M&A Deal Summary

Granite Construction Acquires Lametti & Sons

On May 22, 2019, Granite Construction acquired construction company Lametti & Sons

Acquisition Highlights
  • This is Granite Construction’s 4th transaction in the Construction sector.
  • This is Granite Construction’s 4th transaction in the United States.
  • This is Granite Construction’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2019-05-22
Target Lametti & Sons
Sector Construction
Buyer(s) Granite Construction
Deal Type Add-on Acquisition

Target

Lametti & Sons

Hugo, Minnesota, United States
Lametti & Sons, Inc. is a Minnesota-based company with expertise in cured-in-place pipe (CIPP) rehabilitation and trenchless renewal. Lametti is one of the original certified installers of the Inliner® CIPP product.

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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 5 of 7
Sector (Construction) 4 of 6
Type (Add-on Acquisition) 4 of 6
State (Minnesota) 1 of 1
Country (United States) 4 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-11 Layne Water Midstream Holdings

The Woodlands, Texas, United States

Layne Water Midstream is a full cycle water midstream business providing upstream oil and gas companies with water sourcing, disposal and recycling infrastructure and services in the Delaware and Midland Basins. LWM operates significant source water, water transportation and produced water management infrastructure and is committed to further growth to support its upstream customers in the Delaware and Midland Basins. Layne Water Midstream Holdings is based in The Woodlands, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 Granite Construction - Inliner

Watsonville, California, United States

Granite Construction's Inliner is a vertically integrated provider of trenchless pipe rehabilitation solutions addressing wastewater and stormwater infrastructure. The Company has established a sterling reputation as a leader in resin- and UV-based cured-in-place-pipe solutions, geopolymer liner, and construction management services, supporting government customers across the United States and Canada. Its services are strengthened and supported by market-leading manufacturing capabilities.

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