Before our conversation

Understand your options before you make a transition decision.

If selling, recapitalizing, or bringing in a partner is even a possibility over the next few years, this page gives you the useful context first: who we are, how we work, where we fit, and what a first conversation with David actually looks like.

“You don't need pressure. You need answers. You need information.”
40+ years
M&A and deal-making experience
Built environment only
Architecture · Engineering · Construction · Environmental
Seasoned principals
No analyst handoff · senior-level involvement
40+
Years of deal-making
$50M
Average transaction
95%
Historical engagement close rate

Historical figures reported across the firm's engagements. No sale, price, timing, or outcome is guaranteed.

Entrepreneur of the Year
Recognized by President Ronald Reagan
Built the largest U.S. environmental engineering firm
In the industry's first decade
E&Y Entrepreneur of the Year
International finalist
Architecture Engineering Construction Environmental Power & Utilities Industrials
A different kind of process

We do not start by listing your company.

Enginuity is a transaction advisory firm, not a production-line brokerage. Before a company goes to market, we learn it, value it, prepare it, and build the process around the owner's objectives.

01 · Understand

Learn the company and the owner's goals

We start with the history, leadership, financial picture, industry position, and what you actually want from a transition — whether that means stepping away, staying on, or bringing in a partner for the next phase.

02 · Prepare

Get the business ready before buyers see it

Financial, operational, legal, management, reporting, and diligence issues are addressed before the market process begins. The objective is to reduce surprises and present the company accurately and intelligently.

03 · Position

Build a buyer strategy around the transaction you want

Rather than simply posting a listing, we research and approach strategic and financial buyers that fit the company's sector, size, structure, and the owner's objectives.

04 · Execute

Manage the transaction from negotiation through transition

We coordinate the buyer process, structure, negotiation, diligence, tax and legal collaboration, closing, and — when useful — the early post-closing transition.

“We don't have analysts. We don't have associates. We just have seasoned principals.”

Structured transactions

Sometimes the best outcome is not simply selling everything today.

For owners who want liquidity but still see another chapter ahead, Enginuity is known for structuring transactions that can combine cash at closing with continued ownership and participation in future growth.

At closing

Take chips off the table

Convert a meaningful portion of the company's value into liquidity rather than waiting for a full retirement or complete exit.

Going forward

Retain meaningful equity

In the right transaction, an owner may roll part of the value into the new entity and continue operating alongside a strategic or financial partner.

Later

A potential second bite

If the business grows and the new entity is recapitalized or sold later, retained equity may create a second liquidity event.

Rollover equity and future recapitalization value are transaction-specific and are never guaranteed.

A candid word on fit

Who this conversation is for.

We are a small boutique practice and deliberately selective about the engagements we take on.

I Companies in the built environment Architecture, engineering, construction, environmental, power, utilities, and related industrial businesses. This is the world our principals came from and the world we focus on.
II Typically $5M+ in revenue That is where our process most often fits. Smaller companies can occasionally make sense when profitability, leadership depth, sector, and transaction objectives justify a more structured process.
III Owners seriously gathering facts about a transition You do not need to be ready to sell. The conversation is useful when you want a realistic understanding of your options, timing, value, buyer types, or what should be improved before a future transaction.
IV A company that can stand beyond one person Buyers care about durable earnings, leadership depth, client relationships, and whether the company can continue operating without everything depending on a single owner.

If the fit is not there, we would rather tell you directly than manufacture a reason to move forward.

Selected engagements

What a structured transaction can look like.

Two examples where the seller received liquidity, stayed involved in the business, and retained meaningful equity in the new entity.

Architecture / Engineering · $32M revenue
$55M purchase price
Acquired by a private equity group · second-round close

Three shareholders completed the transaction and retained 49% of the new entity, staying on to run and grow the business with institutional backing and potential participation in a later recapitalization.

