Global Infrastructure Solutions Inc. signed agreement to merge with New York-based construction management firm, John Dionisio, the investment group's co-founder and vice chairman, told ENR.
Industry brokers say the virus has not cancelled transactions but has put the brakes on speed of completion, with valuation uncertainties; U.S. payroll loan could also complicate sales.
Design giant sees revenue drop, noting "large" claim on storm cleanup work, but cites positive earnings; CEO is quiet on reported WSP merger talks and his successor.