Garney expands west with Emery & Sons acquisition

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Following a nationwide development 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, lately acquired Emery & Sons Construction Group, a Salem, Oregon-based heavy civil and underground utility contractor, in keeping with an organization information launch. The acquisition strengthens Garney’s potential to ship a variety of civil and municipal infrastructure, CEO David Burkhart advised Development 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 powerful,” Burkhart mentioned. “This acquisition strengthens our potential to ship bigger, extra advanced work within the area by establishing a everlasting base with the best basis in place.”

A number of developments lend context to the acquisition, Burkhart added.

First, Garney sees sturdy 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 take care of ageing programs and sustain with long-term demand.

Second, the workforce shortage is an element. House owners want companions who’ve the sphere 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 crew that already has the expertise, gear and native data to do that work at a excessive degree.”

Each firms will proceed to function underneath their current names and management groups as they combine, in keeping 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 parts which are important to advanced water initiatives, in keeping with the discharge.