Acquisition is intended to accelerate the company’s expansion into new markets and sectors
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.