M&A Deal Summary

Granite Construction Acquires Kenny Construction

On December 28, 2012, Granite Construction acquired construction company Kenny Construction for 130M USD

Acquisition Highlights
  • This is Granite Construction’s 2nd transaction in the Construction sector.
  • This is Granite Construction’s 2nd largest (disclosed) transaction.
  • This is Granite Construction’s 2nd transaction in the United States.
  • This is Granite Construction’s 1st transaction in Illinois.

M&A Deal Summary
Date 2012-12-28
Target Kenny Construction
Sector Construction
Buyer(s) Granite Construction
Deal Type Add-on Acquisition
Deal Value 130M USD

Target

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.

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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 2 of 7
Sector (Construction) 2 of 6
Type (Add-on Acquisition) 1 of 6
State (Illinois) 1 of 1
Country (United States) 2 of 6
Year (2012) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-01 Halmar Builders of New York

Mount Vernon, New York, United States

Halmar Builders of New York, Inc. is a heavy civil construction company.

Buy $19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 LiquiForce

Kingsville, Ontario, Canada

LiquiForce is a provider of an underground contracting services including lateral liner rehabilitation, mainline Cured-in-Place Pipe (CIPP), project management, manhole rehabilitation, and mainline point repairs.

Buy -
Mergr

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