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Private Equity | Construction & Engineering Services

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.

Service
M&A sell-side
Parties

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 Jarrad  Zalkin

Jarrad Zalkin

Managing Director

Boston, United States
Oaklins TM Capital
 James S. Grien

James S. Grien

Managing Director

Atlanta, United States
Oaklins TM Capital

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