The Indian tribe that owns Mystic Lake and Little Six casinos is buying a stake in a national engineering services firm with nine offices, including the headquarters in Minneapolis.
The Shakopee Mdewakanton Sioux Community (SMSC) acquired 47% of Windward Engineers & Consultants, marking the first time the tribe has co-owned an engineering firm, tribal officials announced Monday.
The deal, which was in the making for two years, closed Jan. 1. The tribe would not disclose financials but confirmed the Windward Engineers investment exceeds $1 million.
With the Shakopee Mdewakanton Sioux's involvement, the company will be designated as a federally certified Minority Business Enterprise.
Other equity partners include the Minneapolis-based architecture and design firm Nelson Worldwide (47%) and Turtle Mountain Chippewa member Jason Booth (6%). Booth and John "Ozzie" Nelson Jr. reached out to the tribe more than a year ago to see if a partnership was possible.
Windward Engineers generates about $10 million a year in revenue and employs 65 people in Minneapolis, Texas, Pennsylvania, Virginia, Maryland, Georgia and Washington.
The company provides design and building services, mechanical, electrical and plumbing, fire protection and code safety consulting, as well as life-cycle cost-analysis, lighting design, sustainability and COVID workplace safety consulting.
Buying a chunk of Windward Engineers will "further diversify our economy and benefit the entire region and communities across the country," said SMSC Chairman Keith B. Anderson. In addition, "this new ownership group will allow Windward to offer clients engineering and real estate consulting services that help them achieve their diversity goals and broaden capital spending opportunities within their supply chains."