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TheStreet Open House

Hill International Acquires South Africa's Binnington Copeland & Associates

Stocks in this article: HIL

MARLTON, N.J. and JOHANNESBURG, South Africa, May 31, 2013 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has acquired Binnington Copeland & Associates (Pty.) Ltd. (BCA), a South African firm that provides commercial and contractual consulting and training services to the construction industry. The firm, headquartered in Johannesburg, has 25 professionals and annual revenue of approximately $5 million. Terms of the transaction were not disclosed.

"We have been considering an expanded presence in South Africa for some time to better serve our growing list of clients in Sub-Saharan Africa," said Frederic Z. Samelian, PMP, MCIArb, President of Hill's Construction Claims Group. "BCA, which previously had a longstanding cooperation agreement with our UK subsidiary Knowles, proved to be the most natural fit. Since we have been working together for over 20 years, we anticipate a seamless integration of our combined professional resources. Our local clients in South Africa, along with foreign companies with projects in South Africa, will benefit by having immediate access to all of Hill's worldwide capabilities as a result of this acquisition," added Samelian.

"BCA will continue to offer its traditional services to clients, including commercial and contractual advisory services, construction claims support and all forms of alternative dispute resolution including adjudication and arbitration," said Chris Binnington, Pr.Eng., BCA's Managing Director. "Key areas which we intend to develop in conjunction with Hill include expert witness services and forensic planning, where there is a shortage of resources in this country, as well as expansion into other countries in the Sub-Saharan region," added Binnington.

Binnington also said that, "the acquisition will add to BCA's ability to find experts in any discipline and extend our service to clients wherever in the world they may be working. South African companies have been exporting their skills increasingly beyond our borders and have to cope with challenging conditions in which they are competing with established international organizations. Hill's unmatched global footprint means that we can offer our clients local knowledge and international expertise to effectively manage their risks."

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