Houlihan Lokey is pleased to announce the sale of Ambitech Engineering Corp., a family-owned business, to Zachry Group. The transaction closed on February 28, 2017.
Ambitech, based in Downers Grove, Ill., is one of the nation's leading providers of fully integrated project management, engineering, design, procurement, and construction management services to the global process and manufacturing industries for retrofits, revamps, turnarounds, expansions, and greenfield construction projects. The company was co-founded by Allan Koenig in 1982 and has since grown to 12 offices serving clients in 25 countries spanning six continents. Ambitech's technical and process expertise improves design productivity and decreases risk to generate end-to-end efficiencies through a project's lifecycle.
Zachry Group, based in San Antonio, Texas, is North America's pace-setter in turnkey construction, engineering, maintenance, turnaround, and fabrication services to the power, energy, chemicals, manufacturing, and industrial sectors. It works with customers to plan, build, and renew their most critical facilities, so they can achieve their immediate and long-term goals, all at the highest standards of safety and quality. Zachry Group operates 35 offices, with 22,000 employees working in more than 400 locations nationwide.
The acquisition of Ambitech adds extensive resources, capabilities, and market reach to Zachry Group. The addition of the highly skilled, experienced Ambitech team further enhances Zachry Group's ability to provide high-quality, full-service support to customers through Zachry's principal business lines, including engineering, construction, maintenance, turnarounds, and specialty services across North America.