A Look Back at Trenchless Industry Acquisitions in 2018
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.
RELATED: Granite Construction Emerges as Top Trenchless Player
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 sbueno@benjaminmedia.com.
November
Inland Pipe Rehabilitation Acquires Daystar Composites
Warren Environmental, A&W Maintenance Partner with Garney Construction
Vermeer Corp. Acquires Vac-Tron Equipment, Forms Vermeer MV Solutions
August
Stantec Acquires UK-Based Peter Brett Associates
AOC and Aliancys Form Global Composites Company
July
Northwest Pipe Co. Acquires Ameron Water Transmission Group
United Rentals to Acquire BakerCorp
Brownline Acquires SlimDril International Inc.
AOC Resins Parent Company Acquired By CVC Capital Partners
June
TRC Acquires California Construction Management Firm Vali Cooper & Associates
SPX Corporation Completes Acquisition of CUES Inc.
Milestone Partners Leads Acquisition of RedZone Robotics
Midas Companies Grows its Southeast United States Presence
May
Juniper Capital Management Forms Infrastructure Services Group
April
Granite Construction Acquires LiquiForce
March
Vortex Companies Acquires Stag Technologies
February
Granite Construction to Acquire Layne Christensen in $565 Million Stock Merger Transaction
January
VersaFlex Inc. and Raven Lining Systems Announce Merger
