American Engineering Associates, a Charlotte firm led by former mayoral candidate Scott Stone, has purchased the Charlotte operations of global engineering firm Gannett Fleming.
Stone, managing principal of American Engineering, said the firm is picking up eight employees by acquiring Gannett Flemings Charlotte office. American also picks up the Gannett Fleming offices assets and projects.
Stone said the deal brings his firm to 14 employees. He said he expects to have 20 by early next year.
Terms of the deal werent announced.
William Stout, Gannett Flemings chairman of the board and chief executive officer, said in a statement that the move gives the firms former Charlotte employees more growth and development opportunities.
Stone said American has focused on private sector projects, while the Gannett Fleming office specialized in public sector projects for clients such as the city of Charlotte and the N.C. Department of Transportation.
Chris Johnson, who led the Gannett Fleming office, becomes a principal with American Engineering, focused on leading public sector projects.
Were excited about it. Its a good fit, Stone said. It gives us more depth, it gives us more breadth of services.
Stone ran unsuccessfully for Charlotte mayor in 2011.
Frazier: 704-358-5145; @Ericfraz on Twitter
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