Wednesday, May 22, 2024

PCL acquires The Companies of Nassal

PCL Construction Enterprises has announced the acquisition of The Companies of Nassal to meet the evolving needs of clients in the entertainment, cultural, hospitality and gaming market sectors. Nassal is a leading global specialty theming fabricator and program manager that provides fabrication and installation of immersive environments for theme parks, cultural experiences, hospitality, zoos and aquariums, and other themed environments.

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 projected nearly 10% market growth, 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.

“We are proud to add The Companies of Nassal to PCL,” said 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 Construction and Nassal have a long-standing business relationship that began 20 years ago with the development of a themed children’s play area for a major amusement park in Orlando, Florida. Since then, the organizations have delivered immersive, themed experiences that connect guests to stories on over 35 projects across North America.

“The cultural similarities of our companies and long history working for the same clients and in the same markets is part of what makes this a natural fit,” said William Nassal, partner of The Companies of 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 Construction 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.

The purchase enables Nassal to take on more work than ever before and have greater access to global supplies through PCL’s purchasing power. Additionally, PCL can offer entertainment and hospitality clients enhanced options for a more streamlined construction approach, early budgeting, greater scalability across the globe and speed to market.

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