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
Employees2,100
Revenue 3.5B USD (2023)
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. 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.

DEAL STATS #
Overall 1 of 7
Sector (Construction) 1 of 6
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 6
Year (2001) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-28 Kenny Construction

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) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2001) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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