Infrastructure Corporation of America has acquired Florence & Hutcheson, Inc.
Signal Hill Capital Group LLC served as exclusive financial advisor to Infrastructure Corporation of America (ICA) in connection with its acquisition of Florence & Hutcheson, Inc. (F&H). Financing for the transaction was provided by Regions Bank and Triangle Capital Corporation.
ICA is the country’s leading provider of performance-based highway asset maintenance management services. ICA enters into long-term contracts with governmental and transportation agencies to maintain highways, roads, bridges, traffic control equipment, weigh stations, rest areas, toll booths, and transportation related facilities. By integrating the principles of solid business management, technology, and engineering, ICA offers improved transportation infrastructure and proven cost savings of 10-20% on current maintenance expenditures. ICA was founded in 1998 and is based in Brentwood, Tennessee with regional offices in Florida, Texas, Virginia, and South Carolina. For more information on ICA, please visit www.ica-onramp.com.
F&H provides civil engineering and environmental management services in the United States with a primary focus on transportation and civil infrastructure engineering. Its engineering services include transportation project planning and implementation, traffic engineering, roadway design, bridge design, and associated support services. It serves federal, state, county, and municipal agencies, as well as industrial and commercial clients. The company was founded in 1965 and operates from its Paducah, Kentucky headquarters, with additional offices in 10 other states, primarily in the Southeastern U.S. For more information on F&H, please visit www.flohut.com.