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New Deal


Announced

Completed

Granite completed the acquisition of Lehman-Roberts Company and Memphis Stone & Gravel Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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construction

Single Bidder

Acquisition

Private

Majority

Domestic

Construction Services

United States

Friendly

Completed

infrastructure

Synopsis

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Granite, a diversified construction and construction materials companies in the United States, completed the acquisition of Lehman-Roberts Company, an asphalt contractor, and Memphis Stone & Gravel Company, an infrastructure Company. "We are very excited to complete this acquisition of an outstanding materials-led business that expands our footprint in the Southeast. We believe their business model aligns with our previously disclosed strategy to grow our business by focusing on developing home markets that are served by highly successful companies of scale with great leadership,” Kyle Larkin, Granite President and Chief Executive Officer.

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