Construction Buyout Acquisitions in 2026

Kava Equity Partners, the direct private equity investment arm of the Southern Ute Indian Tribe Growth Fund, has acquired The Berg Group, a Minnesota-based specialty contractor focused on industrialized construction, prefabrication and modular systems. The Berg will retain its existing management team and operate with added resources from Kava and the Southern Ute Indian Tribe Growth Fund to expand nationwide capabilities in high-performance environments such as data centers, cleanrooms and advanced manufacturing facilities.

Groundworks, a North American foundation repair and water management company, has acquired WTX Foundation Repair of Amarillo, Texas, marking Groundworks' first entry into New Mexico and expansion in West Texas. The deal brings WTX's local foundation repair, concrete leveling, and basement waterproofing capabilities into Groundworks' platform as the team will continue serving customers under the Groundworks name.

Keller, a Kaukauna, Wisconsin–based design-build general contractor, has acquired Appleton-based Hoffman Planning, Design & Construction, Inc. Hoffman will operate as “A Keller Company” while retaining its brand and local office; leadership changes include Sam Statz moving to a business development role and Chad Ulman leading Hoffman. The combination aims to bring complementary markets and expand Keller’s project delivery and design-build capabilities while preserving operational continuity.

TopBuild has acquired Applied Coatings and Upstate Spray Foam, two Winfield, New York-based contractors that collectively generate about $20 million in annual revenue. The acquisitions expand TopBuild’s installation and specialty distribution footprint in the U.S. Northeast, strengthening its presence across New York, Pennsylvania and Massachusetts; financial terms were not disclosed.

Orion Group Holdings, Inc. (NYSE: ORN) has acquired J. E. McAmis, Inc. and JEM Marine Leasing LLC for approximately $60 million (net of cash) to expand its marine construction capabilities, including jetty and breakwater construction and strategic Jones Act assets. Consideration includes $46 million in cash, a $12 million five-year subordinated promissory note at 6% interest, $2 million in Orion common stock, plus contingent project-based payments; Orion expects the deal to be accretive to 2026 adjusted EBITDA.

DBI Consultants has acquired Minogue Associates, Inc., a Long Island–based construction consulting firm that provides valuation, damage assessment, and technical advisory services. The acquisition expands DBI's national construction-consulting platform and technical capabilities to better support insurers, attorneys, and other industry clients across the United States.

Calera Capital, a middle-market private equity firm, has acquired ReVamp Companies, a national provider of specialty floor and surface coatings, fencing, and decking replacement and installation services, from Bertram Capital. ReVamp is headquartered in Freeport, Illinois, operates 14 brands across more than 60 locations in nearly 20 states, and Calera said the investment will support platform expansion, innovation, and continued growth under founder Jeff Gear and the existing management team.

Landmark Aquatic has acquired CEM Aquatics, a Salt Lake City–based commercial aquatics design, build, renovation, and maintenance firm with more than four decades of experience. Founder Craig Nielsen and the CEM leadership team will remain in place as integration begins, with Landmark saying the deal expands its capabilities and service footprint in the aquatics sector.