Granite Construction - M&A Summary and Business Overview

ConstructionCompany

Granite Construction M&A Summary

Granite Construction has acquired 7 companies, including 3 in the last 5 years. It has also divested 2 assets.

Granite Construction’s largest acquisition to date was in 2018, when it acquired Layne Christensen for $536M. Granite Construction has acquired in 6 different US states, and 2 countries. The Company’s most targeted sectors include construction (86%) and environmental (15%).

Granite Construction Business Overview

Where is Granite Construction headquartered?

Granite Construction is headquartered in Watsonville, California.

What is Granite Construction’s revenue?

Granite Construction disclosed revenue of 3,509M USD for 2023 and 3,301M USD for 2022.

How many employees does Granite Construction have?

Granite Construction has 2,100 employees.

What sector is Granite Construction in?

Granite Construction is a construction company.

When was Granite Construction founded?

Granite Construction was founded in 1922.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity7
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 4

Granite Construction

Granite Construction, Inc.

585 West Beach Street,
Watsonville, California 95076
United States,
(831) 724-1011
www.graniteconstruction.com

Granite Construction is a heavy civil contracting and construction materials production company. Within the public sector, Granite primarily concentrates on heavy-civil infrastructure projects, including the construction of streets, roads, highways, mass transit facilities, airport infrastructure, bridges, trenchless and underground utilities, power-related facilities, utilities, tunnels, dams and other infrastructure-related projects. Within the private sector, Granite performs site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, as well as provide construction management professional services. Granite Construction was founded in 1922 and is based in Watsonville, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 5 - - - 1 1 7
vol $685M $685M
Sell (0.2/yr) # 1 - - 1 - - 2
  9

Most Recent M&A

Company Date Value Type
Dickerson & Bowen, Inc. 2024-08-12 - Add-on Acquisition
Brookhaven, Mississippi · www.dandbinc.com
Lehman-Roberts Co. 2023-12-05 - Add-on Acquisition
Memphis, Tennessee · www.lehmanroberts.com
Granite Construction, Inc. - Inliner 2022-02-03 - Divestiture
Watsonville, California
Lametti & Sons, Inc. 2019-05-22 - Add-on Acquisition
Hugo, Minnesota · www.lametti.com
Layne Water Midstream Holdings, LLC 2019-04-11 - Divestiture
The Woodlands, Texas · www.laynewatermidstream.com
Layne Christensen Co. 2018-06-14 536M USD Add-on Acquisition
Woodlands, Texas · www.layne.com
LiquiForce 2018-04-03 - Add-on Acquisition
Kingsville, Ontario · www.liquiforce.com
Kenny Construction Co. 2012-12-28 130M USD Add-on Acquisition
Northbrook, Illinois · www.kennyconstruction.com
Halmar Builders of New York, Inc. 2001-05-01 19M USD Divestiture
Mount Vernon, New York
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Layne Christensen Co.    - Layne Christensen Co - Christensen Products 2001-08-31 1
Woodlands, Texas · www.layne.com Salt Lake City, Utah

M&A by Sector

Sector Buy # Value Sell # Value
Construction 6 (86%) 149M (22%) 1 (50%) -
Environmental 1 (14%) 536M (78%) - -
Energy Services and Equipment - - 1 (50%) -
Total 7 $685M 2 -

By Geo

State/Country Buy Value Sell Value
United States 6 685M 2 -
  Texas 1 536M 1 -
  Tennessee 1 - - -
  New York 1 19M - -
  Mississippi 1 - - -
  Minnesota 1 - - -
  Illinois 1 130M - -
  California - - 1 -
Canada 1 - - -
  Ontario 1 - - -
Domestic 6 (86%) 685M (100%) 2 (100%) -
Cross-border 1 (14%) - - -
Total 7 $685M 2 -

Top M&A Advisors

Financial Deals
Perella Weinberg Partners
2
BofA Securities
1
Legal Deals
Shearman & Sterling
1
Jones Day
1

Deal Values

buy # Total
$100M to $1B 2 $666M
< $100M 1 $19M
TOTAL $685M
Largest Layne Christensen Co.
$536M (2018-06-14)

M&A Connections

Deals
Acquired from
Strategic(s)
14%
1 (14%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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