Garney expands west with Emery & Sons acquisition

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Following a nationwide pattern of mergers and acquisitions within the building business, a Kansas Metropolis, Missouri-based contractor is making strikes to cement its infrastructure presence within the Pacific Northwest.

Garney, a nationwide water and wastewater contractor, just lately acquired Emery & Sons Construction Group, a Salem, Oregon-based heavy civil and underground utility contractor, in line with an organization information launch. The acquisition strengthens Garney’s capacity to ship a variety of civil and municipal infrastructure, CEO David Burkhart informed Building Dive.

The deal brings Emery & Sons’ practically 60 years of expertise to Garney’s choices, significantly in underground utility and heavy building areas. Garney didn’t disclose the monetary phrases of the deal.

“The Pacific Northwest is a area we’ve evaluated for years as a result of the long-term demand for water and infrastructure funding is robust,” Burkhart mentioned. “This acquisition strengthens our capacity to ship bigger, extra complicated work within the area by establishing a everlasting base with the proper basis in place.”

Just a few traits lend context to the acquisition, Burkhart added.

First, Garney sees robust demand round water and wastewater construction. Echoing comments public builders have made on earnings calls, Burkhart mentioned communities throughout the nation are investing closely to keep up ageing techniques and sustain with long-term demand.

Second, the workforce shortage is an element. House owners want companions who’ve the sector management and craft workforce to execute efficiently, Burkhart mentioned. Strikes just like the Emory & Sons acquisition “assist strengthen pipelines and create long-term profession alternatives,” he added.

“This determination wasn’t pushed by a short-term income goal,” Burkhart mentioned. “It was about establishing lasting functionality within the Pacific Northwest with a group that already has the expertise, gear and native information to do that work at a excessive stage.”

Each corporations will proceed to function underneath their present names and management groups as they combine, in line with the discharge.

The transfer will finally help Garney’s long-term imaginative and prescient of changing into a full-service water options supplier by broadening in-house capabilities for earthwork, transmission and distribution pipelines, in addition to water mains and different large-scale civil elements which are important to complicated water initiatives, in line with the discharge.