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Carter Morse & Mathias Announces Fletcher-Thompson's Acquisition of NJ-based Architectural Firm

SOUTHPORT, Connecticut, April 10, 2003 -- Carter Morse & Mathias today announced that Fletcher-Thompson, Inc., headquartered in Shelton, Connecticut, has acquired Rothe-Johnson-Fantacone, LLC, a New Jersey based architectural, planning and interior design firm. Carter Morse & Mathias was Fletcher-Thompson's exclusive financial advisor in the transaction, and has been working with the company since 1998.

Fletcher-Thompson, Inc., founded in 1910, is ranked among Engineering News Record's top 500 Design Firms in the country. It provides professional services to a wide range of private and public institutional, corporate and governmental clients, with particular capabilities in K-12 and higher education, corporate/industrial facilities, healthcare, historic preservation and governmental markets.

Founded in 1974, Rothe-Johnson-Fantecone grew to be one of New Jersey's largest architectural firms. It provides professional services to a wide variety of private and public clients, including commercial developers, colleges and universities, healthcare instutions, leading corporations and state, county and local governments.

Chester Salit, AIA, Managing Principal/Chief Operating Officer of Fletcher-Thompson, said "This acquisition is part of the company's long term strategy to enter new markets that are not easily accessible from our Connecticut offices, yet are particularly attractive markets because they fit well within the firm's proven capabilities."

Edward Rothe, President and CEO of Rothe-Johnson-Fantecone stated: "We are excited to become a part of one of the Northeast's largest and most respected firms. This will allow us to grow the New Jersey office by offering an expanded range of services to our existing clients and to open new markets such as K-12 schools and pharmaceuticals, with unquestioned credibility."

Carter Morse & Mathias is a regional investment banking firm, founded in 1987 and headquartered in Southport, Connecticut.  It specializes in raising private capital from institutional investors, merger and acquisition advisory services, venture development services, and financial advisory services for emerging growth and middle-market companies in New England. 

For more information, contact Frank Morse, Managing Director (203) 254-3333, ext. 223