Lerch Bates Inc., headquartered in Littleton, Colo., announced it has completed an acquisition agreement to purchase Joseph Neto & Associates, Inc. (JNA), headquartered in Midtown Manhattan, New York, New York. This merger expands upon Lerch Bates’ global leadership in consulting services for the building industry. Both entities are well known as specialized experts in elevator and escalator consulting and the combined resources of the two firms strengthen their positions in the tremendous New York market.
“The addition of JNA to our presence in New York is extremely beneficial because of the quality reputation and excellent relationships the firm has developed over decades in New York City,” said Lerch Bates CEO and President Bart Stephan. “JNA has superior depth of technical resources and experienced personnel active in elevator and escalator new design, modernization, service and inspection businesses. We look forward to the future, leveraging the combined resources of Lerch Bates and Neto serving the elevator consulting needs of clients throughout New York.”
Joseph Neto & Associates President Joe Neto expressed, “This new combined entity is beneficial for all employees and enables us to offer unequaled technical expertise to all of our clients and prospective clients in New York. We believe this opportunity will enable us to serve architects, building owners and managers well beyond what has been available in the market previously. This partnership with Lerch Bates expands our ability to serve our clients not just domestically, but globally through offices in key international locations.”
As a 100% employee-owned company, Lerch Bates serves the building industry with a unique employee ownership dedication to its clients in thirty locations throughout the United States. The JNA acquisition will expand the employee base of talented individuals in the greater New York market. The companies have worked closely together leading up to the acquisition developing an integration plan to communicate to clients and prospects the combined expertise, knowledge base and geographic coverage that can be leveraged globally. The new entity will operate as Joseph Neto & Associates, a Lerch Bates Company, for an interim period of time.
ABOUT JOSEPH NETO & ASSOCIATES, INC.
Joseph Neto & Associates, Inc. has been in business for over 28 years. Slow and steady growth, primarily through repeat business and word of mouth from satisfied customers, has allowed JNA to provide the personal service and technical expertise that our valued customers have grown to depend on. What started out as a “Mom & Pop” New York based elevator inspection agency has developed into a comprehensive vertical transportation consulting firm, providing design, project management and consulting services for new and existing buildings as well as maintenance management, inspections and testing services for existing buildings.
Joseph Neto & Associates, Inc. has become one of the largest vertical transportation consulting firms in the New York City metropolitan area, working with some of the most prestigious architects, developers, property owners and property management companies throughout New York, Washington D.C./ Northern Virginia and Boston.