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Stock impact report

Granite Completes Acquisition of Kenny Seng Construction to Expand Vertically-Integrated Home Market in Utah

Granite Construction Incorporated (GVA) 
Last granite construction incorporated earnings: 10/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.graniteconstruction.com
Company Research Source: Business Wire
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) today announced that it has completed the acquisition of Kenny Seng Construction, strengthening Granite’s vertically-integrated construction and construction materials platform in Utah.Acquisition HighlightsExpands Granite’s vertically-integrated home market in Utah, enhancing its construction and materials presence in a high-growth region.Adds end-to-end construction capabilities, including earthwork and site preparation, concrete work, utility installation, project management, aggregate production and materials processing, and transportation.Provides exposure to resilient end markets including revenue from education infrastructure, civil infrastructure, and the private sector.Enhances Granite’s materials footprint, with a hard rock quarry and growth opportunities that include a potential sand and gravel pit, one million tons of annual production and approximately 45 million tons of reserves and measured and inferred resou Show less Read more
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