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HC2 Portfolio Company DBM Global Inc. Announces Transactions Designed to Create Comprehensive Platform to Design, Build and Manage Structural Building Projects
HC2 Portfolio Company DBM Global Inc. Announces Transactions Designed to Create Comprehensive Platform to Design, Build and Manage Structural Building Projects.
About this update from Dbm Global Inc
[{"type":"text","content":"\n\n NEW YORK, Oct. 11, 2016 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2”) (NYSE MKT:HCHC), a diversified holding company, announced today that its operating subsidiary DBM Global Inc. (“DBM Global”) (OTC:DBMG), a family of companies providing fully integrated structural and steel construction services, has entered into an agreement to acquire the detailing and Building Information Modeling (“BIM”) management business of PDC Global Pty Ltd. (“PDC”), a highly experienced global engineering design, detailing and 3D BIM Management company.  DBM Global also announced that it has entered into a sales purchase agreement to acquire BDS VirCon, a leading global steel and rebar detailing and BIM firm. The transactions are expected to close during the fourth quarter of 2016. Financial terms were not disclosed.\n PDC is a highly experienced global engineering design, detailing and 3D BIM management company.  Since its establishment in 1972, PDC has grown from a team of three to a global company with more than 400 detailing and 3D BIM personnel across offices in Australia, the Philippines and North America.  The company has 40 years of experience in the resources, commercial and utilities sectors and has built its reputation on listening to clients, being responsive to their needs, being innovative, delivering relevant solutions and creating ongoing partnerships. “Through the acquisition of PDC’s detailing and BIM lines of business, which will operate under the name PDC Operations (Australia) Pty Ltd, and of BDS VirCon, DBM Global now provides a uniquely comprehensive set of services to design, build and manage steel construction projects,” said Rustin Roach, President and Chief Executive Officer of DBM Global.  \"We are pleased to welcome our new colleagues around the world.  Together, we are creating a synergistic platform of companies that offer structural building solutions for our clients inclusive of design services, BIM and virtual construction services, fabrication and erection services, as well as asset management solutions for building owners.  By growing and diversifying our scope of services, we are able to offer a much larger total value proposition to our customers, which in turn, strengthens our ability to continue driving value f...