Empresas ICA, S.A.B. de C.V. (BMV:ICA *) acquired Facchina Construction Company, Inc. for $100 million on June 26, 2014. ICA has made an initial payment of $60 million and additional payments of up to $40 million could be paid based upon the company meeting agreed EBITDA targets over the next five years through 2019, among other conditions. In 2013, FCG had revenues of approximately $230 million, EBITDA of approximately $8 million, and net income of approximately $7 million. The transaction has received all necessary U.S. regulatory approvals. Fredericks Michael & Co. Limited acted as financial advisor for Empresas ICA.

Empresas ICA, S.A.B. de C.V. (BMV:ICA *) completed the acquisition of Facchina Construction Company, Inc. on June 26, 2014.