RCM Technologies makes acquisition
RCM expects the purchase of Point Comm to complement and expand RCM’s Engineering Services Offerings and provide customers with a stronger depth of experienced engineering resources.
“We are very pleased to welcome Point Comm into the RCM family,” commented Rocco Campanelli, president and CEO of RCM. “We believe this acquisition will competitively strengthen RCM as a premier single-source provider of engineering and technology solutions, having a strong customer focus and offering an integrated suite of services. We plan to couple the latest design tools and software with a talented and motivated team, including Point Comm’s senior engineers with over 20 years of experience in design, engineering and commissioning.”
Point Comm provides comprehensive design and engineering of substations at any voltage level, system studies, 3D implementation, site commissioning, project management, consulting and site management. With approximately fifteen employees in Canada and teaming arrangements with subcontractors in Europe and India, the acquisition brings RCM an even bigger global footprint in the engineering arena. Point Comm’s 2014 revenues, on an annualized basis through July 31, wereapproximately $1.9 million.
The RCM engineering division’s core business mission is to continue its strategic transformation
designed to focus on providing our customers complete engineering, procurement and construction
(EPC) solutions. In acquiring Point Comm, RCM has added a foundational technology layer to its
already strong and diverse engineering group, whose role significantly expands RCM’s architecture
and civil/structural capability in addition to providing a very formidable mechanical, electrical and
instrumentation and control capability.
Campanelli said, “Across North America utilities are investing billions of dollars to improve reliability
and upgrade the transmission and distribution system. As demonstrated through this acquisition we are
implementing our strategy to expand our footprint and T&D capabilities to address those growing
Predrag Stojkovic, President of Point Comm said: “By joining RCM, we gain strong leadership, vast
experience, rapid scalability and international delivery that will help us meet client needs. RCM will
allow us to distinguish ourselves as a leader in the engineering marketplace.”