Compass is Pleased to Announce its Acquisition by The Vertex Companies, Inc.Category: Company Updates
Compass Project Management, Inc. is pleased to announce that on January 18, 2019, it was acquired by The Vertex Companies, Inc. Over the past ten years, Compass has grown to become the preeminent OPM in the eastern Massachusetts marketplace. As part of VERTEX, Compass will enhance its position in the marketplace while maintaining the unsurpassed service its clients have come to expect. For more information, please read the letter below from Compass President, Tim Bonfatti.
Dear Clients, Colleagues and Friends,
I am pleased to announce a very exciting development that occured last week. As of January 18, 2019, Compass Project Management, Inc. (Compass) was acquired by The Vertex Companies, Inc. (VERTEX) based in Weymouth, Massachusetts. As our client or colleague, you will notice no difference in the service we provide. I, along with the entire senior leadership at Compass, will continue to manage Compass from our Norwood office. All operational decisions will remain my responsibility and you will see no change in either staffing or rates beyond what has already been contemplated in our contract. The name and business entity will continue to operate as Compass Project Management, Inc. In summary, this is only a transfer of ownership; management will not change.
VERTEX, which you may know from their services as engineers and environmental solution providers, is an employee-owned AEC firm that delivers integrated Forensic, Engineering, Construction and Environmental solutions on complex projects. It is a 400-person company with offices around the United States and in some foreign countries. For Compass, it provides the right fit as a mid-sized, employee-owned company that offers us the expanded resources of a multi-disciplinary AEC. The VERTEX mission and core values are wholly consistent with our customer and employee focus stressing the need to bring added value and urgency to all of our projects. While VERTEX has an OPM presence in some of the markets we serve, we will be coordinating our efforts so that we assist and complement each other rather than compete.
Compass is celebrating its 10th anniversary as an Owner's Project Manager. As its founder, I am very proud of the work our staff has done to make us one of the preeminent OPM's in the eastern Massachusetts marketplace. Working under the VERTEX umbrella, I am very confident that the next ten years will see us enhance our position in the marketplace without sacrificing the service you have come to expect.
If you have any questions about the acquisition or Compass' plans for the future, please feel free to contact me directly.
Timothy J. Bonfatti