Joseph R. Loring & Associates Inc. (Loring), a leading New York City-based mechanical and electrical engineering consulting firm, has completed the first stage of a multi-year ownership and management transition plan. Under an agreement signed Sept. 15, company President Ronald W. Mineo and Vice Chairman Barry L. Maltz, will acquire the ownership interests now held by founder Joseph R. Loring. Loring continues as chairman and CEO, based in the firm’s Washington, D.C., office.

“With a clear, evolutionary transition plan in place, we are now strongly positioned to sustain the vigorous growth we have enjoyed for most of the past decade,” Mineo said. “We are now looking to broaden our client base into new areas, both geographically and professionally. At the same time, we will be exploring ways to bring other senior managers and professionals within the firm into the ownership structure.”

“Loring is going to be an exciting place to build a career, as the company’s growth creates new opportunities,” said Maltz. “Over the next few years we expect to be taking on larger and more technically challenging project assignments, particularly in the utility, heavy industrial, health care, and government areas, where our practice has been expanding very aggressively.”

Since 1956, New York City-based Joseph R. Loring & Associates Inc. has provided a full spectrum of mechanical and electrical engineering consulting services to public- and private-sector clients, on projects in every market sector ranging from high-rise office towers to embassies, state capitols, universities, performing arts centers, hospitals, air terminals, industrial facilities and power plants. During that time Loring has teamed on projects across the country and around the world, including some of the best-known projects of the 20th century. In addition to its New York City headquarters, Loring maintains full-service engineering offices in Washington, D.C.; Albany, NY; and Princeton, NJ.

Today's top stories

New Bridges Part of Iowa's $114M Madison Avenue Project

Eagle Bridge Co. Works On Final Leg of U.S. 35 Upgrade

Fay Preps Way for Pittsburgh International Airport Modernization Project

SAKAI Achieves Record Sales, Production

Takeuchi Recognizes Top Dealers at 2024 Dealer Summit

Muddy Water Dredging Christens Marlin Class Dredge

Indiana Officials Mark Start of 2024 Construction Season, Promote Safety

Leica Geosystems Launches its First Machine Smart Antenna — Leica iCON gps 120