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Date Announced | | | Target | | | Acquiror | |
8/8/2022 | | | RPS Group plc | | | WSP Global Inc. | |
7/25/2022 | | | Infrastructure and Energy Alternatives, Inc. | | | MasTec, Inc. | |
6/27/2022 | | | PLH Group, Inc. | | | Primoris Services Corporation | |
12/20/2021 | | | Henkels & McCoy Group, Inc. | | | MasTec, Inc. | |
11/7/2019 | | | Quantum Spatial, Inc. | | | NV5 Global, Inc. | |
9/3/2019 | | | APi Group Inc. | | | J2 Acquisition Limited | |
10/21/2018 | | | Energy, Chemicals and Resources Business of Jacobs Engineering | | | WorleyParsons Ltd. | |
7/30/2018 | | | Berger Group Holdings, Inc. | | | WSP Global Inc. | |
3/28/2018 | | | Willbros Group, Inc. | | | Primoris Services Corporation | |
2/14/2018 | | | Layne Christensen Company | | | Granite Construction Incorporated | |
12/18/2017 | | | Chicago Bridge & Iron Company | | | McDermott International, Inc. | |
8/2/2017 | | | CH2M HILL Companies, Ltd. | | | Jacobs Engineering Group Inc. | |
4/3/2017 | | | WS Atkins plc (nka:WS Atkins Limited) | | | SNC-Lavalin Group Inc. | |
3/31/2017 | | | TRC Companies, Inc. | | | New Mountain Capital, LLC; New Mountain Partners IV, L.P. | |
3/13/2017 | | | Amec Foster Wheeler plc | | | John Wood Group PLC | |
2/28/2017 | | | Capital Services division of CB&I | | | Veritas Capital | |
5/23/2016 | | | Wyle Inc. | | | KBR Holdings, LLC | |
3/29/2016 | | | MWH Global, Inc. | | | Stantec Inc. | |
| | | 2022E | | |||
Net Income | | | | | 7,246 | | |
EBITDA | | | | | 21,742 | | |
Adjusted EBITDA | | | | | 24,000 | | |
2023E (millions) | | | Africa | | | APAC | | | Europe | | | Middle East | | | Americas | | | Corp | | | Hill Intl | | |||||||||||||||||||||
Operating Profit | | | | | 11.0 | | | | | | 3.2 | | | | | | 13.0 | | | | | | 11.5 | | | | | | 44.0 | | | | | | — | | | | | | 82.8 | | |
EBITDA | | | | | 10.4 | | | | | | 2.8 | | | | | | 8.8 | | | | | | 8.4 | | | | | | 34.5 | | | | | | (36.4) | | | | | | 28.5 | | |
Adjusted EBITDA | | | | | 10.4 | | | | | | 2.8 | | | | | | 8.9 | | | | | | 8.6 | | | | | | 34.7 | | | | | | (35.1) | | | | | | 30.4 | | |
2024E (millions) | | | Africa | | | APAC | | | Europe | | | Middle East | | | Americas | | | Corp | | | Hill Intl | | |||||||||||||||||||||
Operating Profit | | | | | 12.7 | | | | | | 3.5 | | | | | | 16.3 | | | | | | 14.2 | | | | | | 50.6 | | | | | | — | | | | | | 97.3 | | |
EBITDA | | | | | 12.1 | | | | | | 3.1 | | | | | | 11.9 | | | | | | 10.9 | | | | | | 40.6 | | | | | | (38.1) | | | | | | 40.5 | | |
Adjusted EBITDA | | | | | 12.1 | | | | | | 3.1 | | | | | | 12.0 | | | | | | 11.1 | | | | | | 40.8 | | | | | | (36.7) | | | | | | 42.5 | | |
Name | | | Cash ($) | | | Equity ($)(2) | | | Perquisites/ Benefits ($) | | | Total ($) | | ||||||||||||
Raouf S. Ghali President and Chief Executive Officer | | | | | 1,850,000(1) | | | | | | 3,526,167 | | | | | | — | | | | | | 5,376,167 | | |
Abdo E. Kardous Regional President (Middle East) | | | | | 1,170,000(3) | | | | | | 507,518 | | | | | | — | | | | | | 1,677,518 | | |
Todd Weintraub Chief Financial Officer | | | | | 1,020,000(4) | | | | | | 861,951 | | | | | | — | | | | | | 1,881,951 | | |
Name | | | Company RSUs | | | Company DSUs | | ||||||
Raouf S. Ghali | | | | | 182,926 | | | | | | 854,182 | | |
Abdo E. Kardous | | | | | 149,270 | | | | | | — | | |
Todd Weintraub | | | | | 44,716 | | | | | | 208,799 | | |
Name | | | Cash ($) | | | Equity ($)(2) | | | Perquisites/ Benefits ($) | | | Total ($) | | ||||||||||||
