GISI Completes Strategic Merger With The LiRo Group
Global Infrastructure Solutions Inc. (GISI) and Rocco Trotta, founder of The LiRo Group (LiRo), today said that their previously announced merger has closed, advancing the companies shared strategy for growth in the construction-management and engineering industry. Terms of the transaction were not disclosed.
The merger strengthens both organizations, according to John Dionisio, GISI Vice Chairman and Co-Founder. Rocco has led LiRo to a prominent market position in construction management, engineering and related services for institutional and public-works projects, Mr. Dionisio said. LiRo represents our initial building block in GISIs new Global Engineering and Consulting Platform and complements what we have achieved in Construction Services with STO Building Group (STOBG) which merged with us in January 2017.
LiRo has approximately 1,000 employees and is ranked 11th on the 2019 list of top 100 construction management-for-fee firms by trade journal Engineering News-Record. LiRo has worked on numerous prominent projects, including the post-9/11 rebuilding of Lower Manhattan, The Governor Mario Cuomo Bridge, East Side Access, the Jacobs School of Medicine and Biomedical Sciences at the University of Buffalo, New York City coastal resiliency, transit, terminal and other infrastructure improvements at John F. Kennedy International Airport, and High Line Park. LiRos industry awards include Best Transportation Project from Engineering News Record and NY/NJ Project of the Year Honorable Mention from CMAA NY/NJ for its work on the Number 7 MTA Subway Line extension.
As with GISIs prior mergers, LiRo will retain its brand as a way to honor its legacy, said GISI President, CEO and Co-Founder Rick Newman. As a result of the merger, Rocco has become a substantial shareholder in GISI. His key employees join the more than 2,000 GISI employee-shareholders as partners in our enterprise. The remaining LiRo team members will have the opportunity to become shareholders, as we join together to create value for clients, fellow employees and GISI.
About Global Infrastructure Solutions Inc.
GISI provides the resources its partner firms may require to gain the competitive advantage for success. Today, GISI partner companies comprise the largest privately-owned construction manager in the building and manufacturing market place, with approximately 3,300 employees, annual revenues of more than $8 billion and a project backlog of more than $10 billion. Our management teams and employees as shareholders are invested in contributing to and benefitting from our growth and results. Learn more at www.GISI.com.
About The LiRo Group
Founded in 1984, The LiRo Group is an award-winning engineering, program and construction management firm. LiRo has extensive expertise in transportation, infrastructure and public-works projects and serves public and private-sector clients throughout the northeast United States and in California. Visit www.liro.com for more information.
Jeff Kissel, Executive Vice President and Chief Administrative Officer