News & Announcements

May 28, 2007 - On May 8, 2007, Stevenson & Palmer Engineering, Inc. (SPE) completed a significant transaction involving 3 of its operations, all based in Savannah, GA

Stevenson & Palmer held two wholly owned subsidiary companies – eGeo Services, Inc. and Saussy Engineering, P.C. eGeo was a firm based in Savannah specializing in remediation of contaminated soils and groundwater. Saussy, also based in Savannah, specialized in structural and civil/site. SPE completed a stock transaction, selling all shares of both subsidiary companies to AEVenue, LLC. Stevenson & Palmer also sold the assets of its Savannah, GA municipal operations to AEVenue.

Both subsidiary companies were acquired by Stevenson & Palmer in recent years. This transaction will allow SPE to focus on its strength for over 47 years—serving the water/sewer and other engineering needs of Georgia’s local government communities.

The southeast portion of Georgia will continue to be served by any one of Stevenson & Palmer’s other three fully staffed offices in Smyrna, Albany and Augusta. Another regional office may be opened in the Savannah area in the near future as the situation warrants.

March 27, 2007 - Stevenson & Palmer Board of Directors Election

The Board of Directors of Stevenson & Palmer conducted its Annual Board Meeting March 27, 2007. This meeting follows the Annual Shareholders meeting held March 16, 2007. The shareholders elected the following persons to the Board of Directors, from left to right in the picture: James A. Willson, II; Ronny Dudley; Charles A. Welch; William D. White; and Fred T. Finney. The Board elected Charles A. Welch as Chairman, and William D. White as President/CEO.

Stevenson & Palmer is an ESOP majority owned company. The Board of Directors also elected the following persons to the Employee Stock Ownership Plan (ESOP) Administrative Committee: Curtis R. Barber; Bruce Maples; William D. White; and James A. Willson, II. President/CEO William D. White also announced the recent appointments/re-appointments of the following Regional Managers for the indicated regional office: Bruce Maples – Albany; James A. Willson, II – Augusta; Michael Sikes – Savannah; and William D. White – Smyrna.

President/CEO William (Bill) White who has been employed at Stevenson & Palmer for over 18 years views the recent transition of leadership to be one of the most exciting, challenging and rewarding experiences of his long tenure. The assemblage of this new leadership promises to continue the quality traits for which the Company has long been known.