The Companies of Nassal is Acquired by PCL Construction to Meet Evolving Needs of the Industry
ORLANDO, FLORIDA. (May 22, 2023) – The Companies of Nassal is excited to announce they have been acquired by PCL Construction to meet the evolving needs of clients in the entertainment, cultural, hospitality and gaming market sectors. Guest engagement is at an all-time high. Entertainment and hospitality industry clients are bringing experiences that only […]
ORLANDO, FLORIDA. (May 22, 2023) – The Companies of Nassal is excited to announce they have been acquired by PCL Construction to meet the evolving needs of clients in the entertainment, cultural, hospitality and gaming market sectors.
Guest engagement is at an all-time high. Entertainment and hospitality industry clients are bringing experiences that only exist in a digital space into the physical space through immersive experiences that connect guests to the story in a more impactful way. This requires specialized construction that gives authenticity to the environment, a field in which PCL and Nassal specialize. To respond quickly to the nearly 10% anticipated market growth over the next several years, long term partners, and entertainment and hospitality experts, PCL and Nassal are joining forces to maximize scalability and efficiencies to deliver greater speed to market for our clients across the globe.
“The cultural similarities of our companies and long history working for the same clients and in the same markets are part of what makes this a natural fit,” says William P. Nassal, Partner at Nassal. “In joining the companies together, we’re creating a superpower resource for our clients in the construction of specialty and themed environments and experiences globally.”
PCL and Nassal have a long-standing business relationship that began nearly 20 years ago with the development of a themed children’s play area for a major theme park in Orlando, Florida. Since that time, they have worked together on over 35 projects across North America, delivering immersive, themed experiences that connect guests to a story and engage and delight.
“We are proud to add The Companies of Nassal to PCL,” says Deron Brown, PCL president and chief operating officer, U.S. operations. “Acquisitions are rare for PCL and only considered if they are strategically aligned with the company’s goals and beneficial to our shareholders. However, after years of working together, it’s clear that our business cultures are well-aligned. This partnership presents an opportunity for us to enhance the value we offer our clients with an additional layer of expertise. It’s an exciting step for our organization and we look forward to continuing to serve our clients with even greater capabilities.”
PCL and Nassal will operate separately under the acquisition. Nassal will continue to execute on its current growth strategy under its existing leadership and management teams. The Nassal identity, market positioning and business plan will remain unchanged. nFusion, a delivery solutions group that provides management services and specialty construction design as part of Nassal’s suite of services, will also remain a part of the portfolio and remain unchanged.
The purchase enables Nassal to continue to expand their portfolio of clients by delivering award-winning attractions, destinations, and experiences globally under the support and operational expertise of PCL.
Since 1984, The Companies of Nassal has been one of the largest leading specialty theming fabricators and program managers, focusing on award-winning rockwork and fabrication for theme parks, cultural experiences, hospitality, zoos, aquariums, and other culturally relevant immersive environments. With locations in Orlando and Los Angeles, our bi-coastal personnel, craftsmen and artisans work together cooperatively and cohesively to deliver award-winning destinations around the globe. www.companiesofnassal.com [companiesofnassal.com]
About PCL Construction
PCL is a group of independent construction companies that carries out work across the United States, Canada, the Caribbean, and in Australia. These diverse operations in the civil infrastructure, heavy industrial, and buildings markets are supported by a strategic presence in more than 30 major centers. Together, these companies have an annual construction volume of more than $6 billion USD, making PCL one of the largest contracting organizations in North America. Watch us build at www.pcl.com.