Employee-owned architectural and engineering firm HDR Incorporated has purchased InfraConsult, a project finance adviser with a forte in transportation infrastructure, in a bid to expand its service offering to the public sector.
HDR, currently a member of consortia competing for the Ohio River Bridges Project as well as Interstate 77 toll road project in North Carolina, bought InfraConsult to “deepen our bench strength” in “project finance guidance,” said Charles O’Reilly, HDR executive vice president in Omaha, Nebraska.
O’Reilly explained HDR has in the past teamed with an adviser, such as InfraConsult, when pursuing a public-private partnership (PPP) deal, noting his company relied on in-house expertise to provide client advice on accessing TIGER, or Transportation Investment Generating Economic Recovery, money.
InfraConsult has a strong presence in Arizona, California and New Mexico as well as in Hawaii, according to O’Reilly, noting InfraConsult would function as a wholly-owned subsidiary of HDR. He went on to point out InfraConsult would be able to team with businesses other than HDR “as long as there isn’t a conflict”.
HDR declined to reveal how much purchasing InfraConsult cost. Michael Schneider is managing director and founder of InfraConsult.