3-Tier Alaska & Travis/Peterson Have Merged
3-Tier Alaska and Travis/Peterson Environmental Consulting have joined forces effective February 1, 2021. This merger expands and deepens their civil, environmental, and land surveying services across Alaska.
Zweig Group, a full-service AEC management advisory firm, represented 3-Tier Alaska in this transaction. Jamie Claire Kiser, Zweig Group’s managing principal, served as the firm’s lead advisor on the engagement.
“While 2020 threw off some of our M&A predictions, the fact is that the long-term drivers of M&A remain: the need for buyers to grow and expand into the new markets and offer new services, and the need for sellers to transition ownership and join forces with culturally-aligned partners for growth,” Kiser said. “We congratulate leadership of both firms for achieving mutually successful outcomes in this strategic combination.”
Jim Ringstad started 3-Tier Alaska in the early 1980s, specializing in land surveying and civil engineering. In March of 2018, Jim’s son, Nick Ringstad, took over the company and grew it from two to 12 full-time employees.
Michael Travis and Larry Peterson formed Travis/Peterson in 1998. Travis/Peterson specializes in environmental engineering and consulting. The company currently has seven full-time employees, composed of engineers, biologists, geologists, and environmental scientists, as well as seasonal staff.
“Travis/Peterson has a first-class reputation and deep expertise in environmental consulting and engineering in the state of Alaska. Their team of registered engineering and environmental science professionals integrate perfectly with 3-Tier Alaska’s decades worth of experience in land surveying and land-use,” Nick Ringstad, owner of the merged company, said. “The two companies share a common belief that there is no substitute for hard work, dedication, and honesty, and our clients can expect to get the best and most experienced civil and environmental engineering and surveying professionals for every job.”
Travis/Peterson is now a division of 3-Tier Alaska and will maintain its offices in Fairbanks and Anchorage. The new company will continue to offer the following services: Drinking water, storm, and wastewater treatment system design, spill response, prevention, and site remediation, SWPPPs, environmental site assessments, wetlands and permitting along with subdivision design and engineering, property, boundary and remote surveying and construction surveying, amongst other services.
Nick Ringstad added, “Within the next three years, one of 3-Tier Alaska’s top goals is to be voted a ‘Best Place to Work’ by local media outlets. The merger with Travis/Peterson is a huge step toward accomplishing that goal. The future of this company is very bright.”
ABOUT ZWEIG GROUP
Zweig Group, three times on the Inc. 500/5000 list, is the leading research, publishing, and consulting resource for the built environment. The firm provides strategy, mergers and acquisitions, business valuation, ownership transition, marketing, business development, market research, financial management, project management, recruiting and executive search services nationwide. Zweig Group also provides a comprehensive suite of products including industry reports and surveys, executive training, and business conferences covering virtually every aspect of AEC firm management. The firm has offices in Dallas and Fayetteville, Arkansas.
The firm’s mission, Elevate the Industry, has five tenets: promote, diversify, educate, change, and celebrate. Zweig Group’s vision is to facilitate action in pursuit of elevating individuals, firms, and thus the industry. More than a mission, this is a movement to advance the AEC profession, creating a world that celebrates the built environment and recognizes its impact on individuals, communities, and commerce.
For more information, visit zweiggroup.com or call (800) 466-6275.
ABOUT 3-TIER ALASKA
3-Tier Alaska has more than 100 years of combined expertise and knowledge in land surveying and civil engineering in the interior of Alaska. To learn more, visit 3tieralaska.com or contact Nick Ringstad at firstname.lastname@example.org.