M&A Deal Summary

Shikun & Binui Acquires Infrastructure and Industrial Constructors USA

On February 18, 2019, Shikun & Binui acquired construction company Infrastructure and Industrial Constructors USA from FdG Associates

Acquisition Highlights
  • This is Shikun & Binui’s 1st transaction in the Construction sector.
  • This is Shikun & Binui’s 1st transaction in the United States.
  • This is Shikun & Binui’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-02-18
Target Infrastructure and Industrial Constructors USA
Sector Construction
Buyer(s) Shikun & Binui
Sellers(s) FdG Associates
Deal Type Add-on Acquisition

Target

Infrastructure and Industrial Constructors USA

Pittsburgh, Pennsylvania, United States
Infrastructure and Industrial Constructors USA LLC (i+iconUSA) is a family of diversified heavy-civil and industrial construction companies recognized for safe and innovative infrastructure solutions. The origins of i+iconUSA date back to 1947 with the founding of Joseph B. Fay Company (Fay) operating primarily in the Mid-Atlantic States. Since that time by pursuing its strategy of creating value for employees, clients, and other stakeholders, i+iconUSA has grown and expanded through acquisition and organic means. i+iconSOUTHEAST, which began operations in 1982, focuses on the geographical region from southern Virginia through Florida and into the Caribbean.

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Buyer(S) 1

Buyer

Shikun & Binui

Airport City, Israel
Category Company
Founded 1920
Sector Construction
Employees6,948
Revenue 8.2B ILS (2023)
DESCRIPTION

Shikun & Binui is an infrastructure and real estate group involved in large-scale projects in Israel and abroad. Shikun & Binui was founded in 1920 and is based in Airport City, Israel.

DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

FdG Associates

New York, New York, United States

Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

FdG Associates is a private equity firm that looks to invest in middle market companies valued between $40 and $150 million. FdG prefers investment candidates located in the US or Canada exhibiting significant growth potential. Sectors of interest include business and financial services, consumer products, consumer services, value-added distribution, light manufacturing, and retail. FdG's target equity investment size is $15 to $50 million. Prospective transaction types include recapitalizations, management buyouts, growth financings, and industry consolidations. FdG Associates was formed in 1995 and is based in New York City with an additional office in Los Angeles.

DEAL STATS #
Overall 13 of 13
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Pennsylvania) 2 of 2
Country (United States) 13 of 13
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-29 The Hercules Tire & Rubber

Findlay, Ohio, United States

Hercules is a marketer and distributor of Hercules branded tires and other internationally known independent tire brands to retail and wholesale customers across the United States, Canada and in 100 countries around the world.

Sell $310M
Mergr

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