Raouf S. Ghali President and Chief Executive Officer | | | | | 1,850,000(1) | | | | | | 3,526,167 | | | | | | — | | | | | | 5,376,167 | | |
Abdo E. Kardous Regional President (Middle East) | | | | | 1,170,000(3) | | | | | | 507,518 | | | | | | — | | | | | | 1,677,518 | | |
Todd Weintraub Chief Financial Officer | | | | | 1,020,000(4) | | | | | | 861,951 | | | | | | — | | | | | | 1,881,951 | | |
Name | | | Company RSUs | | | Company DSUs | | ||||||
Raouf S. Ghali | | | | | 182,926 | | | | | | 854,182 | | |
Abdo E. Kardous | | | | | 149,270 | | | | | | — | | |
Todd Weintraub | | | | | 44,716 | | | | | | 208,799 | | |
Name | | | Cash ($) | | | Equity ($)(2) | | | Perquisites/ Benefits ($) | | | Total ($) | | ||||||||||||
Raouf S. Ghali President and Chief Executive Officer | | | | | 1,850,000(1) | | | | | | 3,526,167 | | | | | | — | | | | | | 5,376,167 | | |
Abdo E. Kardous Regional President (Middle East) | | | | | 1,170,000(3) | | | | | | 507,518 | | | | | | — | | | | | | 1,677,518 | | |
Todd Weintraub Chief Financial Officer | | | | | 1,020,000(4) | | | | | | 861,951 | | | | | | — | | | | | | 1,881,951 | | |
Name | | | Company RSUs | | | Company DSUs | | ||||||
Raouf S. Ghali | | | | | 182,926 | | | | | | 854,182 | | |
Abdo E. Kardous | | | | | 149,270 | | | | | | — | | |
Todd Weintraub | | | | | 44,716 | | | | | | 208,799 | | |
| | Shares of common stock beneficially owned | | | Shares of common stock beneficially owned | | ||||||||||||||||||||
Name of Beneficial Owner | | Shares of common stock | | Percentage of Total Outstanding Common Stock (%) | | | Shares of common stock | | Percentage of Total Outstanding Common Stock (%) | | ||||||||||||||||
5% Stockholder | | | | | | | | | | | | | | | | | | | | | | | ||||
Arnaud Ajdler and Engine Capital Management | | | | 5,799,621(1) | | | | | 10.1% | | | | | | 5,799,621(1) | | | | | 10.1% | | | ||||
Global Infrastructure Solutions Inc. | | | | 5,799,621(2) | | | | | 10.1% | | | | | | 5,799,621(2) | | | | | 10.1% | | | ||||
Beryl Capital Management LLC | | | | 5,700,000(3) | | | | | 10.0% | | | | | | 5,700,000(3) | | | | | 10.0% | | | ||||
Wellington Management Company LLP | | | | 4,485,050(4) | | | | | 7.9% | | | | | | 4,485,050(4) | | | | | 7.9% | | | ||||
David L. Richter and Richter Capital LLC | | | | 2,904,105(5) | | | | | 5.1% | | | | | | 2,904,105(5) | | | | | 5.1% | | | ||||
Rutabaga Capital Management | | | | 2,890,714(6) | | | | | 5.1% | | | | | | 2,890,714(6) | | | | | 5.1% | | | ||||
Directors and Named Executive Officers | | | | | | | | | | | | | | | | | | | | | | | ||||
Raouf S. Ghali | | | | 1,513,495(7) | | | | | 2.6% | | | | | | 1,513,495(7) | | | | | 2.6% | | | ||||
Abdo E. Kardous | | | | 152,940 | | | | | * | | | | | | 152,940 | | | | | * | | | ||||
Todd Weintraub | | | | 181,568(8) | | | | | * | | | | | | 181,568(8) | | | | | * | | | ||||
David Sgro | | | | 565,044(9) | | | | | * | | | | | | 565,044(9) | | | | | * | | | ||||
Paul J. Evans | | | | 466,379(10) | | | | | * | | | | | | 466,379(10) | | | | | * | | | ||||
Grant G. McCullagh | | | | 163,200(11) | | | | | * | | | | | | 163,200(11) | | | | | * | | | ||||
James B. Renacci | | | | 165,632(12) | | | | | * | | | | | | 165,632(12) | | | | | * | | | ||||
Sue Steele | | | | 143,724(13) | | | | | * | | | | | | 143,724(13) | | | | | * | | | ||||
All current directors and executive officers as a group (10 persons) | | | | 9,337,620 | | | | | 15.7% | | | |||||||||||||||
All current directors and executive officers as a group (9 persons) | | | | 3,537,999 | | | | | 5.9% | | |
