ANAHEIM, Calif.--(BUSINESS WIRE)--Mar. 11, 2019--
Willdan Group, Inc. (NASDAQ: WLDN) today completed its previously
announced acquisition of substantially all of the assets of The Weidt
Group, a leading energy analysis and consulting firm previously owned by
EYP. The Weidt Group adds new construction consulting and real-time
modeling software to Willdan’s capabilities. This acquisition expands
Willdan’s presence in the upper Midwest. It also better positions the
company to help utilities make their grids more resilient.
Willdan is a nationwide provider of professional technical and
consulting services to utilities, government agencies, and private
industry. Willdan’s service offerings span a broad set of complementary
disciplines that include electric grid solutions, energy efficiency and
sustainability, engineering and planning, and municipal financial
consulting. For additional information, visit Willdan's website at www.willdan.com.
About The Weidt Group
The Weidt Group, with offices nationwide, was established in 1977 to
account for and manage the environmental impacts of building design and
construction. Collaborating with architects, engineers, building owners,
product manufacturers, utilities and government clients, The Weidt Group
makes available accessible strategies for building lifelong energy
performance through analysis, benchmarking, verification and software
development. For more information, visit www.theweidtgroup.com.
EYP is the leading architecture and engineering firm developing new
ideas and design solutions with mission-driven clients in higher
education, government, healthcare, and science & technology. Its
interdisciplinary Total Impact Design™ approach empowers clients with
buildings that profoundly impact human behavior and performance as well
as energy and the environment. Dedicated to People, Purpose, and Planet,
EYP design liberates human potential to transform performance; actively
helps clients advance their mission; and maximizes available resources
to advance sustainability. Inspired by its clients, design is how EYP
makes a positive impact on the world. www.eypae.com
Statements in this press release that are not purely historical,
including statements regarding Willdan's intentions, hopes, beliefs,
expectations, representations, projections, estimates, plans or
predictions of the future are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The
forward-looking statements involve risks and uncertainties including,
but not limited to, the risk that Willdan will not be able to expand its
services or meet the needs of customers in markets in which it operates.
It is important to note that Willdan’s actual results could differ
materially from those in any such forward-looking statements. Factors
that could cause actual results to differ materially include, but are
not limited to, Willdan’s ability to adequately complete projects in a
timely manner, Willdan’s ability to compete successfully in the highly
competitive energy efficiency services market, changes in state, local,
and regional economies and government budgets, Willdan’s ability to win
new contracts, to renew existing contracts (including with its three
primary customers and the two primary customers of recently acquired
Lime Energy) and to compete effectively for contract awards through
bidding processes and Willdan’s ability to successfully integrate its
acquisitions and execute on its growth strategy. Willdan’s business
could be affected by a number of other factors, including the risk
factors listed from time to time in Willdan’s reports filed with the
Securities and Exchange Commission, including, but not limited to, the
Annual Report on Form 10-K filed for the year ended December 28, 2018.
Willdan cautions investors not to place undue reliance on the
forward-looking statements contained in this press release. Willdan
disclaims any obligation to, and does not undertake to, update or revise
any forward-looking statements in this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190311005132/en/
Source: Willdan Group, Inc.
Willdan Group, Inc.
Financial Profiles, Inc.
Tony Rossi, 310-622-8221