HDR Expands Total Service Capabilities with Acquisition of ICA and MEI
(January 7, 2015) - HDR continues to expand its service capabilities with the acquisition of Brentwood, Tennessee-based Infrastructure Corporation of America (ICA), which specializes in transportation engineering, asset maintenance and management, and the asset purchase of MEI , LLC, a liquid natural gas (LNG) consulting firm based in Pooler, Georgia. ICA will do business as HDR | ICA, and MEI will operate as HDR | MEI. Financial terms were not disclosed.
"We've set a goal of cutting 10 percent of the owner's cost over the life cycle of HDR-designed and constructed facilities by improving the delivery process," said George A. Little, HDR, Inc. chairman and CEO. "Both MEI and ICA offer unique capabilities that will help our clients stretch their capital dollars and maximize operational efficiency."
With the addition of ICA and MEI, HDR now employs more than 9,200 staff worldwide.
ICA Background and New Roles
Infrastructure Corporation of America is a leader in transportation asset maintenance and management. It manages over 20 long-term asset maintenance management contracts in Tennessee, Georgia, Florida, Virginia, Texas, Missouri, Arizona and South Carolina, including approximately 3,650 structures, 190 facilities and 4,700 lane-miles of roadway. ICA employs 400 asset management staff across eight states.
"ICA excels at helping clients get the most from their infrastructure investments," said Little. "Their performance-based approach to asset management has helped state governments save up to 20 percent on maintenance costs. Combined with our capabilities in consulting, design and construction, we can help owners refine the delivery process in order to lower costs over the asset life cycle."
"Joining HDR was the logical next step in ICA's growth," said ICA CEO Butch Eley, who will join HDR as president, HDR |ICA. "They're well-respected in the industry and it was important for us to join forces with someone who has the same client-focused approach we have. We're excited we'll be able to reach more clients and offer continued ownership opportunities to our employees."
The ICA acquisition includes its engineering division, ICA Engineering, Inc., which complements ICA's asset management portfolio with high-value civil engineering services. With 300 employees in 13 regional offices, ICA Engineering significantly bolsters HDR's presence in the southeastern United States. Mark Acuff, division president, will join HDR as chief operating officer for ICA's engineering division, which will operate as HDR | ICA Engineering.
The Environmental Financial Consulting Group served as exclusive financial advisor to Infrastructure Corporation of America in its sale to HDR.
MEI Background and New Roles
MEI is a globally recognized engineering and consulting company specializing in LNG facilities and gas processing, as well as hydrocarbon storage and transport infrastructure.
"MEI has nearly 40 years of experience in the design and engineering of LNG facilities. Combined with our strengths in marine, rail, permitting and other areas, we can help owners expedite the project development process and transform the way LNG facility projects are delivered," Little said.
"We've successfully partnered on projects for many years, so we know HDR and MEI make a great team," said Ralf Schwimmbeck, MEI CEO and owner. "We're very pleased to take this partnership to the next level and create a worldwide leader in LNG consulting services." Schwimmbeck will join HDR as a vice president and LNG global practice leader.
At HDR, we've partnered with our clients to shape communities and push boundaries of what's possible since 1917. With 9,200 employees in more than 225 locations around the world, we think global and act local. We've completed projects in 60 countries, always following through and holding ourselves accountable.