EMG Inc., a Hunt Valley, Md., company that provides due-diligence engineering and environmental-assessment services to commercial-property owners and managers, including those in the self-storage industry, merged with Quality Project Management LLC (QPM) effective Sept. 2. Based in Tempe, Ariz., QPM is a program- and project-management company specializing in construction and planned capital improvements. It will become a division of EMG, company officials announced in a press release.
The merger will enable both companies to provide more national coverage, technical resources and services to clients, officials said. “The decision to merge evolved over a three-year period as both companies recognized the value a merger would bring to our clients,” said Claude N. Limoges, CEO of EMG. “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,” added Ronald F. Stupi, a principal of QPM. “Both companies share the same core values of reliability, accuracy, timeliness and experience.”
Both companies will maintain their individual headquarters, leadership and personnel, company officials said. EMG will retain its name, while QPM will operate as QPM: A Division of EMG. The combined company will employ approximately 450 people in 37 states and serve customers in Canada, the United States and Puerto Rico. Financing for the merger was provided by M&T Bank.
"The essence of both companies is the same,” said Nestor Benavides, president of EMG. “Together, we are very excited about the value that we bring to our clients, the opportunity this creates for our employees, and our company’s bright future."
Established in 1995, QPM has more than 100 professionals in 19 states. The company works across a broad range of industries including retail, restaurants, convenience stores, banking, airports and health care. It has managed more than 500,000 projects across the United States, Puerto Rico and Canada.
Founded in 1986, EMG is a national engineering, environmental and capital-planning consulting firm. The company’s clients include commercial lenders, institutional owners and government entities. It provides site and technical assessments, integrated and scalable operational processes and technologies.