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Announced

RINA to acquire Patrick Engineering.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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engineering consultancy

United States

Friendly

Engineering Consulting

Majority

Pending

Private

Cross Border

Acquisition

Single Bidder

Synopsis

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RINA, a certification company, agreed to acquire Patrick Engineering, a national engineering & design, construction, management services, and technology firm. Financial terms were not disclosed. "The acquisition of Patrick Engineering and the combined expertise of the new organization represents a unique opportunity for expansion and growth in the thriving North American Infrastructure market. It establishes an excellent platform not only in this sector, but also to grow all RINA's businesses to make the US one of RINA's main hubs. RINA will gain leverage to export its highly specialized competencies in materials, lab testing and innovative technology," Ugo Salerno, RINA Chairman and CEO.

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