Public Company Industrial Services

Granite Construction

Watsonville, California, United States

From infrastructure that facilitates the movement of goods and people to projects that improve the way we live, work, and play, Granite is one of the largest full-service general contractors, construction management firms, and construction materials producers in the U.S.

Focus Areas
Civil infrastructure construction, Construction management & general contracting, Construction materials (aggregate production, asphalt)

Tracked deals

3

3 tracked deals across 2023-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

2 buyout · 1 addon

Granite Construction Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Granite Construction. 1 2023 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Granite (NYSE: GVA)
    Target
    Kenny Seng Construction
    Location
    United States
    Type
    Buyout

    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.

  • Buyer
    Granite Construction Incorporated
    Target
    Dickerson & Bowen, Inc.
    Industry
    Construction
    Type
    Addon

    Granite Construction Incorporated completed the acquisition of Dickerson & Bowen, Inc., adding three sand and gravel pits and four asphalt plants to its Southeast materials footprint. The bolt-on expands Granite's presence in central and southern Mississippi and builds on its recent Southeast materials platform.

  • Buyer
    Granite Construction Incorporated
    Target
    Lehman-Roberts Company, Memphis Stone & Gravel Company
    Industry
    Construction
    Type
    Buyout

    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.

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