12/22/2023
Citizens Advises Rone Engineering on its Sale to RMA Companies
PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Rone Engineering, a leading geotechnical engineering, materials testing and environmental services firm, on its acquisition by RMA Companies, a portfolio company of OceanSound Partners.
Founded in 1972 and based in Dallas, Texas, Rone has provided expert professional services on some of Texas’ most iconic engineering projects, ensuring the quality, stability and longevity of the region’s infrastructure. Rone provides highly technical and practical solutions for public and private clients with a focus on transportation, public buildings, industrial, commercial and residential projects.
“Our team at Rone Engineering is thrilled to join the RMA family of companies,” said Rone Engineering President Richard Leigh. “Citizens M&A provided invaluable advice and support throughout the transaction process. We are grateful for their dedication and partnership.”
Citizens M&A Advisory Director Robert Womble said: “Rone has established itself as a clear leader in the Texas engineering services market. Our team was able to help them achieve their goals, and we look forward to their continued growth under RMA.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 100 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens JMP Securities, LLC, a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $225.3 billion in assets as of September 30, 2023. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,300 ATMs and approximately 1,100 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
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