TIC Firm Acquires NY Consultancy

| September 5, 2019

Marc Weissbach

New York – SOCOTEC Group, a firm specializing in risk management and asset performance optimization, announced that on July 22, it had acquired ArchEng, the holding company of five legal entities: Vidaris, Inc., LPI, Inc. (2013), CBI Consulting, LLC (2017), C2G International and Synergen Consulting International (2018). Terms of the transaction were not disclosed.

Headquartered in New York, Vidaris is a TIC (testing, inspection and certification) consultancy focused on assurance services, building design, efficiency and dispute resolution in the construction, real estate, infrastructure and industrial fields, serving as an independent third‐party advisor for leading developers, property owners, industrial operators, utilities, architects and engineers.

Hervé Montjotin

Hervé Montjotin, CEO of SOCOTEC Group, said “The acquisition broadens the capabilities of SOCOTEC to include consulting, architectural assistance and dispute resolution, services not previously offered, as well as heightens opportunities for cross-selling.”

Chief executive officer of Vidaris, Marc Weissbach, said in a statement, “There is tremendous synergy between SOCOTEC and Vidaris. Both firms have similar cultures, recognize the importance of strong relationships with employees and clients, and have long recognized that testing, inspection and certification are not only critical but necessary in our markets.”

Vidaris was previously owned by Cortec Group, a New York private equity firm.  The company is managed by Weissbach and the firm’s partners, who will continue as shareholders and employees following closing.

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