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MARLTON, N.J. and SAN RAMON, Calif., Jan 4, 2010 (GlobeNewswire via COMTEX News Network) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has acquired TRS Consultants, Inc., a firm that provides civil engineering, program management, construction management and information technology services primarily to the transportation and infrastructure market. TRS, which has approximately 40 employees, is based in San Ramon, California. Terms of the transaction were not disclosed.
"TRS Consultants is an outstanding firm of construction management professionals with a great reputation in the transportation sector," said David L. Richter, Hill's President and Chief Operating Officer. "TRS considerably strengthens our resources and capabilities in Northern California," Richter added.
"We are very pleased to be joining Hill, a firm with the financial strength and global experience that I expect will accelerate our growth in the years ahead," said Ranjit K. Chakravorti, Ph.D., P.E., President of TRS. In addition to continuing in his current role, Dr. Chakravorti will serve as a Senior Vice President with Hill.
TRS Consultants, founded in 1987, provides public and private sector clients with quality engineering, public works, construction management and information technology services. The firm serves as a team leader or member on major engineering and construction management projects throughout the Western United States. For more information on TRS, please visit their websites at www.trsconsultants.com and www.mylcm.com.
Hill International, with 2,300 employees in 80 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
The Hill International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5733
Certain statements contained in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information contained in this press release, the matters set forth herein including, but not limited to, any projections of earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
(HIL-G)
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SOURCE: Hill International, Inc.
CONTACT: Hill International, Inc. John P. Paolin, Vice President of Marketing and Corporate Communications (856) 810-6210 johnpaolin@hillintl.com The Equity Group Inc. Devin Sullivan, Senior Vice President (212) 836-9608 dsullivan@equityny.com
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