LiRo Group of Syosset acquires 3 Boston design/engineering firms
Syosset-based LiRo Group has been involved in construction management work for Stony Brook University Hospital's Medical and Research Translation Building. Credit: The LiRo Group/Christopher Swann
The LiRo Group, a Syosset-based national construction management, architecture and engineering company, has completed the acquisition of three affiliated Boston-based design and engineering firms to expand its presence in medical projects.
LiRo, which has 770 employees on Long Island and more than 900 employees nationally, bought DiGiorgio Associates Inc., DAI Inc. and Monitor Builders Inc., three companies that focus on the architectural design of health care facilities. The purchase price for the firms was not disclosed.
“LiRo’s acquisition of DAI and MBI marks our strong entry into the New England market and augments our health care and life sciences expertise nationwide,” Luis M. Tormenta, president and chief executive of LiRo, said in a statement. “It is an important step in the ongoing strategic expansion of our firm that aims at providing complete construction, engineering, architecture, and technology services to both public and commercial clients.”
Founded in 1983, LiRo works with property owners and general contractors to manage construction projects and design buildings. Roughly 85 percent of the company's work comes from government contract work, said Michael Burton, senior vice president and national operations manager for LiRo.
“The company has always had a presence on the engineering and construction management side of the health care field," Burton said. The purchase "allows us to enter in a fairly big way into the architectural health care market. It really completes our tool kit.”
The acquisition adds 30 employees to the company's operations.
Separately, LiRo recently purchased the assets of Mineola-based Bowne Management Systems Inc. and Sidney B. Bowne & Son LLC, two engineering consultancies working in the geographical information systems and information technology industries.
The LiRo Group provided design and construction management services for the reconstruction of the Long Beach boardwalk following superstorm Sandy. Credit: The LiRo Group
LiRo, with revenue of more than $400 million, has worked on a number of high-profile projects, including ongoing construction management work on Stony Brook University Hospital's $375 million Medical and Research Translation Building (MART).
Last year, the firm was contracted by the Town of Babylon to oversee all the town’s superstorm Sandy recovery projects. Previously, LiRo had been involved in overseeing the replacement of the Long Beach boardwalk.
