Construction M&A » By The Online Investor Staff, updated Mon., Nov. 28, 9:49 AM
Recent mergers and acquisitions in the Construction M&A category.
| This Slide: #87 of 100 |
Slide #87. Granite Construction Incorporated — Kenny Construction Company
Acquirer:
Granite Construction Incorporated (NYSE:GVA)
Acquiree:
Kenny Construction Company
Details:
Granite Construction Incorporated (NYSE:GVA) announced today that it has signed a definitive agreement to acquire Kenny Construction Company ("Kenny"), a national contractor and construction manager specializing in the power, tunnel, water and civil markets, for $130 million.
Granite Construction is a holding company. Through its subsidiaries, Co. delivers infrastructure solutions for public and private clients primarily in the U.S. Within the public sector, Co. concentrates on infrastructure projects, including the construction of streets, roads, highways, mass transit facilities, airport infrastructure, bridges, dams, power-related facilities, utilities, tunnels and other infrastructure-related projects. Within the private sector, Co. performs site preparation, mining services, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, as well as provides construction management services.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: GVA Stock Forecast Based on Zacks ABR data; powered by Xignite |
