Lerch Bates has completed an acquisition agreement to purchase Joseph Neto & Associates, Inc. (JNA), headquartered in Midtown Manhattan. 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 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 in a statement. “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, “We believe this opportunity will enable us to serve architects, building owners and managers well beyond what has been available in the market previously.”
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. Lerch Bates and JNA have worked closely together leading up to the acquisition developing an integration plan. The new entity will operate as Joseph Neto & Associates, a Lerch Bates company, for an interim period of time.