GVA - Mergers and acquisitions

Granite (NYSE:GVA) today announced that it has completed the acquisition of Kenny Seng Construction, strengthening Granite's vertically-integrated construction and construction materials platform in Utah. Acquisition Highlights Expands Granite's vertically-integrated home market in Utah, enhancing its construction and materials presence in a high-growth region. Adds end-to-end construction capabilities, including earthwork and site preparation, concrete work, utility installation, project management, aggregate production and materials processing, and transportation. Provides exposure to resilient end markets including revenue from education infrastructure, civil infrastructure, a

Acquisition strengthens vertically integrated home market Acquisition increases Granite's materials reserves adding approximately 100 million tons of aggregate resources and an annual production volume of approximately 975,000 tons Acquisition is complementary to Granite's existing operations in northern Nevada A Granite (NYSE:GVA) subsidiary, Centennial Aggregate Inc. has acquired Cinderlite Trucking Corporation ("Cinderlite"), a leading construction materials, landscape supply, and transportation company in Carson City, Nevada. "I am happy to announce the acquisition of Cinderlite," says Granite President and CEO, Kyle Larkin. "It is a great construction materials business

Acquisition adds three sand and gravel pits and four asphalt plants to Granite's southeast home market, extending footprint to serve central and southern Mississippi. Granite Construction Incorporated (NYSE:GVA) today announced it has completed the acquisition of Dickerson & Bowen, Inc. ("D&B"), a leading regional aggregates, asphalt, and highway construction company serving central and southern Mississippi. The acquisition is a highly complementary bolt-on to the company's 2023 acquisition of Lehman-Roberts Company / Memphis Stone & Gravel (LRC / MSG), and it builds on Granite's footprint in the Southeast serving as a growth platform in the attractive Memphis metropolitan and Mississippi

Granite (NYSE:GVA) announced today that it has completed the acquisition of Coast Mountain Resources (2020) Ltd., a construction aggregate producer based in British Columbia, Canada on Malahat First Nation land. Coast Mountain Resources operates the Bamberton Quarry on Vancouver Island, which is strategically located on the deep water of the Saanich Inlet. Granite has been a customer of the quarry due to its high-quality aggregate and strategic proximity to our home markets. "We're excited to work with the Malahat First Nation to accomplish a shared goal of managing a safe and environmentally responsible operation," said Vice President of Construction Materials Brad Estes. "We look forwar

Centennial Asphalt Company, a wholly owned subsidiary of Granite Construction Incorporated (NYSE:GVA), has completed the purchase of a liquid asphalt terminal. The facility, located in Bakersfield, California, provides 170,000 barrels of liquid asphalt storage. "Centennial Asphalt will support customers across California," said Brad Estes, vice president of construction materials. "This liquid asphalt terminal will enhance our Home Market Strategy by expanding into high-quality polymer modified asphalt, emulsions, and neat asphalt." "Our Bakersfield terminal's central location is a huge asset for Centennial Asphalt and the asphalt market," added Rob Carter, director of asphalt and emulsio