Granite Acquires Warren Paving and Papich Construction
August 6, 2025
Granite Construction (NYSE: GVA) completed acquisitions of Warren Paving and Papich Construction for a combined purchase price of $710 million, adding approximately $425 million of annual revenue and materially increasing its aggregates reserves and production. The deals expand Granite's vertically-integrated home markets—adding a major barge-enabled aggregates network in the Southeast and quarry/roadbuilding capabilities on California's Central Coast—and are expected to be accretive to adjusted EBITDA.
- Buyers
- Granite Construction
- Targets
- Warren Paving, Papich Construction
- Industry
- Construction
- Location
- United States
- Transaction Type
- Buyout
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