DAR Investment Management Acquires Controlling Stake in Intecsa Engineering Group
DAR Investment Management (“DAR”), a private investment firm focused on strategic, long-term value creation, has announced the acquisition of a controlling interest in Intecsa Engineering Group (“Intecsa” or the “Company”). Intecsa is a globally recognized engineering and consulting firm with more than six decades of experience delivering complex transportation, water, environmental, and civil infrastructure projects across multiple continents.
As part of the transaction, Intecsa’s management team and employees will retain a significant ownership stake in the Company, reinforcing alignment between leadership, staff, and DAR’s long-term growth objectives. The partnership is designed to accelerate Intecsa’s expansion—particularly in the United States—while preserving the Company’s strong culture, technical excellence, and client-centric approach.
A Legacy of Engineering Excellence Since 1965
Founded in 1965 and headquartered in Madrid, Spain, Intecsa has built a reputation as a multidisciplinary engineering firm capable of managing and executing large-scale, technically complex infrastructure projects. Over its 60-year history, the Company has successfully delivered projects across Europe, Asia, North America, and South America, serving both public- and private-sector clients.
Intecsa’s core expertise spans transportation infrastructure, water and wastewater systems, environmental engineering, and civil infrastructure development. The Company is known for combining technical rigor with innovative problem-solving, enabling clients to navigate regulatory, environmental, and operational challenges while delivering sustainable and resilient infrastructure solutions.
Leadership Continuity and Operational Stability
A key component of the transaction is the continuity of Intecsa’s senior leadership team. Juan Diego Ibáñez López, President of Intecsa, and Héctor Eduardo di Bonaventura, Principal, will continue in their current roles, ensuring stability across operations and uninterrupted service for clients worldwide.
This continuity reflects DAR’s confidence in Intecsa’s leadership and its belief that the existing management team is best positioned to guide the Company through its next phase of growth. With DAR’s strategic and financial backing, Intecsa’s leadership will be able to pursue new opportunities while maintaining the high standards of quality and professionalism that have defined the Company for decades.
Strategic Rationale Behind the Acquisition
The acquisition marks a significant milestone in DAR’s investment strategy and underscores its conviction in the long-term growth potential of the engineering and infrastructure sector. Increased public and private investment in infrastructure—particularly in the United States—has created strong demand for experienced engineering firms capable of delivering complex, sustainable solutions.
By partnering with Intecsa, DAR aims to establish a scalable platform in the U.S. engineering and infrastructure market, leveraging Intecsa’s global experience, technical depth, and collaborative culture. The partnership positions Intecsa to capitalize on infrastructure modernization initiatives, climate resilience programs, and growing demand for sustainable transportation and water systems.
Capitalizing on U.S. Infrastructure Tailwinds
DAR sees the U.S. market as a central growth opportunity for Intecsa. Federal and state-level infrastructure programs, coupled with rising investment in sustainable and resilient infrastructure, have created favorable conditions for expansion.
“We are extremely excited about Intecsa and the engineering sector more broadly,” said Arslan Ryspekov, Managing Partner at DAR. “The strong tailwinds from increased U.S. infrastructure investment and the growing demand for sustainable infrastructure solutions present a compelling opportunity. Intecsa has built an exceptional organization with a highly experienced team, and we look forward to supporting its continued growth with our capital and strategic resources.”
DAR’s investment will provide Intecsa with the financial flexibility and strategic support needed to scale its U.S. operations, pursue new client relationships, and compete for larger and more complex projects across the country.
A Shared Vision for Growth and Innovation
From Intecsa’s perspective, the partnership with DAR represents a natural evolution in the Company’s long-term strategy. The collaboration enables Intecsa to preserve its independence and culture while gaining access to additional resources that will support expansion and innovation.
“This partnership represents a tremendous opportunity for Intecsa to build on its long-standing success,” said Juan Diego Ibáñez López, President of Intecsa. “By joining forces with DAR, we can create even greater value for our clients and our people. We have an outstanding team in place, and our focus remains firmly on delivering excellence and innovative solutions as we expand our footprint, particularly in the United States.”
Dual Growth Strategy: Organic and Inorganic Expansion
Looking ahead, DAR and Intecsa plan to grow the Company’s U.S. presence through a balanced combination of organic growth and selective strategic acquisitions.
Organic Growth Initiatives
Organically, Intecsa will continue to invest in its people, technical capabilities, and innovation platforms. This includes expanding engineering teams, enhancing digital and analytical tools, and strengthening client service across priority U.S. markets. The Company remains committed to delivering sustainable, efficient, and resilient infrastructure solutions tailored to the evolving needs of its clients.
Strategic Acquisitions
In parallel, Intecsa intends to pursue targeted acquisitions of like-minded engineering and consulting firms. These potential partners will share Intecsa’s collaborative culture, complement its technical expertise, and extend its geographic reach within the United States. Through these acquisitions, Intecsa aims to deepen sector specialization, broaden service offerings, and accelerate market entry in key regions.
Building a Leading U.S. Engineering Platform
Together, DAR and Intecsa envision the creation of a leading engineering and infrastructure platform in the United States—one that combines global experience with local market insight. The partnership is structured to support long-term, sustainable growth while maintaining the technical excellence and integrity that define Intecsa’s brand.
As infrastructure investment continues to reshape the U.S. market, the DAR–Intecsa partnership is positioned to play a meaningful role in delivering the transportation, water, environmental, and civil infrastructure projects that support economic development and community resilience for decades to come.
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