Vancouver, BC – October 21, 2022 – CAI Capital Partners (“CAI”) is pleased to announce that its portfolio company, CMT Technical Services, Inc. and its related companies (together, “CMT”), has successfully closed the strategic acquisition of CTC-Geotek, Inc. (“CTC”), a leading Colorado-based consulting engineering firm specializing in construction material testing and inspection, specialty testing, geological consulting, and geotechnical and environmental engineering services.
The acquisition, together with the prior acquisition of Cesare, Inc., position CMT as a market leading provider of technical services in Colorado, allowing the combined organization to better support and service its customers and provide enhanced opportunities for its ~300 employees.
CTC is led by Bob Scavuzzo who will continue with the business as a senior project manager overseeing the special inspections service line in Colorado for CMT.
CTC is CMT’s fifth acquisition since inception and the third since partnering with CAI in September 2020. The acquisition of CTC 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 growing and seeking new add-on acquisitions and partnership opportunities with like-minded organizations with similar service offerings and customer end markets.
About CMT Technical Services, Inc.
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 15 offices throughout Utah, Arizona, Idaho, Texas, and Colorado. For additional information, please visit
About CTC-Geotek, Inc.
Founded in 1960, CTC is a Colorado-based consulting engineering firm specializing in construction material testing and inspection, specialty testing, geological consulting, and geotechnical and environmental engineering services. The company is headquartered in Denver, Colorado. For additional information, please visit www.ctcgeotek.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
Date: October 21, 2022