Granite Acquires Warren Paving and Papich Construction

Watsco to Acquire The Granite Group

September 14, 2026

HVAC & Mechanical

Watsco agreed to acquire The Granite Group, a family-led plumbing and HVAC products distributor headquartered in Concord, New Hampshire, with approximately $500 million in annual sales and 82 locations across seven Northeast states. The deal, for disclosed aggregate consideration of $505 million consisting of 80% cash and 20% Watsco common stock, remains pending customary closing conditions and regulatory approval; Granite is expected to continue operating independently under its existing management.

Granite Acquires Kenny Seng Construction

April 27, 2026

Industrial Services

Granite (NYSE: GVA) completed its acquisition of Kenny Seng Construction to expand Granite’s vertically integrated home market in Utah. The deal adds end-to-end construction capabilities and strengthens Granite’s construction materials platform with a hard rock quarry and additional growth opportunities for aggregates production.

Granite Construction Acquires Lehman-Roberts Company and Memphis Stone & Gravel

December 5, 2023

Construction

Granite Construction Incorporated (NYSE: GVA) has acquired Lehman-Roberts Company and Memphis Stone & Gravel Company, expanding its materials and paving footprint in the Memphis metropolitan market. The deal adds asphalt plants and sand & gravel mines (with substantial reserves) to Granite’s operations and will be financed with a $150 million term loan plus revolver and cash on hand; the acquired companies’ leadership will remain in place.

Construction Partners Acquires Hubbard Paving & Grading

October 2, 2023

Construction

Construction Partners, Inc. (NASDAQ: ROAD) has acquired Hubbard Paving & Grading, Inc., a Walhalla, South Carolina-based paving and grading contractor. The deal adds a hot-mix asphalt plant and related operations to CPI's South Carolina platform King Asphalt, Inc., expanding CPI's service footprint in the Upstate/Greenville metro region.

Granite Construction Acquires Coast Mountain Resources (Operator of Bamberton Quarry)

April 25, 2023

Construction

Granite Construction (NYSE: GVA) has completed the acquisition of Coast Mountain Resources (2020) Ltd., the operator of the Bamberton Quarry on Vancouver Island, British Columbia, located on Malahat First Nation land. The acquisition strengthens Granite's vertically integrated construction materials footprint in its home markets and Granite says it will work with the Malahat First Nation to manage a safe and environmentally responsible operation.

GW Capital Acquires US Marble & Granite, Rebrands as Granite Works Stone Design

October 4, 2021

Building Products

GW Capital, the management company led by Tony Nasrallah, acquired US Marble & Granite and rebranded the business as Granite Works Stone Design. The acquisition expands GW Capital's portfolio (joining Ground Works Land Design), establishes a 55,000 sq. ft. headquarters at 875 Crocker Rd. in Westlake, Ohio, and adds on-site stone fabrication and showroom capabilities for residential and commercial customers.