EEI Corporation Announces Change in Ownership Following Management Buyout

​Leading construction firm EEI Corporation, in a disclosure to the Securities and Exchange Commission and the Philippine Stock Exchange, officially announced a management buyout by its President and CEO, Henry D. Antonio.

​The management company controlled and led by Antonio is acquiring the 20% share of RYM Business Management.

This acquisition marks a new era for the 93-year-old company, reinforcing its commitment to excellence, innovation, and industry leadership. The deal underscores Antonio’s deep understanding of EEI’s operations and long-term confidence in its mission, values, and potential for growth.

“We have spent a lot of effort in the past two years restructuring the company following the devastating impact of the pandemic and I believe we’ve made progress in this area. I also see opportunities for us to make serious headway in transforming the business and diversifying into sectors such as real estate development and power. This management buyout underlines our belief in EEI’s overall growth potential. It will also provide us with a very direct impact on our own future as an organization,” Antonio explained.

Antonio emphasized EEI’s steadfast dedication to mutual progress.

“This is an exciting new phase for EEI. We will be looking for further opportunities for our own employees to acquire more shares in the company so that they too can also have a significant stake in its future. We have a competent and committed team, and we will continue to work hard to achieve inclusive growth for all our stakeholders,” Antonio said.

The buyout builds upon EEI’s strong legacy, ensuring that its core principles remain intact while meeting the demands of a dynamic construction industry. Antonio’s ownership and leadership are expected to further drive the company while staying true to its mission of forging partnerships that build success.