Maryland-based EMG and Tempe-based Quality Project Management, LLC, two national, privately owned companies that provide a broad range of services to real estate owners, retailers, commercial lenders, institutional owners and government entities, have merged to become the largest technical assessment and project management company in the United States. Effective September 2, 2014, the transaction will enable both EMG and QPM to provide more national coverage, technical resources and services to assist clients in managing their real estate assets throughout the life cycle.
Claude N. Limoges, CEO of EMG, said, “The decision to merge evolved over a three-year period as both companies recognized the value a merger would bring to our clients. The transaction’s synergies enable us to serve our clients at every stage of the real estate lifecycle, from the acquisition of portfolios and asset management to planned capital improvements and the disposition of properties.”
“We can now offer more geographic coverage and subject-matter expertise, as well as serve a more diverse group of clients together than as individual organizations. Both companies share the same core values of reliability, accuracy, timeliness and experience,” said Ronald F. Stupi, a principal of QPM.
EMG, founded in 1986, is a national engineering, environmental and capital planning consulting firm that enables its clients – which include commercial lenders, institutional owners and government entities – to close commercial real estate transactions and manage the lifecycle of their portfolios for greater compliance and optimal long-term value. Headquartered in Hunt Valley, Md. EMG employs over 350 people located throughout the United States.
Quality Project Management, LLC, headquartered in Tempe, Ariz., is a program and project management company specializing in construction and planned capital improvements for Fortune 500 companies across the United States. Working with clients across a broad range of industries including retail, restaurants, convenience stores, banking, grocery, airports, healthcare and hospitality, QPM helps to manage the budgets, schedule, and quality of its clients’ projects, ensuring that dedicated funds are spent wisely. The company leverages QPM ProTrack, its proprietary web-based software, to track project data and timelines and to generate reports. Established in 1995, the firm has more than 100 experienced professionals based in 19 states and has managed more than 500,000 projects across the United States, Puerto Rico and Canada.
Each entity will maintain its headquarters, leadership, and personnel. EMG will retain its name while QPM will operate as QPM: A Division of EMG. The merged company will employ approximately 450 people located in 37 states, serving the entire U.S., Canada and Puerto Rico. Financing for the merger was provided by M&T Bank’s Hunt Valley, Maryland branch. Terms of the transaction were not disclosed.