Town's beach engineer sold

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 [email protected].