STV Group Inc., and The Pritzker Organization L.L.C. announced that the Tom Pritzker Family Business Interests advised by TPO have agreed to recapitalize the ownership of STV, an engineering, architectural, program/construction management, planning, and environmental professional services firm, with corporate headquarters in New York, NY, and Douglassville.

Under the terms of the agreement, TPO will purchase shares in STV owned by the company's Employee Stock Ownership Plan and partner with current management to leverage STV's existing strength to drive future growth.

Following the transaction, STV will continue to provide services to its client base. The recapitalization will not affect the structure of the company's current management team nor the way it operates.

The recapitalization transaction has been unanimously approved by STV's board of directors and ESOP Trustee, Greatbanc Trust Co. Houlihan Lokey Capital, Inc. is acting as financial adviser to STV. The transaction is expected to close in December 2019.