NEW YORK — Yenni Capital, a private equity investment firm, announced that it has acquired Steven Feller P.E., an engineering design services company whose capabilities include HVAC, electrical, plumbing, and fire suppression. Financial terms of the transaction were not disclosed.
Based in Fort Lauderdale, Florida, Steven Feller has focused its operations in southeast Florida and has completed engineering design work for many of the largest projects in the region. Having successfully navigated several economic cycles, owing to its consistently healthy business backlog and pipeline of new projects, the company has proven itself in its niche.
Yenni Capital’s strategic partnership with Steven Feller is intended to accelerate the company’s expansion into new geographical markets and sectors, and drive efficiencies through stronger financial and project management controls. The investment was executed via Yenni Income Opportunities Fund I, Yenni Capital’s buyout fund vehicle, in partnership with the company’s founder and president, Steve Feller, and Braga Investment & Advisory.
“We are excited about our acquisition of Steven Feller, a robust franchise with great potential to scale across geographies and sectors,” said Musa Yenni, president of Yenni Capital. “Steve Feller is an excellent entrepreneur and engineer, and we are thrilled to partner with him and his experienced team to take the company to its next level of sophistication and growth.”
Feller, who will continue in his current role as president, said, “I am extremely excited and optimistic about the partnership with Yenni Capital. Together, we will be able to enter new markets and continue to serve our existing and new customers with industry leading engineering design services.”
Steven Feller P.E. provides design services to support commercial and residential projects. The firm’s expertise has been applied to new construction projects as well as to retrofit and reuse of existing and historic buildings.
For more information, visit www.fellerpe.com.
Publication date: 10/21/2016