M&A Deal Summary

Granite Construction Acquires Halmar Builders of New York

On May 1, 2001, Granite Construction acquired construction company Halmar Builders of New York from Halmar International for 19M USD

Acquisition Highlights
  • This is Granite Construction’s 1st transaction in the Construction sector.
  • This is Granite Construction’s 3rd largest (disclosed) transaction.
  • This is Granite Construction’s 1st transaction in the United States.
  • This is Granite Construction’s 1st transaction in New York.

M&A Deal Summary

Date 2001-05-01
Target Halmar Builders of New York
Sector Construction
Buyer(s) Granite Construction
Sellers(s) Halmar International
Deal Type Divestiture
Deal Value 19M USD

Target

Halmar Builders of New York

Mount Vernon, New York, United States
Halmar Builders of New York, Inc. is a heavy civil construction company.

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Buyer(S) 1

Buyer

Granite Construction

Watsonville, California, United States

Category Company
Founded 1922
Sector Construction
Employees2,300
Revenue 4.0B USD (2024)
DESCRIPTION
Entrance to Granite Construction's corporate headquarters in Watsonville, California.
Entrance to Granite Construction's corporate headquarters in Watsonville, California.

Granite Construction is a heavy civil contracting and construction materials production company. Granite Construction was founded in 1922 and is based in Watsonville, California.


DEAL STATS #
Overall 1 of 10
Sector: Construction M&A 1 of 9
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 9
Year: 2001 M&A 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-28 Kenny Construction Co.

Northbrook, Illinois, United States

Kenny Construction Co., is a infrastructure contractors. Kenny is a diversified heavy civil contractors and construction materials producers serving public- and private-sector clients nationwide.

Buy $130M

Seller(S) 1

SELLER

Halmar International

Nanuet, New York, United States

Category Company
Sector Construction
DESCRIPTION

Halmar International is a heavy civil contractor company.


DEAL STATS #
Overall 1 of 1
Sector: Construction M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2001 M&A 1 of 1
Size (of disclosed) 1 of 1