The strength and growth of the trenchless industry is attracting North American publicly traded companies. The November cover story on Granite Construction is an excellent example of this. Granite is a $3.5 billion, publicly traded company that is noted for its mega construction projects.
This year Granite stepped up its investment in trenchless with the acquisitions of LiquiForce and Layne Christensen (Inliner). Kenny Construction was acquired in 2012. Together, these organizations now comprise the newly formed Granite Inliner Division of Granite Construction.
Granite is now positioned to have a major impact in the water/wastewater market for new construction and rehabilitation. With Kenny, Granite entered the large diameter tunneling and microtunneling arenas, as well as the pipeline rehabilitation market; LiquiForce and Layne Christensen further advance the company into the water/wastewater sector. Layne Christensen’s Inliner CIPP technology now has Granite as one of the major CIPP players in North America.
These acquisitions by Granite were not the only ones that took place. This post serves as a brief recap of some of the merger and acquisition news that came across the editors’ desks in 2018. We know this is not a comprehensive list. If there is something we missed, let us know by emailing Sharon Bueno, managing editor, at email@example.com.