Granite Construction Inc. has further strengthened its position in the water and wastewater market by acquiring certain assets and equipment related to the Lametti & Sons Inc. CIPP business.
Lametti & Sons, a Minnesota-based company with expertise in cured-in-place pipe (CIPP) rehabilitation and trenchless renewal is one of the original certified installers of the Inliner CIPP product.
“We are excited about the opportunities that this acquisition provides as we continue to build our capabilities and position ourselves as a national leader in the water and wastewater markets,” said Granite president and CCEO James H. Roberts. “This is another step in the execution of our strategic plan which includes strong organic growth through our core business lines, acquisitions in the water and wastewater markets, and additional growth and geographical diversification in our vertically integrated business.”
“We are thrilled to formally welcome Lametti’s CIPP operations into the Granite Inliner family,” said vice president of Granite Inliner, Denise McClanahan. “Lametti has been an integral part of our Inliner CIPP network for 23 years and I am confident that this transition will be seamless for our customers and employees.”
This acquisition will become the Minnesota Area office of the Granite Inliner Division, a wholly-owned subsidiary of Granite Construction Inc., which includes operations based in Orleans, Indiana as well as 17 offices and more than 800 employees in the U.S. and Canada.
SOURCE – Granite Construction