Exvere Announces Sale of Crux Subsurface, Inc.
May 03, 2012 (PRLEAP.COM) Business NewsSeattle, WA – Exvere Inc., a Seattle M&A firm, announced today that Crux Subsurface, Inc. of Spokane, Washington has agreed to be acquired by Quanta Services, Inc. Nick Salisbury and three partners established the company in 1998, after years of experience in exploration and drilling within the Western United States. Crux is now recognized as a leader of difficult logistics projects in the most challenging terrain and extreme site conditions. The Company's innovative project approaches result in radically lowering a projects overall risk while enhancing constructability and reducing environmental impact.
Crux's management team sees this as a logical transition, "Quanta has been a major customer for many years. We have worked closely with them on projects so joining the Quanta family of businesses makes perfect sense", says Nick Salisbury. "Combining the unique capabilities of Crux with the financial strength of Quanta is an exciting prospect."
Michael Brustkern, Managing Director of Exvere noted that "Crux is an extremely well run company and we were pleased to assist them in this transaction. While there were several suitors, their relationship with Quanta proved pivotal in their selection".
Crux Subsurface, Inc. began as a natural extension of geotechnical exploration by providing geotechnical construction services, including ground improvement, soil nails, rock anchors, micropiles and tiebacks. After 13 years Crux has developed a well-earned reputation, as the "go-to" source for challenging drilling exploration and foundation construction projects.
About Exvere, Inc.
Exvere, Inc. advises Northwest businesses on capital transactions, including mergers, acquisitions and recapitalizations. Exvere provides expertise in key Northwest industries including: aerospace, building materials and construction, general manufacturing and distribution, food products, wine and business and financial services. For more information about Exvere, Inc. please visit www.exvere.com.