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The addition of the Meridean Consulting team bolsters J.S. Held's Surety Practice in the southwest United States.
Jericho, NY – March 18, 2017 – Global consulting firm J.S. Held today announced the acquisition of Meridian Consulting Group LLC. It is the company’s sixth acquisition in the last two years. Meridian provides construction consulting and management services as well as claims resolution and litigation support to the surety industry. Financial terms of the private transaction were not disclosed.
Meridian Consulting Group was formed in 1986 by a group of experienced construction professionals with a commitment to providing responsive, professional services focused on the needs and expectations of clients. Today, Meridian is engaged by clients across the country to evaluate and manage troubled construction projects, evaluate contract compliance, monitor environmental projects, and provide expert testimony and litigation support. Clients have included Capitol Indemnity Corporation, International Fidelity Insurance Company and Liberty Mutual Insurance, among others.
“We are thrilled to welcome Doug Fritz, Allen Thibodeaux and all the employees of Meridian to our team,” said Jon Held, President and Chief Executive Officer of J.S. Held. “Like J.S. Held, Meridian’s success and national recognition as a leading consulting firm is based on its professional staff of construction managers, engineers, accounting and technical support personnel who have extensive experience in claims analysis and contract compliance issues. They are important additions to our surety practice.”
Meridian will be rebranded as J.S. Held and join the J.S. Held Surety Services practice. In June of 2016, J.S. Held expanded into surety services through the acquisition of Lovett Silverman Construction Consultants. The addition of the Meridian team will bolster J.S. Held’s surety division in the Southwest. Meridian will be integrated with the surety team under the direction of J.S. Held Senior Vice President, John Lovett.
“We look forward to bringing our combined experience and construction and engineering backgrounds to J.S. Held,” said Fritz, who has been named a Vice President of J.S. Held. “Our full range of project management services and understanding of underlying issues that often give rise to, or form the basis for, disputes will be highly complementary to J.S. Held’s existing surety capabilities.” Morgan Lewis served as legal counsel to J.S. Held on the deal.
About J.S. Held
J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets.
The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.
J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held is not a law firm and does not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.