Deal Agreement Finalized
HONOLULU, March 16, 2021 (Newswire.com) - Coffman Engineers, Inc. (Coffman), a multi-discipline engineering consulting firm, announced it finalized an asset purchase agreement with Honolulu-based mechanical engineering firm Miyashiro and Associates, Inc. on March 11, 2021.
Coffman announced they were working toward an agreement to welcome Miyashiro and Associates to the company in a previous release.
Incorporated in 1994, Miyashiro and Associates is a Hawaii-owned and operated consulting mechanical engineering firm providing services throughout the Pacific Region. Miyashiro and Associates has a varied background in the planning and design of mechanical systems for many facility types. The firm's experience in military, commercial, and hospitality markets aligns well with Coffman's focus in Hawaii and throughout the Pacific Region.
The two companies have existing relationships among staff members, are pursuing projects together, and share some of the same clients. Through discussions that began in 2019, both firms agreed that joining forces would benefit clients and provide additional opportunities for employees.
"Miyashiro and Associates is a great group and owner Nick Allday is a respected local business leader. It is important for us to find partners who share Coffman's vision, business culture, and technical excellence. We have found that with Miyashiro and Associates," John Thielst, Vice President, Managing Principal of Coffman Engineers Honolulu and Guam.
"Our goal has always been to be a client-focused, solutions-oriented company. The combination of Miyashiro and Associates and Coffman brings relationships together, broadens our capabilities, and deepens our exposure in existing and new markets," said Nick Allday, Owner of Miyashiro and Associates. "We believe our clients will benefit tremendously from this partnership."
Nick Allday joins Coffman as a principal and will work with Bill Lee, mechanical department manager and principal, in leading the Honolulu mechanical engineering department. Four additional employees from Miyashiro and Associates joined the Honolulu office. Their first day in Coffman's Honolulu office was on March 15, 2021.
Dave Ruff, CEO and President of Coffman Engineers stated, "I am excited to join forces with Miyashiro and Associates. Nick has built a respected company in Hawaii and I am particularly excited to have him continue that legacy of excellence and service with Coffman. I can't think of a better partnership for the Honolulu office and the mechanical group."
For more information, see the attached Fact Sheet and visit our announcement page at http://www.coffman.com/news/miyashiro-and-associates-joins-coffman/.
About Miyashiro and Associates
Miyashiro and Associates, Inc. is a local consulting mechanical engineering firm, licensed in the State of Hawaii and established in September 1994 providing services in Hawaii and throughout the Pacific region. The scope of Miyashiro and Associates' services includes planning, engineering, design, drawings, specifications, cost estimating, studies, energy analyses, and construction administration. Technical specialties include air conditioning, ventilation, plumbing, fueling, process piping, and medical gas systems.
Miyashiro and Associates has a staff of six personnel with experience in technically challenging projects. They have participated in various teams that have successfully executed different types of projects and are aware of all state, federal, and local project requirements.
About Coffman Engineers
Coffman Engineers is a multidiscipline engineering consulting firm that integrates many disciplines including civil, structural, mechanical, electrical, fire protection, and other specialties to offer clients local, high-touch service and a scalable array of services. Coffman has 588 employees in 17 offices that serve clients across the U.S. and internationally. For more information, please visit coffman.com or follow us on LinkedIn, Facebook, Instagram, and Twitter.
Source: Coffman Engineers, Inc.