Parsons acquires RCI Construction Group
RCI is a Sumner, Wash.-based firm with over $300 million in contracts that specializes in transportation, infrastructure, civil and industrial construction, environmental site remediation, and residential and commercial development projects...
PASADENA, CA, April 7, 2005 (BUSINESS WIRE) -- Parsons, a leader in construction management and technical solutions, announced today that it has acquired RCI Construction Group (RCI).
RCI is a Sumner, Wash.-based firm with over $300 million in contracts that specializes in transportation, infrastructure, civil and industrial construction, environmental site remediation, and residential and commercial development projects. The all-cash sale includes both Robison Construction Inc. and RCI Environmental Inc.; two separate operating companies, and over 400 pieces of heavy construction equipment in Washington, Oregon, and Hawaii.
"We're very pleased to have RCI join the Parsons family of companies. RCI will bring focused construction and construction support services expertise that will expand Parsons' design-build capabilities," commented David Backus, President, Parsons Water & Infrastructure. "Design/build, water and wastewater, transportation, military housing, environmental, and residential/commercial development are all areas in which both Parsons and RCI excel."
"The synergies of the two companies are unbelievable; you couldn't ask for a better match. Both cultures, including safety standards, are mirror images of each other," stated Mark Robison, Founder and Chairman of RCI Construction Group.
"Parsons saw an opportunity to bring its vast experience and design/build capabilities to RCI and provide a new avenue for the RCI team to grow and progress," remarked Andy Albrecht, RCI's CEO and President. "This acquisition will propel us to world-class status, while building on RCI's time-proven construction practices."
Terms of the sale were not disclosed. Robison will retain all properties and lease back to Parsons.
Founded in 1977 by Mark Robison and his wife Sheri, RCI (www.rci-group.com) specializes in water and wastewater, transportation, urban infrastructure, civil and industrial construction, environmental site remediation, and residential and commercial development projects. RCI currently has projects throughout Washington, Oregon, and Hawaii and employs over 625 construction professionals.
Parsons (www.parsons.com), with over 60 years of setting industry standards, is a leader in many diversified markets such as water, aviation, infrastructure, planning, facilities, industrial processes, communications, transportation, environmental, and advanced technology. Parsons provides technical and management solutions to private industrial customers worldwide as well as to federal, regional, and local government agencies.