FMI Advises Gray on the Acquisition of InLine Engineers

RALEIGH, N.C., July 18, 2018 /PRNewswire/ -- FMI Capital Advisors is pleased to announce the sale of InLine Engineers to Gray Construction. FMI Capital Advisors acted as the exclusive financial advisor to Gray for this transaction.

InLine Engineers celebrates 22 years in the food and beverage sector. InLine Engineers will continue to provide engineering and project management services for the processing, packaging and facility challenges in the food and beverage industry under the leadership of Gregg Coleman and Kevin Reid. "Once talks between the companies began, it quickly became clear that the companies shared common goals and values toward both customers and team members," says Coleman, president of InLine Engineers.

"We are excited to become part of Gray for many reasons. The combined resources and skill sets of these two companies will enhance our services and capabilities to better serve our customers and meet their needs to provide seamless turnkey engineered solutions and execution from one resource," says Reid, vice president at InLine Engineers. "This execution aspect, combined with the engineering services we have been providing for over 20 years, makes the combined team a powerful force in the food and beverage sector."

Gray Construction is a pioneer in design-build, specializing in engineering, architecture and construction services to both domestic and international customers. Founded in 1960, Gray is a family-owned company, headquartered in Lexington, Kentucky, with offices across the U.S., Canada and Japan. "InLine Engineers is a welcome addition to Gray," adds Stephen Gray, president and CEO of Gray Construction. "The added value to customers from each company will advance our services and capabilities in the food and beverage industry."

About FMI Capital Advisors:

FMI Capital Advisors, a subsidiary of FMI Corporation, is the leading investment banking firm serving the Architecture, Engineering and Construction industry. With over 700 completed transactions, our industry focus enables us to provide our clients with valuable insight and advice. Clients gain access to our unparalleled network of industry contacts and relationships, deep market knowledge and technical expertise, based on decades of experience.

FMI Capital Advisors Contact:

Greg Powell
Managing Director
Architecture/Engineering/Environmental Services
919.785.9217
[email protected]

SOURCE FMI Corporation