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| Schedules to the Merger Agreement | | | | |
| Company Disclosure Schedule | | | | |
| Parent Disclosure Schedule | | | | |
| Schedule 1 Specified Holders | | | | |
| Schedule A-1 Knowledge Parties of the Company | | | ||
| Schedule A-2 Knowledge Parties of Parent | | | ||
| Schedule I Governmental Consents | | | ||
| Schedule 5.19 Credit Facility Terms | | | | |
Agreement | | | Preamble | |
Alternative Acquisition Agreement | | | Section 5.3(a)(i)(D) | |
Appraisal Shares | | | Section 2.8(c) | |
Book Entry Share | | | Section 2.5(a)(i) | |
Certificate of Merger | | | Section 2.3 | |
Change in Recommendation | | | Section 5.3(a)(v) | |
Closing | | | Section 2.3 | |
Closing Date | | | Section 2.3 | |
Company | | | Preamble | |
Company Board | | | Recitals | |
Company Board Recommendation | | | Section 5.2(d) | |
Company Common Stock | | | Recitals | |
Company Copyrights | | | Section 3.8(a) | |
Company Marks | | | Section 3.8(a) | |
Company Option Grant Date | | | Section 3.5(g) | |
Company Patents | | | Section 3.8(a) | |
Company Permits | | | Section 3.11(a) | |
Company Preferred Stock | | | Section 3.5(a) | |
Company SEC Documents | | | Section 3.6(a) | |
Company Stock Certificate | | | Section 2.5(a)(i) | |
Company Stockholder Approval | | | Section 3.3(a) | |
Company Stockholder Meeting | | | Section 3.3(a) | |
Company Trade Secrets | | | Section 3.8(i) | |
Compensatory Award Payments | | | Section 2.7(a) | |
Consent | | | Section 3.4 | |
Continuing Employee | | | Section 5.8(a) | |
Current Premium | | | Section 5.10(a) | |
Delaware Courts | | | Section 8.5(b) | |
DGCL | | | Recitals | |
Divestiture Action | | | Section 5.4(c) | |
Effective Time | | | Section 2.3 | |
Employment Laws | | | Section 3.15(a) | |
End Date | | | Section 7.1(b) | |
Excluded Share | | | Section 2.5(a)(i) | |
Facility Security Clearances | | | Section 3.24(f) | |
HCERA | | | Section 3.14(k) | |
Agreement | | | Preamble | |
Healthcare Reform Laws | | | Section 3.14(k) | |
Indemnified Party | | | Section 5.10(b) | |
International Plan | | | Section 3.14(a) | |
International Sales Agreements | | | Section 3.11(e) | |
Intervening Event | | | Section 5.3(b)(ii) | |
Lease | | | Section 3.9(b) | |
Leased Real Property | | | Section 3.9(b) | |
Leases | | | Section 3.9(b) | |
Material Contract | | | Section 3.10(b) | |
Material Lease | | | Section 3.9(b) | |
Merger | | | Recitals | |
Merger Consideration | | | Section 2.5(a)(i) | |
Merger Sub | | | Preamble | |
Merger Sub Board | | | Recitals | |
NDAA | | | Section 3.24(f) | |
Notice Period | | | Section 5.3(b)(i) | |
NYSE | | | Section 3.6(e) | |
OFAC | | | Section 3.25(a)(i) | |
Original Agreement | | | Recitals | |
Original Agreement Date | | | Recitals | |
Parent | | | Preamble | |
Parent Board | | | Recitals | |
Parties | | | Preamble | |
Party | | | Preamble | |
Paying Agent | | | Section 2.6(a) | |
Payment Fund | | | Section 2.6(a) | |
Payoff Letter | | | Section 5.13 | |
PPACA | | | Section 3.14(k) | |
Personnel Security Clearances | | | Section 3.24(g) | |
Privacy and Data Security Policies | | | Section 3.26(a) | |
Proxy Statement | | | Section 3.18 | |
Sanction Laws | | | Section 3.25(a)(i) | |
SDN List | | | Section 3.25(a)(ii) | |
Security Incident | | | Section 3.26(c) | |
Superior Proposal Notice | | | Section 5.3(b)(i) | |
Surviving Corporation | | | Recitals | |
Termination Fee | | | Section 7.3(b) | |
Third Party IP Assets | | | Section 3.8(g) | |
Withholding Party | | | Section 2.10 | |