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ENGlobal Corp. (ENG) has signed an asset purchase agreement with PCI Management and Consulting Company, a small, privately-held engineering firm based near Chicago, Illinois. PCI, formerly known as Power Consultants, Inc., provides engineering, consulting, and project management services, specializing in projects relating to the generation, transmission and distribution of energy.
Since 1988, PCI has served clients in the energy, electric utility, and chemical industries throughout North America. The business and its personnel have an extensive project history, including steam and power generation, substation design, transmission and distribution, and fuel conversions. The Schaumburg, IL location provides ENGlobal a beachhead for expansion of its complete range of EPC services into the Midwest, a previously stated objective for the Company.
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