Multinational Inspection, Certification, and Engineering consultancy firm, RINA, has announced the acquisition of all shares of Patrick Engineering Ltd., a Chicago-based engineering consultancy firm that specializes in infrastructure, transport, and renewable energy. With a revenue of around $82 million and 340 employees across 19 offices primarily located in the Northeast US, Patrick Engineering will become fully integrated into RINA Consulting, a subsidiary of the RINA Group that operates in the engineering sector.
Ugo Salerno, Chairman and CEO at RINA, says: “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.”
Daniel Patrick Dietzler, Founder of Patrick Engineering, commented: “Our companies complement one another, and our clients and staff will benefit from this acquisition. We will accelerate our growth in new sectors and broaden our expertise. We have a strong client portfolio split between the government and the private sector including transit agencies in major cities and investor-owned utilities and heavy industries across North America. Through RINA’s international network we will gain expertise, particularly in offshore wind, high speed rail and other emerging areas of experience our clients are asking for.”