PHILADELPHIA and TOLEDO, Ohio, Dec. 06, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE: HIL ), the global leader in managing construction risk, announced today that it has been awarded a contract from the U.S. General Services Administration (GSA) to manage the modernization of the James M. Ashley and Thomas W.L. Ashley U.S. Courthouse in Toledo, Ohio. The two-year contract has an estimated value to Hill of approximately $2.2 million.
The Ashley U.S. Courthouse is home to the Northern Ohio District of the United States District Courts and other building tenants. The building was originally built in 1932 and was named for two former Ohio Congressmen, James M. Ashley and his great grandson Thomas W.L. Ashley. The 92,000-square-foot building, which is listed on the National Register of Historic Places, was designed in the Beaux Art Classicism style of architecture.
When complete, the $104 million modernization and restoration of the existing historic building will include infrastructure improvements and security enhancements. The project also includes construction of a new 96,000 square-foot annex, which will allow judiciary growth.
“We are honored that GSA has once again turned to Hill to help manage one of their most important courthouse projects,” said Vic Spinabelli, Jr., P.E., LEED AP, Senior Vice President in charge of Hill's project management operations in Western Pennsylvania and Ohio. “We are very excited to be part of this historic modernization project,” added Spinabelli.
Hill International, with 4,400 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the eighth largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com .
Certain statements contained herein may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any projections of revenues, earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.
Hill International, Inc. John P. Paolin Senior Vice President of Marketing and Corporate Communications (215) 309-7710 johnpaolin@hillintl.com
The Equity Group Inc. Devin Sullivan Senior Vice President (212) 836-9608 dsullivan@equityny.com
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