Larson Engineering, Inc. announces the acquisition of Fagen Engineering, LLC, the engineering arm of construction company Fagen, Inc., marking a significant milestone in its strategic growth initiative.
The acquisition strengthens Larson’s position in industrial engineering, specifically in the growing ethanol and biofuel sector, and represents a key component of the company’s ambitious ten-year strategic plan aimed at achieving 25 percent revenue growth.
Larson Engineering, which is 100 percent employee-owned, is retaining all of Fagen Engineering’s employees and maintaining existing office leases in Granite Falls, Minn., within the Fagen, Inc. headquarters, and Greenville, S.C., ensuring continuity for current clients while expanding its national presence.
The acquisition stemmed from Larson’s more than 20-year working relationship with Fagen Engineering and Fagen, Inc., as well as interest in the team’s specialized ethanol and biofuel plant and carbon capture expertise.
As the ethanol industry leading design builder, Fagen, Inc. and Fagen Engineering have been involved in the development or installation of more than 90 facilities for original build, expansion or enhancement projects.