Vistal

What Vistal does

Vistal is a 100% employee-owned ESOP holding company headquartered in West Fargo, North Dakota, that owns and provides shared strategic services to a portfolio of engineering and communications operating companies. The operating subsidiaries include Moore Engineering, Inc. (civil, environmental, transportation, and water infrastructure engineering, founded 1960), Communication Network Engineering/CNE (planning, funding, COE and OSP engineering, operations assistance, mapping, right-of-way, permitting, and IT services for communications networks, acquired 2021), WHS (civil engineering, planning, and survey for oil and gas, transportation, material testing, and energy services in the Mountain West, acquired May 2026), and FARR Technologies (fiber and wireless broadband engineering serving the northern tier of the United States, acquired May 2026 and being integrated into CNE). Vistal supports these operating companies with shared services spanning strategic planning, accounting and finance, human resources, leadership development, information technology, marketing and business development, online positioning, communications/PR, and branding.

Vistal's business model operates on two levels. At the holding-company level, Vistal targets owners of profitable, high-performing companies considering business succession and offers ESOP transition as the entry point into the enterprise, using direct enterprise outreach as the primary go-to-market motion. At the operating-company level, Vistal's subsidiaries deliver fee-based engineering and consulting services to public-sector clients (government infrastructure) and enterprise clients (telecommunications carriers, energy companies, broadband providers) across the Midwest, Mountain West, and Northern Tier regions of the United States. Pricing is quote-based and customized to project scope; no public pricing is disclosed. The company was formerly known as Moore Holding Company and rebranded to Vistal in June 2025.

The core technology stack is not disclosed and there is no indication of proprietary software products or AI/ML capabilities. Revenue mechanics flow through managed services delivered by the holding company to its subsidiaries and through the underlying engineering services contracts of the operating companies. Vistal holds memberships in ESCA, the National Center for Employee Ownership (NCEO), and the ESOP Association, and has achieved back-to-back Great Place to Work certifications (2025 and 2026), with 94% employee agreement in the most recent survey.

Name

Vistal

Legal name

Vistal

Website

https://vistal.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Vistal is a 100% employee-owned ESOP holding company that owns and provides shared strategic services to engineering and telecommunications subsidiaries, including Moore Engineering, CNE, WHS, and FARR Technologies, serving government and enterprise clients across the US Midwest, Mountain West, and Northern Tier.

Ownership category

akta.pro rank

Product category

Engineering Services Holding Company

NAICS

Engineering Services (54133), Management of Companies and Enterprises (55111)

SIC

Services-Engineering Services (8711)

akta.pro primary industry

Air Quality & Emissions Management (BPAHAJAI)

akta.pro secondary industry

EHS Auditing, Inspections & Assurance (BPAHAJAG)

Keywords

• Civil engineering services
• Environmental engineering consulting
• ESOP holding company
• Telecommunications engineering
• Business succession solutions

Headquarters

HQ city

West Fargo

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. ESOP Management and Holding Company Services: Vistal operates as a holding company providing strategic services to its operating companies (Moore Engineering, CNE, WHS, FARR Technologies). Revenue is generated through the ownership and management of these subsidiary companies, providing services including strategic planning, accounting/finance, HR, IT, marketing, and business development support.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Vistal is a 100% employee-owned ESOP holding company that acquires and supports operating engineering and telecommunications firms. Through wholly-owned subsidiaries (Moore Engineering, CNE, WHS, FARR Technologies) it delivers civil, environmental, transportation, water, telecom, and broadband engineering services to public and private clients. The holding company also provides shared strategic services (strategic planning, accounting/finance, HR, IT, marketing, leadership development) and offers its ESOP structure as a business succession solution for owners of profitable companies.

Product overview

Vistal is an ESOP holding company that owns and supports a portfolio of operating companies in the engineering and communications sectors. The portfolio includes Moore Engineering, Inc. (civil/environmental/transportation/water infrastructure engineering), Communication Network Engineering/CNE (network engineering with planning, COE/OSP engineering, IT services), WHS (civil engineering, planning, and survey for energy services), and FARR Technologies (fiber and wireless broadband engineering, being integrated into CNE). Vistal provides strategic services to these companies including Strategic Planning, Accounting/Finance, Human Resources, Leadership Development, Information Technology, Marketing/Business Development, and Communications/PR.

