Vancouver, BC – January 6, 2022 – CAI Capital Partners (“CAI”) is pleased to announce that its portfolio company, CMT Engineering Laboratories (“CMT” or the “Company”), has acquired Paradigm Consultants, Inc. (“Paradigm”). Based in Houston, Texas, Paradigm is a leading provider of construction material testing and inspection, geotechnical engineering services, and litigation and forensic services in the South Texas area.
CMT and Paradigm share similar cultures and service offerings in overlapping geographies. CMT recently expanded into Texas organically and the partnership with Paradigm significantly bolsters the Company’s presence in the state with the addition of approximately 40 personnel. CMT will provide Paradigm with additional resources and infrastructure to assist in serving Paradigm’s high quality customer base.
Paradigm is led by Woody Vogt and Ray Meyer, who have retained an equity interest in the Company and will remain in their current roles at Paradigm.
“We are excited to partner with Woody and Ray and the rest of the Paradigm team,” said Doug Watson, President of CMT. “Paradigm shares our customer-centric ethos, and we look forward to building on Paradigm’s success and strong reputation in the South Texas area.”
Paradigm is CMT’s third acquisition since inception and the first since partnering with CAI in September 2020. The acquisition of Paradigm aligns with the Company’s long-term strategy of expanding its service offering and geographical footprint as a leading provider of technical services.
Seeking New Partnerships
CMT is actively seeking new add-on acquisition opportunities of like-minded organizations with similar service offerings and customer end markets.
About CMT Engineering Laboratories
Founded in 2003, CMT is a leading provider of technical services, including construction material testing and inspection, analytical laboratory services, geotechnical and civil engineering services, construction management, and other ancillary services to the transportation, education, defense, healthcare, religion, government, and commercial sectors. The Company is headquartered in Salt Lake City with twelve offices throughout Utah, Arizona, Idaho, and Texas. For additional information, please visit www.cmtlaboratories.com.
About Paradigm Consultants
Founded in 1995, Paradigm provides construction material testing and inspection, geotechnical engineering services, and litigation and forensic services in the South Texas area. The company is headquartered in Houston, Texas. For additional information, please visit www.paradigmconsultants.com.
About CAI Capital Partners
CAI Capital Partners is a Vancouver-based private equity firm focused on partnering with and growing founder-owned businesses in the Canadian and US lower middle market. Over three decades, CAI has invested over C$1.5 billion of equity capital into companies across North America. For additional information, please visit www.caifunds.com.
For further information please contact:
Trevor Riback, Vice President
[email protected]
604-637-1289
Date: January 6, 2022
