Contact: Shelby Ferber
FOR IMMEDIATE RELEASE
IBC GROUPS MERGES WITH IMPRESA PIZZAROTTI, FORMING PIZZAROTTI IBC
March 26th, 2015– IBC Groups (New York, NY) is pleased to announce their recent merger with Impresa Pizzarotti (Parma, Italy), forming Pizzarotti IBC LLC — a new Construction Management and General Contractor firm serving New York City and the surrounding Tri-State area.
The company, formed by Rance MacFarland and Frank DeGrande (Principals, IBC Groups) and Giuseppe Maretti, Giorgio Cassina and Pietro Pizzarotti (Board of Directors, Impresa Pizzarotti) will allow Impresa Pizzarotti a platform from which to begin working in the New York construction market, while providing IBC Groups unprecedented “open shop” building capacity.
“It is the perfect time for a consolidation of this kind.” says President Frank DeGrande. “We couldn’t be happier with our new partners along with our shared values and industry vision.”
The consolidation will give Pizzarotti IBC the opportunity to stand apart from many other General Contractors and Construction Management Firms in the Tri-State Area as Pizzarotti IBC LLC will operate with a $10M line of credit and $400M in bonding capacity.
IBC Groups has deep roots in the New York construction market, having strong relationships with NYBC (New York Building Congress), REBNY (Real Estate Board of New York) and AIANY (American Institute of Architects NY).
Impresa Pizzarotti, formed in 1910, is currently one of the main civil construction companies in Italy with an average turnover of more than $1.5 billion per year. Their main activities include Infrastructures, Civil Building, Pre-casting, Healthcare, Residential, Hotels and Luxury Buildings throughout Europe and the Middle East. Impresa Pizzarotti has a current construction backlog of $4.9 Billion and $7.6 Billion Concessions (recurring real estate development revenue).
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For more information please contact Shelby Ferber at (813)362-5592 or firstname.lastname@example.org