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Slide #87. Granite Construction Incorporated — Kenny Construction Company
Granite Construction Incorporated (NYSE:GVA)
Kenny Construction Company
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, which delivers infrastructure solutions for public and private clients. Co.'s segments are: Transportation, which focuses on construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports and marine ports; Water, which focuses on water-related construction and water management solutions; Specialty, which focuses on construction of various complex projects including infrastructure/site development, mining, public safety, tunnel and power projects; and Materials, which focuses on production of aggregates, asphalt and construction related materials as well as proprietary sanitary and storm water rehabilitation products.
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Hold (2.00 out of 4)