Market Overview

Hill Int'l Buys Additional 23.8% Stake in Gerens Hill for $9.2M

Share:
Related HIL
Worst Performing Industries For August 27, 2015
Hill International Named Construction Management Consultant for $1B Candlestick Point Development in San Francisco
Hill International (HIL) Enters Oversold Territory (Zacks)

Hill International (NYSE: HIL), the global leader in managing construction risk, announced today that it has acquired an additional ownership stake of 23.8% in its Madrid-based subsidiary Gerens Hill International S.A. for a purchase price of approximately €7.1 million ($9.2 million). As a result, Hill's ownership stake in Gerens Hill has increased from 69.4% to 93.2%.

Gerens Hill provides project management services throughout Spain and Mexico and also owns a 60% interest in Brazilian subsidiary Engineering S.A. In 2012, Gerens Hill generated more than 17% of Hill's worldwide consulting fee revenue.

Posted-In: News M&A

 

Related Articles (HIL)

View Comments and Join the Discussion!

Get Benzinga's Newsletters