TERRE HAUTE —
A management group led by Ed Jolliffe (president and CEO) and Terry Baker (executive vice president) has acquired majority interest in HWC Engineering, a design and consulting firm specializing in water, wastewater, transportation, site development, landscape architecture and planning.
The company, founded in 1989 in Terre Haute by David Hannum, and with annual revenues of $10 million, will be majority led by Jolliffe and owned by key employees including partners Randy Hancock, James Rice and Eric Smith as well as several associate partners. HWC Engineering employs 70 associates and has offices in Indianapolis, Terre Haute, Lafayette, Noblesville and Scottsburg.
“This is a great day for HWC Engineering, its employees, and its customers,” Jolliffe said, a shareholder since 2009. “We are proud of the service we provide to our public and private customers and are pleased that this acquisition keeps more than 70 highly skilled and talented employees working for an Indiana based company.”
The Terre Haute office employs 25 and is headed by Smith, a Rose-Hulman Institute of Technology graduate. HWC Engineering just last year purchased, renovated and relocated into new offices at 601 Third St. The company will continue to have a business relationship with Garmong Construction.
Original partners Hannum and Ralph Wagle will retain a small ownership stake in the firm. Mike Cline, a partner and vice president with the firm since 1995, will be leaving to pursue national opportunities in the water, wastewater and energy fields of engineering.
Since its founding in 1989, the firm has been a leader in the water - wastewater field and has enjoyed a strong municipal client base in the western part of the state. Recent strategic initiatives have seen strong growth in central Indiana clients, increased offerings in private site development, facilitation of public private partnerships, and new additions in the areas of planning and economic development.