04-01-2019 Alleghany Capital Corporation Announces IPS's Investment In The Cardinal Group
Alleghany Capital Corporation ("Alleghany Capital"), a wholly-owned subsidiary of Alleghany Corporation, today announced that its subsidiary, IPS-Integrated Project Services, LLC ("IPS"), a leading provider of design, engineering, procurement, construction management, and validation ("EPCMV") services for the biotechnology and pharmaceutical industries, has reached a definitive agreement to acquire a majority interest in The Cardinal Group, Inc. ("Cardinal" or the "Company").  Headquartered in Woburn, Massachusetts, Cardinal provides construction management services to the life science and healthcare markets in the Northeastern United States.  "We are thrilled to partner with Bill Held, Cardinal's Founder and President, as well as his strong leadership team and exceptional staff, to provide our unique brand of technology-based EPCMV services to clients in the greater New England area," said Dave Goswami, President and Chief Executive Officer of IPS.  "With Bill and his...