FdG Associates has sold i+iconUSA to Shikun & Binui
FdG Associates has sold Infrastructure & Industrial Constructors USA (i+iconUSA) to Shikun & Binui America (SBA), the North American construction arm of Shikun & Binui (S&B).
i+iconUSA is a diversified heavy civil and industrial construction services platform operating in the Eastern United States that offers a range of self-perform capabilities, including structures, marine, demolition, roadwork, utilities, earthwork, foundations and pilings.
Headquartered in Coral Gables, Florida, SBA works on complex construction projects, specializing in private-public-partnership opportunities throughout the US. SBA is the North American construction arm of S&B, a publicly traded Israeli infrastructure and real estate company that generates more than US$1.5 billion in annual revenue. The acquisition of i+iconUSA provides S&B with an established self-perform construction platform with a strong reputation and experienced team to support its long-term strategy to develop an entrenched presence in the US market.
Based in New York, FdG Associates is a private equity firm that focuses on the lower middle-market.
One of Oaklins’ teams in the USA advised i+iconUSA in this transaction.
Talk to the deal team
James S. Grien
Oaklins TM Capital
Related deals
Den Berk Délice accelerates growth through strategic partnership
Den Berk Délice, a leading Belgian grower of specialty tomatoes, has entered a strategic partnership with Egeria, an independent investment firm, to realize its next growth phase.
Learn moreTekova Oyj has completed a technical listing on the Nasdaq First North Growth Market Finland
Tekova Oyj has successfully completed a technical listing (IPO) on the Nasdaq First North Growth Market Finland. This transaction marks a significant milestone in the company’s growth strategy, enhancing its visibility and access to capital markets.
Learn moreMark Climate Technology has acquired Heber GmbH
Heber GmbH has been acquired by Mark Climate Technology, a specialist in climate control systems and a portfolio company of Bolster Investment Partners. This partnership strengthens the positions of both companies in the global market for innovative and sustainable climate solutions, as well as creating unique synergies. Mark Climate's expertise in standardized, scalable solutions is enhanced by Heber's emphasis on customer-specific customization.
Learn more