BDO Capital Advises FIP Construction, Inc. on the sale to a newly formed ESOP

Farmington, CT – July 31, 2023 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of FIP Construction, Inc. (FIP, or the Company) to an Employee Stock Ownership Plan. BDO Capital served as exclusive financial advisor to FIP (Focused Innovative Proven) on this transaction, which builds on the firm’s robust ESOP Advisory experience in the architecture, engineering and construction sector.

Founded in 1963 and headquartered in Farmington, CT, FIP is a full-service construction manager that has successfully completed a wide variety of complex projects throughout the Northeast. FIP has delivered consistent revenue and profitability across market cycles due to their focus on the education and healthcare industries. FIP’s skilled project workforce consistently upholds the Company’s core philosophy of living up to its commitments – resulting in a very high level of quality and service.