의 정렬을 강조했으며, 알파의 사장인 제니퍼 머피는 인수합병의 결과로 공유된 가치와 향상된 서비스 능력을 강조했습니다.
Willdan Group (NASDAQ: WLDN) a annoncé l'acquisition de Alpha Inspections Inc., une société de construction et de sécurité basée en Floride, par le biais d'un achat d'actions conclu le 31 janvier. Alpha, qui a généré environ 5 millions de dollars de revenus en 2024, se spécialise dans l'administration des bâtiments, les inspections, l'examen des plans et les services de fonctionnaires du bâtiment pour les juridictions de Floride.
Bien que les conditions spécifiques de la transaction n'aient pas été divulguées, l'acquisition représente une expansion stratégique de la présence de Willdan en Floride. Mike Bieber, PDG de Willdan, a souligné l'alignement des normes de service professionnel entre les deux entreprises, tandis que la présidente d'Alpha, Jennifer Murphy, a mis en avant les valeurs partagées et les capacités de service améliorées qui résulteront de la fusion.
Willdan Group (NASDAQ: WLDN) hat die Übernahme von Alpha Inspections Inc. bekannt gegeben, einem auf Bau und Sicherheit spezialisierten Unternehmen mit Sitz in Florida, durch einen Aktienkauf, der am 31. Januar abgeschlossen wurde. Alpha, das im Jahr 2024 etwa 5 Millionen Dollar Umsatz generierte, ist auf Gebäudeverwaltung, Inspektionen, Planprüfungen und offizielle Dienstleistungen für Bauwesen in den Jurisdiktionen Floridas spezialisiert.
Obwohl die spezifischen Transaktionsbedingungen nicht bekannt gegeben wurden, stellt die Übernahme eine strategische Erweiterung der Präsenz von Willdan in Florida dar. Mike Bieber, der CEO von Willdan, betonte die Übereinstimmung der professionellen Servicestandards zwischen den beiden Unternehmen, während die Präsidentin von Alpha, Jennifer Murphy, die gemeinsamen Werte und die verbesserten Servicefähigkeiten hervorhob, die aus der Fusion resultieren werden.
- Strategic expansion into Florida market
- Acquisition adds $5 million in annual revenue
- Complementary service offerings in building safety and inspection
- Transaction terms and potential dilution impact not disclosed
Insights
The acquisition of Alpha Inspections marks a strategic move for Willdan Group, expanding its footprint in Florida's robust building safety and inspection market. With Alpha's
Florida's stringent building codes and rapid development create a sustained demand for inspection services. The state's population growth, coupled with increased regulatory oversight following the Surfside condo collapse, has amplified the need for qualified inspection services. This acquisition positions Willdan to capitalize on these market dynamics.
The deal structure, while undisclosed, likely represents a typical services company multiple of 1-1.5x revenue, suggesting a relatively modest investment for Willdan. The strategic benefits include:
- Immediate market presence expansion in Florida's high-growth regions
- Access to Alpha's established client relationships and regulatory expertise
- Potential for cross-selling Willdan's broader service portfolio to Alpha's existing clients
- Enhanced competitive position against larger engineering and inspection firms
The retention of Alpha's leadership team, including President Jennifer Murphy, suggests a well-planned integration strategy that should minimize operational disruption and maintain client relationships. The cultural alignment emphasized in the announcement typically correlates with successful post-merger integration and employee retention.
“We’re excited to expand our presence throughout the state of
“Joining Willdan marks an exciting new chapter for Alpha, allowing us to enhance our services and broaden the impact we have on clients and communities,” said Jennifer Murphy, Alpha’s President. “What makes this transition truly special is that we’ve found a partner who shares our core values of prioritizing people, delivering exceptional solutions, and always putting our clients and their customers at the center of everything we do. We’re grateful for this opportunity and look forward to growing together.”
About Alpha Inspections
Founded in 2002, Alpha Inspections is a trusted leader in providing comprehensive building department solutions to municipalities across
About Willdan
Willdan is a nationwide provider of professional technical and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at www.willdan.com.
Forward-Looking Statements
Statements in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that Willdan’s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed from time to time in Willdan’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 29, 2023. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250204600784/en/
Al Kaschalk
Vice President
310-922-5643
akaschalk@willdan.com
Source: Willdan Group, Inc.
FAQ
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