Hill International, Inc. (HINT) Acquires Majority Stake in Gerens Management Group
Hill International (HINT) has recently acquired 60% of the outstanding capital stock of Gerens Management Group, S.A., a company headquartered in Madrid, Spain with additional offices in Barcelona and Cancun, Mexico. Gerens provides project management services on major construction projects throughout Spain, Western Europe and Latin America including residential, commercial, healthcare, retail and leisure, infrastructure, and hotel and resorts. Projects handled by Gerens include the Ciudad Real Airport, the Caja Madrid headquarters building, the new Toledo Hospital, and the 300 Mayakoba Resorts in Mexico’s Rivera Maya. Hill co-founded Gerens in 1998 but divested its minority stake in the company in…