Daily Newsletter

19 January 2024

Daily Newsletter

19 January 2024

Atwell expands Mid-Atlantic presence with Karins acquisition 

The terms of the deal have not been made public.

Upasana Mukherjee January 19 2024

Atwell has acquired Karins and Associates, a Delaware-headquartered company specialising in engineering, surveying, and planning in the US.   

This strategic deal is expected to enhance Atwell's engineering and surveying service offerings in land development, water resources, transportation, and public works across Mid-Atlantic. 

Atwell real estate and land development senior vice-president US East Bill Anderson said: “We both have a client-centric approach, making the addition of Karins to Atwell a great fit.  

“By leveraging their decades of experience within the Mid-Atlantic, we’ll be able to provide our clients with even more capabilities. We look forward to working with the Karins team to help our clients reach their goals.” 

The terms of the deal remain undisclosed. 

Karins and Associates, with a history dating back to 1973, serves a varied client base across Pennsylvania, Delaware, and Maryland.  

The company has more than 50 employees. 

Karins president Dev Sitaram said: “The core values of Karins and Atwell are well-aligned. We’re focused on providing clients with the highest standards of quality and service.  

“We look forward to working closely with our new teammates at Atwell, to expanding our capabilities, and providing improved services to our clients and new opportunities to our employees.” 

The latest addition comes following the acquisition of Banks Engineering in Florida last week.  

Atwell’s other acquisitions include companies such as Summit Engineering in Utah and Mead Gilman & Associates in Washington, as well as Bay Engineering earlier in 2023 and Ben Dyer Associates in 2022. 

Analyzing the growth prospects of the global construction industry

GlobalData's latest report offers an insight into the outlook for the global construction industry to 2027. Despite the challenging macroeconomic and geopolitical backdrop, the global construction industry managed to continue to generate growth momentum in 2023, with global output rising by 3.4% in real terms. Much of this is owing to China’s surprisingly strong performance despite the prolonged real estate crisis there.

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