Differentiator

Problem solved

Functional benefit

Products and services

• Moore Engineering, Inc. Wholly-owned subsidiary delivering civil, environmental, transportation, and water infrastructure engineering services to public and private partners across hundreds of communities since 1960.
• Communication Network Engineering (CNE) Wholly-owned subsidiary providing planning and funding, COE and OSP engineering, operations assistance, mapping/right-of-way/permitting, and IT services for communication networks with national reach.
• WHS Wholly-owned subsidiary delivering civil engineering, planning, and survey services for oil and gas, transportation, material testing, and energy clients across the Mountain West region from the Dakotas to Texas and Louisiana.
• FARR Technologies Wholly-owned subsidiary providing fiber and wireless broadband communication engineering and technology services across the northern tier of the United States from Oregon to New York, integrated into CNE to double capacity and broaden expertise.
• ESOP Business Succession Solution Structured ESOP-based succession offering for owners of profitable, high-performing companies, providing a transition path that converts seller equity into employee ownership under the Vistal enterprise.
• Shared Strategic Services for Operating Companies Centralized support services provided to Vistal's operating companies covering strategic planning, accounting/finance, human resources, leadership development, information technology, marketing/business development, online positioning, communications/PR, and branding.

Quantifiable outcome

• 94% of employees agree 'taking everything into account, this is a great place to work'
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

Three partnerships are on record, tiered minor.

• ESCA (Employee Stock Ownership Companies Association)minorOthersVistal is a proud member of ESCA, a national organization supporting the ESOP community with education, guidance, and advocacy for employee-owned companies.
• NCEO (National Center for Employee Ownership)minorOthersVistal is a proud member of NCEO, providing education, guidance, and advocacy for the ESOP community.
• ESOP AssociationminorOthersVistal is a proud member of the ESOP Association, supporting the ESOP community with education, guidance, and advocacy.

Scale indicators4 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Parametrix: 100% employee-owned engineering firm providing planning, engineering, and environmental services across the western US. Closest direct peer: ESOP-owned multi-disciplinary engineering company with civil/environmental/water/telecom practice areas matching Moore Engineering and CNE.
• NV5 Global: Engineering and consulting firm with infrastructure, environmental, and telecom/power delivery service lines, executing a programmatic acquisition strategy. Closely comparable growth-by-acquisition model and service-line overlap (environmental, infrastructure, broadband).
• TRC Companies: Engineering, environmental, and construction-management firm that has grown via acquisitions in infrastructure and energy markets. Comparable business model as a roll-up acquirer of engineering firms across infrastructure, telecom, and energy verticals.
• Barr Engineering: Employee-owned engineering and environmental consulting firm serving mining, power, and infrastructure clients. Comparable as an ESOP-structured engineering firm with environmental/water infrastructure focus similar to Moore Engineering.
• Stanley Consultants: Employee-owned engineering consulting firm with power, water, transportation, and federal services. Comparable as an ESOP engineering firm with similar multi-disciplinary infrastructure focus and succession-driven ownership model.

Broad incumbents

• WSP Global: Global professional services firm with engineering, environmental, and infrastructure consulting practices. Comparable professional-services holding company structure, but international and much larger scale than Vistal.
• Tetra Tech: Global consulting and engineering firm focused on water, environment, and sustainable infrastructure. Overlaps heavily with Moore Engineering's civil/environmental/water practice, but at much larger scale and as a public company.
• Quanta Services: Largest specialty contractor and engineering services holding company for electric, telecom, and pipeline infrastructure. Strongly comparable operating-company-plus-acquisition model in telecom engineering and infrastructure, but at vastly greater scale.
• MasTec: Infrastructure construction and engineering services holding company across power, communications, oil & gas, and utilities. Comparable as a holding company serving telecom (overlap with CNE/FARR) and energy (overlap with WHS) end markets, though larger and publicly traded.

Emerging players

• Wunderlich-Malec Engineering: Employee-owned engineering services firm specializing in power, facilities, and industrial automation. Comparable ESOP model with engineering services focus, though narrower sector mix than Vistal.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/vistalcompany
• LinkedInlinkedin.com/company/vistalcompany

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vistal