Ocean Engineering acquired by INTERA
Published: Friday, April 5, 2013 at 12:02 p.m.
Last Modified: Friday, April 5, 2013 at 12:02 p.m.
Gainesville coastal engineering company Ocean Engineering Associates has been acquired by Austin, Texas-based water resources firm INTERA, the companies announced Thursday.
OEA's nine employees will remain in Gainesville as part of INTERA's new Southeastern Division.
Terms of the deal were not disclosed.
INTERA evaluates groundwater availability and quality, largely for government clients.
OEA does a lot of coastal engineering work on infrastructure work for departments of transportation. Its work included evaluating what caused the Interstate 10 bridge collapse in Escambia Bay during Hurricane Ivan in 2004 and helping design the replacement bridge.
The acquisition will allow INTERA to expand services to the existing clients of both companies, said Mark Gosselin, vice president of OEA and now director of hydraulics and coastal modeling for INTERA.
“We saw this as an opportunity to grow technically and geographically,” he said.
INTERA plans to add 15 to 30 new employees as it expands in the Southeast, according to a news release.
OEA was founded in 1988 by Max Sheppard, who was a professor at the University of Florida. He becomes a principal of INTERA.
INTERA has 150 employees with offices in Texas, Florida, New Mexico, Colorado, Nevada, Washington, Switzerland and France.