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STV Acquires Denver-Based Energy Services Firm, GWD

NEW YORK, Feb. 11, 2014 /PRNewswire/ -- STV has acquired GWD, an energy services firm based in Denver, CO. GWD will become part of STV's Energy Services operations and will do business as STV/GWD.

"With GWD's record of growth in recent years and its broad-based range of services, it is the perfect complement to our well-established energy division," said Dominick M. Servedio, P.E., STV's executive chairman. "We believe STV and GWD are culturally aligned, with a focus on serving employees and clients first. I am pleased to welcome GWD into the STV family."

Founded in 2002 by Gary and Shauna Doven, GWD offers design, engineering, procurement, and construction/field services to the midstream natural gas processing market. It brings an established and highly regarded presence in the Rocky Mountain region to STV.

"This acquisition is a demonstration of STV's dedication to growing our Energy Services Division and being recognized as national leaders in this marketplace," said Milo E. Riverso, Ph.D., P.E., CCM, STV president and chief executive officer. "Together, STV and GWD will be in a position to offer our combined client base across the United States a broader spectrum of professional capabilities."

GWD's primary focus has been operating in the midstream natural gas sector in the Rocky Mountain region. Its talented staff members offer strong credentials in process, mechanical, electrical, and instrumentation/programming engineering; construction inspection and field services; and project management. These services have been applied to a vast array of projects covering a range of energy system and facility types that encompass the processing of natural gas and natural gas liquids from the extraction point at the wellhead to delivery of the finished products and the associated water treatment.

Gary Doven has joined STV as a senior vice president. Shauna Doven and Jeffery Carlson have joined STV as vice presidents. Jason Pingenot has become an STV senior associate.

"The entire GWD family is excited about this opportunity," Gary Doven said. "By joining STV, a firm with a rich history supporting a number of world-class projects and vast resources throughout North America, STV/GWD will be able to continue to serve our clients with the service they have become accustomed to in new and more comprehensive ways."

Since its earliest predecessor firm opened its doors more than 100 years ago, STV has become a leader in providing a range of planning, engineering, architectural, construction management and environmental services for energy, transportation, infrastructure and facilities projects. The firm is ranked 40th in Engineering News-Record's Top 500 Design Firms survey and 33rd among Trenchless Technology's Top 50 Trenchless Design Firms. STV is 100 percent employee-owned. For more information, visit our website at www.stvinc.com or follow @STVGroup on Twitter.

For more information, contact:
Jill Bonamusa, (212) 614-3354
[email protected] 
Mark Ginocchio (212) 505-4916
[email protected]  

SOURCE STV Incorporated

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