The merger strengthens both organizations, according to John Dionisio, GISI Vice Chairman and Co-Founder. “Rocco has led LiRo to a prominent market position in construction management, engineering and related services for institutional and public-works projects,” Mr. Dionisio said. “LiRo represents our initial building block in GISI’s new Global Engineering and Consulting Platform, and complements what we have achieved in Construction Services with STO Building Group (STOBG) which merged with us in January 2017.”
LiRo has approximately 1,000 employees and is ranked 11th on the 2019 list of top 100 construction management-for fee firms by trade journal Engineering News-Record. LiRo has worked on numerous prominent projects, including the post-9/11 rebuilding of Lower Manhattan, The Governor Mario Cuomo Bridge, East Side Access, the Jacobs School of Medicine and Biomedical Sciences at the University of Buffalo, New York City coastal resiliency, transit, terminal and other infrastructure improvements at John F. Kennedy International Airport, and High Line Park. LiRo’s industry awards include Best Transportation Project from Engineering News Record and NY/NJ Project of the Year Honorable Mention from CMAA NY/NJ for its work on the Number 7 MTA Subway Line extension.
“As with GISI’s prior mergers, LiRo will retain its brand as a way to honor its legacy,” said GISI President, CEO and Co Founder Rick Newman. “As a result of the merger, Rocco has become a substantial shareholder in GISI. His key employees join the more than 2,000 GISI employee-shareholders as partners in our enterprise. The remaining LiRo team members will have the opportunity to become shareholders, as we join together to create value for clients, fellow employees and GISI.”