Shikun & Binui (S&B) has announced that it will acquire Infrastructure & Industrial Constructors USA (i+iconUSA) as part of its long-term U.S. expansion strategy in the infrastructure market.

i+iconUSA will become part of Shikun & Binui America (SBA), the construction arm of S&B in the U.S. SBA currently operates in the U.S. as part of the Design-Build and Concession Joint Ventures for the US$830 million SH288 Fast Lanes Project in Houston, and is also part of consortiums that have been shortlisted for several other P3 projects in the U.S.

i+iconUSA operates through subsidiaries Fay, an i+iconUSA Company and i+iconSOUTHEAST, and has more than 70 years of heavy construction experience in Pennsylvania, Maryland, Virginia and Florida, specializing in the transportation, ports and waterways and industrial markets. S&B will leverage the integration with i+iconUSA to create high-quality partnerships that will allow it to pursue P3 projects.

i+iconUSA will become a subsidiary of SBA but will continue to operate independently. The transaction will have no impact on the location of i+iconUSA's existing offices or its workforce.