Construction Acquisitions in 2018

Graham Construction Corp. has acquired Walker Design and Construction, a Boca Raton-based design-build general contractor that has served south and central Florida for over 40 years. The acquisition expands Graham's footprint into Florida and adds Walker's capabilities in pre-engineered metal buildings and specialized aluminum fabrication/erection.

Structure Tone has acquired Ajax Building Corporation, a Southeast U.S. construction management firm that brings over 200 employees and capabilities across Florida, Georgia and South Carolina. Ajax will retain its name and current leadership (Bill Byrne and Jay Smith) while joining the Structure Tone family; 7 Mile Advisors served as exclusive sell-side advisor.

Able Equipment Rental has purchased the aerial equipment assets and service operations of Mobile Lifts of Norristown, Pennsylvania. Mobile Lifts will operate as Able's newest branch (its fifth), with most staff retained and operations positioned to serve the King of Prussia and greater Philadelphia region.

Toronto-based private equity firm Lynx Equity Limited has acquired Livermore, California–based Flooring Solutions, Inc., the largest commercial non-union flooring contractor in the San Francisco Bay Area. Flooring Solutions' co-founder Rick Elfman will remain with the business for more than three years to ensure a smooth transition; the deal expands Lynx's existing flooring portfolio alongside its Portland Floor Solutions and G&W Commercial Interiors holdings.

Noverra (Noverra Group of Companies) acquired Troy Forming Concrete, a Colorado-based concrete forming and foundation contractor, in a transaction that closed in summer 2018. The deal provided founder Troy Lynn with a phased transition and ongoing participation in future earnings while Noverra supported development of an internal successor (Noah Weiler) who later became President.