Copley Equity Partners has kicked off an auction process for LJB, the civil and structural engineering firm it acquired in 2022. The Boston-based private equity firm hired Harris Williams to run the sale, targeting bids that could value the Miamisburg, Ohio company between 12x-14x EBITDA. LJB provides geospatial engineering, environmental services, and infrastructure consulting across multiple markets.

The lower mid-market buyout represents Copley Equity's latest portfolio exit attempt in the engineering services space. LJB operates in the specialized civil engineering segment, which has attracted steady investor interest due to infrastructure spending tailwinds. The firm's diversified service offerings position it as an attractive target for strategic buyers or other financial sponsors seeking exposure to public sector projects.

Market participants expect the sale process to draw interest from both strategic acquirers and fellow private equity firms. The 12x-14x EBITDA multiple range suggests Copley Equity is seeking a premium valuation, potentially reflecting LJB's growth trajectory since the 2022 acquisition. Harris Williams' involvement signals an organized sale process that could conclude within the typical six-to-nine month timeframe for middle-market transactions.