DENVER, Dec. 20, 2010 /PRNewswire/ -- ARCADIS (EURONEXT: ARCAD), the international design, consulting, engineering and management services company, today announced that it has acquired Rise International, L.L.C. (Rise), a Chicago based program and project management consulting firm that serves clients across a broad range of sectors. Rise, now a wholly-owned subsidiary of ARCADIS U.S., has more than 180 employees and gross revenues of approximately $40 million. Further financial details were not disclosed.
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Rise, founded in 1997, is headquartered in Chicago, Illinois, with regional offices in Anchorage, Alaska and Boston, Massachusetts and has project offices across the United States and internationally. The company currently manages over $10 billion in programs and projects, including public facilities for governments and agencies in the greater Chicago metropolitan area and other municipalities, infrastructure, water management, housing and transportation, higher education, cultural facilities and healthcare, as well as corporate and private developments.
"The acquisition of Rise offers ARCADIS a tremendous opportunity to expand our program and project management capabilities in the United States, especially in light of the ongoing consolidation of the sector," said Steve Blake, CEO of ARCADIS U.S. and member of ARCADIS' Executive Board. "The expanded geographic reach, together with the depth of experience in our combined teams, will significantly enhance our leadership position in program and project management, also resulting in synergies with our other operations, both inside and outside the United States."
Rise is currently ranked 25th on Engineering News Record's ("ENR") Top 50 Program Management listing.
Leif Selkregg, CEO and Co-founder of Rise, added: "We are excited about our future with ARCADIS which will continue to build upon our passion for delivering comprehensive best practice program and project management services across North America as well as provide an exciting platform for working with our current and future clients globally."
For more information, please contact Jeanna Blatt at 303.471.3485, or outside office hours at 303.910.6504 or via email [email protected]
About ARCADIS:
ARCADIS is an international company providing consultancy, design, engineering and management services in infrastructure, water, environment and buildings. We enhance mobility, sustainability and quality of life by creating balance in the built and natural environment. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With 15,000 people and more than $2.4 billion in revenues, the company has an extensive international network supported by strong local market positions. ARCADIS supports UN-HABITAT with knowledge and expertise to improve the quality of life in rapidly growing cities around the world. Please visit: www.arcadis-us.com
About Rise:
Rise is an international program management, project management, strategic planning and technical advisory services company whose mission is to help clients deliver exceptional capital improvement projects and major infrastructure programs. Working collaboratively with public, private and institutional clients, Rise applies leadership, industry knowledge, process expertise and customized control systems to deliver solutions to tough challenges. Headquartered in Chicago, Illinois, Rise is leading programs across North America and internationally.
SOURCE ARCADIS
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