Paving Contractor · $40M revenue · 30% EBITDA
$84M purchase price
Acquired by a New England private equity group · multi-step auction

A single owner completed the transaction and retained 42% of the new entity, continuing to lead the operation with a financial partner supporting the next phase of growth.

Details are simplified to protect confidentiality. Past transactions do not guarantee any future valuation, structure, or outcome.

Before the first call

Your questions, answered plainly.

The questions owners usually want answered before they are comfortable having a serious M&A conversation.

01

Will this stay confidential?

Confidentiality is foundational to the process. Enginuity uses confidentiality agreements with clients, prospective buyers, and around transaction materials as is standard in serious M&A work.

Employees, clients, and competitors generally do not need to know that you are exploring your options. If a sensitive situation does arise, we help you think through how to handle it. David's view after more than 40 years of deal-making is simple: confidentiality has to be managed deliberately from the beginning.

02

Do I have to be ready to sell just to talk?

No. Selling or recapitalizing a company is a process, not an event. A useful first step is simply understanding the choices available to you so that any eventual decision rests on facts rather than rumor or assumptions.

In many cases, talking earlier gives an owner more time to improve the company, build leadership depth, address weaknesses, and decide what type of transaction would actually fit their goals.

03

What is my firm actually worth?

The honest answer depends on the business: earnings quality, margins, growth, backlog, leadership depth, client concentration, sector, buyer appetite, and how the transaction is structured.

The first call stays high-level. If it makes sense to go further, Enginuity can review the financial information needed to develop an Opinion of Market Value and discuss how likely buyers may look at the company.

04

What happens on the first call?

A conversation, not a pitch. You'll speak directly with David Kimbrell. The first call is intentionally high-level: your company, its history, what you are thinking about, and what you want the next several years of your life and business to look like.

There is no heavy financial interrogation and no pressure to move forward. The goal is to answer your questions, understand the situation, and decide candidly whether another conversation would be useful.

David's approach: “You don't need pressure. You need answers. You need information.”
05

Why a boutique transaction advisor instead of a larger firm or broker?

Enginuity is intentionally small. The firm is led by seasoned principals rather than handing the engagement down to analysts or associates, and each process is built around the company rather than a standardized listing model.

Just as importantly, the principals came from building and buying businesses in the built environment themselves. That experience shapes the pre-market preparation, buyer selection, transaction structure, and negotiations.

06

What does the process look like, start to finish?

It varies by company and transaction, but a full process often runs roughly six to twelve months. Preparation and valuation come first, followed by buyer research and outreach, indications of interest, negotiation and structuring, a letter of intent, diligence, closing, and transition support.

The process is not perfectly linear. Many workstreams run in parallel, and the exact sequence depends on the company, the buyers, and the structure being pursued.

07

How do your fees work?

Enginuity's compensation is based primarily on a commission tied to the purchase price, using a Lehman-style scale. The vast majority of the fee is paid at closing.

That structure is intended to keep incentives aligned: the objective is not simply to complete a transaction, but to negotiate the strongest practical combination of price, structure, tax treatment, and fit for the owner.

08

I'd need to involve my partners, board, or family first.

That is encouraged. A transition decision affects more than one person, and it should be discussed with the people who matter. Enginuity can send white papers, process materials, or include other stakeholders in a follow-up conversation when useful.

Worth knowing: the first conversation is most useful when the person on it can genuinely weigh a transition — an owner, managing partner, shareholder, or senior decision-maker.
09

How did you get my information?

Research. We study companies in the built-environment sector by specialty, geography, size, and other public business information, and reach out where we believe a conversation could reasonably be relevant.

When you're ready

Let's have a quiet conversation.

Speak directly with David. No pitch, no obligation, and no assumption that you are ready to sell — just a candid conversation about your company, your goals, and what your options may look like.

Schedule directly with David

The Calendly booking calendar will appear here once the scheduling link is connected.

Your inquiry and conversation will be treated confidentially.