RINA buys Patrick Engineering, enters US civil market

Dive Temporary:

  • RINA, a Genoa, Italy-based engineering consultancy, has entered the U.S. infrastructure market with its acquisition introduced Monday of Patrick Engineering, a Lisle, Illinois-based engineering, design and building administration agency, based on a firm press launch.
  • Patrick Engineering has gross income of roughly $82 million and operates in 19 places of work, with a bulk of these places of work within the Midwest in addition to in Boston and Columbia, South Carolina, based on the corporate’s web site. RINA expects no layoffs and no deliberate adjustments in Patrick Engineering’s prime administration, an organization spokesperson advised Building Dive.
  • The transfer displays RINA’s plan to help worldwide and native purchasers in giant abroad initiatives, and to place the corporate as a major participant within the North American engineering sector as funding from the $1.2 trillion infrastructure act involves market, based on the discharge.

Dive Perception:

Patrick Engineering specializes within the infrastructure, renewable and transportation sectors. A few of its notable initiatives embrace:

  • Massachusetts Bay Transportation Authority’s $1.2 billion purple and orange line transformation program.
  • Technical consulting and program administration providers for a $650 million American Electrical Energy undertaking in Ohio.
  • $700 million Superior Photon Supply Improve of Vitality’s Argonne Nationwide Laboratory undertaking within the U.S. Division of Vitality complicated.

Ugo Salerno, chairman and CEO at RINA, stated the acquisition permits the agency to spice up its footprint within the U.S. market, whereas including to its competencies in supplies, lab testing and revolutionary expertise. Daniel Patrick Dietzler, founding father of Patrick Engineering, will stay as a advisor, based on RINA.

“[The acquisition] represents a novel alternative for growth within the thriving North American infrastructure market,” stated Salerno. 

One other foreign-based firm to not too long ago enter the U.S. infrastructure market contains Switzerland-based Holcim Group. This week, the constructing materials firm introduced it had acquired Pioneer Panorama Facilities, a Highlands Ranch, Colorado-based supplies provider.

In August, Holcim acquired Fundamental Building Firm, a New Kent County, Virginia-based sand and gravel materials firm.

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