ALBUQUERQUE, N.M. — Lubbock-based X8e Inc., which provides engineering and environmental services, has expanded to New Mexico with its recent acquisition of two compatible Albuquerque companies, Vinyard & Associates and Subsurface Exploration Inc.
“The shared environmental component of each company was one of the initial drivers of the acquisition,” said X8e president and CEO Randy Sherwood in a prepared statement announcing the decision.
The environmental services component, which includes remediation and hazardous spill cleanup, creates its own revenue stream while often generating business for the geosciences, geotechnical and engineering components of the company, he said.
The combined company, after a brief transition period, will operate as X8e Vinyard in Albuquerque, where it has 19 employees at its facility at 8916 Adams NE near Balloon Fiesta Park. A founding member of X8e in Lubbock, Jon Wiegand, has moved to Albuquerque to help with business development activities.
X8e was founded in 2009 — not an auspicious year to start a business — but Wiegand said, “We’ve been profitable and growing since our inception.”
X8e, which is short for X8 Environmental, is one of 75 small businesses nationwide to win a 2012 Blue Ribbon Award from the U.S. Chamber of Commerce.
Vinyard & Associates, founded in 1987, and Subsurface Exploration, founded in 1996, were basically locally owned sister companies housed at the same address. John Smith and Wayne Unze of NAI Maestas & Ward Business Advisors helped negotiate the sale of the companies.