Terracon, an employee-owned firm with a long history of providing excellence in engineering consulting services, announces it has acquired Rhode Island-based SAGE Environmental and聽SAGE EnviroTech Drilling Services (SAGE). As a leading provider of environmental services, SAGE offers its clients services including assessment through remediation; redevelopment, permitting, and regulatory compliance; health and safety; environmental and geotechnical drilling, and specialized remedial injections.
鈥淲e are excited to offer our clients access to the high level of expertise and quality of environmental and drilling services that SAGE offers,鈥� said Gayle Packer, Terracon chair, president, and CEO. 鈥淲ith their established, award-winning track record, we are confident SAGE will provide even more clients in the Northeast with excellent service.鈥�
SAGE鈥檚 33 current employees will immediately become part of Terracon. The teams will serve clients as SAGE Environmental, A Terracon Company and SAGE EnviroTech Drilling Services, A Terracon Company, respectively. The new acquisition is supported by Terracon鈥檚 existing operations in Hartford, Connecticut, the Metro Boston area, and throughout the Northeast.
鈥淣ow that we鈥檝e joined Terracon, our clients will continue to benefit from the expertise and creative solutions they鈥檝e come to expect from SAGE over these past 28 years, while also enjoying expanded access and support from Terracon鈥檚 regional and national resources and multidiscipline services,鈥� said Rick Mandile, owner, SAGE Environmental and SAGE EnviroTech Drilling Services.
SAGE is Terracon鈥檚 second acquisition in 2024, and its 22nd acquisition since the beginning of 2017. The transaction was brokered by Matheson Financial Advisors of Natick, Massachusetts, and McLean, Virginia. “Terracon and SAGE are now positioned to provide significant new possibilities that deliver value to their clients,鈥� said David Cohen, managing director at Matheson Financial Advisors. 鈥淢atheson Financial Advisors is pleased to have introduced and facilitated SAGE and Terracon establishing this partnership, which will be beneficial to all their clients.鈥