IMEG Corp. has expanded deeper into the Southeast with its acquisition of McVeigh & Mangum Engineering, Inc., a mechanical, electrical, plumbing, fire protection, and structural design services firm with offices in Georgia, North Carolina, and Florida.
The deal, which was announced on Wednesday, May 11, helps position the Quad Cities-based IMEG for future growth in the Southeast and beyond. IMEG finalized the deal on Sunday, May 1, announcing it to its staff the next day. Details of the transaction were not disclosed.
McVeigh & Mangum Engineering will continue to operate out of its existing offices in Raleigh, and Charlotte, North Carolina; Jacksonville, Florida; and Atlanta, Georgia. Its 100-person team, which is spread out over the four locations, is being retained and now will do business as McVeigh & Mangum Engineering, now IMEG.
Founded in 1991, McVeigh & Mangum Engineering is celebrating more than 30 years of delivering accurate, cost-effective, and creative design solutions on a wide variety of projects. It works primarily with the housing, mixed use, life sciences, and healthcare markets.
“We are very excited to welcome McVeigh & Mangum Engineering into our company,” IMEG President/CEO Paul VanDuyne said in a news release. “This merger combines multiple years of engineering expertise, leveraging the portfolios and talent from both firms to create a strong synergy for future growth.”
IMEG, located in west Rock Island, is a leading U.S.-based engineering firm with more than 60 offices and 1,800 team members. The company is 100% employee owned.
“Since our inception, McVeigh & Mangum Engineering has advanced toward the goal of being the most trusted and financially strong national engineering services firm,”McVeigh & Mangum Engineering CEO Scott Campagna said in the release. “Our reputation was built by our talented engineers delivering innovative solutions.”
Mr. Campagna added that the firm’s history “blends well with IMEG’s, and our client-centric approach is well aligned.”
As a result of the merger, McVeigh & Mangum Engineering founders Carrington McVeigh and Wayne Mangum both join IMEG as managing principals. Mr. Campagna and Chief Operating Officer Tim Owen join IMEG as senior principals. Additional company leaders also have been welcomed as IMEG shareholders and will maintain regional leadership roles.
The merger comes two months after IMEG acquired The Harman Group, a Philadelphia-area structural engineering firm, in March. That transaction marked IMEG’s fourth acquisition since late December.