Dive Brief:
- RINA, a Genoa, Italy-based engineering consultancy, has entered the U.S. infrastructure market with its acquisition announced Monday of Patrick Engineering, a Lisle, Illinois-based engineering, design and construction management firm, according to a company press release.
- Patrick Engineering has gross revenue of approximately $82 million and operates in 19 offices, with a bulk of those offices in the Midwest as well as in Boston and Columbia, South Carolina, according to the company’s website. RINA expects no layoffs and no planned changes in Patrick Engineering’s top management, a company spokesperson told Construction Dive.
- The move reflects RINA’s plan to support international and local clients in large overseas projects, and to position the company as a significant player in the North American engineering sector as funding from the $1.2 trillion infrastructure act comes to market, according to the release.
Dive Insight:
Patrick Engineering specializes in the infrastructure, renewable and transportation sectors. Some of its notable projects include:
- Massachusetts Bay Transportation Authority’s $1.2 billion red and orange line transformation program.
- Technical consulting and program management services for a $650 million American Electric Power project in Ohio.
- $700 million Advanced Photon Source Upgrade of Energy’s Argonne National Laboratory project in the U.S. Department of Energy complex.
Ugo Salerno, chairman and CEO at RINA, said the acquisition allows the firm to boost its footprint in the U.S. market, while adding to its competencies in materials, lab testing and innovative technology. Daniel Patrick Dietzler, founder of Patrick Engineering, will remain as a consultant, according to RINA.
“[The acquisition] represents a unique opportunity for expansion in the thriving North American infrastructure market,” said Salerno.
Another foreign-based company to recently enter the U.S. infrastructure market includes Switzerland-based Holcim Group. This week, the building material company announced it had acquired Pioneer Landscape Centers, a Highlands Ranch, Colorado-based materials supplier.
In August, Holcim acquired Basic Construction Company, a New Kent County, Virginia-based sand and gravel material company.
