EEI Corp., a leading construction firm with a 93-year legacy, has announced a management buyout led by its president and chief executive officer, Henry D. Antonio.
The company recently disclosed to the Securities and Exchange Commission and the Philippine Stock Exchange that Antonio’s management company will acquire a 20 percent stake in RYM Business Management.
This strategic move marks a pivotal shift for EEI, positioning it for further growth and diversification. The buyout highlights Antonio’s strong belief in the company’s future, drawing on his deep knowledge of its operations and a commitment to long-term success.
“We’ve worked diligently over the past two years to restructure the company, recovering from the pandemic’s impact. We’re now looking to make significant progress in diversifying into new sectors like real estate and power,” Antonio shared.
The buyout, which reflects EEI’s potential for sustained growth, will also provide an opportunity for employees to play a more significant role in the company’s future. Antonio said the firm’s dedication to inclusive growth. “We are actively exploring ways for our employees to acquire more shares in the company. We have a talented and committed team, and we are focused on achieving growth that benefits all stakeholders,” he said.
As EEI continues to build on its strong legacy, Antonio’s leadership is poised to drive the company forward while preserving its core values. The deal underscores EEI’s readiness to meet the challenges of a rapidly evolving construction industry, ensuring the firm remains a leader in its sector.
