MARLTON, N.J. and BOSTON, Jan. 7, 2014 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has acquired Collaborative Partners, Inc., a firm that provides project management, strategic planning and regulatory services for healthcare, life sciences, educational, commercial and residential construction projects throughout New England. Collaborative Partners, which has 20 professionals, has offices in Boston, Massachusetts and Providence, Rhode Island. Terms of the transaction were not disclosed.
"Our merger with Hill takes us to another level in the New England market," said Jack C. Hobbs, FAIA, formerly Chief Executive Officer of Collaborative Partners and now Hill's Senior Vice President and New England Regional Manager. "We will access additional sectors including horizontal construction, mass transit, and airport project management and we will better serve our clients with the addition of in-house expertise in cost estimating and claims consulting," added Hobbs.
Also continuing with Collaborative Partners will be principals Donna Camiolo and Joseph Naughton, now both Vice Presidents with Hill. Going forward, Collaborative Partners will operate under the Hill International brand name."We are excited by the combination of our two firms and the opportunity to expand Hill's operations in New England," said David L. Richter, Hill's President and Chief Operating Officer. "Collaborative Partners has an outstanding group of professionals providing excellent services to their clients and we welcome them to the Hill team," added Richter. Collaborative Partners has more than 30 years of experience guiding construction projects to successful completion. The firm works collaboratively with clients, providing strategic insight and planning from a project's inception through every stage of the design and building process. For more information on Collaborative Partners, please visit their website at www.cpopm.com . Hill International, with 4,000 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the 9th 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 herein 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, the matters set forth herein including, but not limited to, any projections of revenues, 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 to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere 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.