Granite has announced the acquisition of Warren Paving and Papich Construction. According to the company announcement Granite (NYSE: GVA) is a vertically-integrated construction company that has recently expanded its operations through the acquisition of Warren Paving and Papich Construction for a combined purchase price of $710 million. These acquisitions significantly strengthen Granite’s presence in its home markets, particularly in the Southeastern U.S. (Mississippi, Louisiana, and Alabama Gulf Coast regions) and California’s Central Coast and Central Valley. The company’s primary business activities now include aggregates production, asphalt plants, and paving and civil construction operations, with the acquisitions increasing Granite’s aggregate reserves and resources by approximately 30% and annual aggregate production by about 27%. These strategic moves are expected to contribute approximately $425 million in annual revenue and are immediately accretive to adjusted EBITDA margins.

To learn more about Granite, visit https://www.graniteconstruction.com
Company LinkedIn Page: https://www.linkedin.com/company/granite-construction/

Company Contact:

Granite
585 W. Beach Street Watsonville, CA 95076
831-724-1011

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