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Town Manager Bruce St. Denis said the acquisition of the beach engineer will result in no changes to the town and its beach projects.
Longboat Key Tuesday, Mar. 8, 2011 4 years ago

Town's beach engineer sold

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by: Kurt Schultheis Managing Editor

The town’s beach engineer, Boca-Raton-based Coastal Planning & Engineering, was acquired by Baton Rouge, La.-based The Shaw Group Inc. Tuesday in an all-cash transaction valued at about $26 million, according to a press release.

Shaw, a Fortune 500 company and a leader in coastal engineering and restoration, has worked with CP&E on multiple coastal engineering projects in the past, including a recent sand berm project for the coastline of Louisiana.

"The acquisition of Coastal Planning & Engineering positions Shaw as a clear leader in coastal restoration services," said George Bevan, president of Shaw's Environmental & Infrastructure Group, in a statement.

Shaw has about 27,000 employees around the world and annual revenues of $7 billion.

Town Manager Bruce St. Denis said the town would see no changes as a result of the acquisition.

“I was assured it won’t impact any of our projects,” St. Denis said. “It’s primarily a difference in Louisiana operations.”

Tom Campbell will remain the president of CP&E; and Beau Suthard will continue to be the director of Tampa Bay regional office and the Longboat Key beach project manager.

Contact Kurt Schultheis at kschultheis@yourobserver.com.
 

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