Dive Rapid:
- Houston-basically based fully Satterfield & Pontikes Building has bought Eagle Contracting, a Dallas/Fortress Rate-basically based fully general contractor centered on the water and wastewater exchange. The terms of the sale had been no longer disclosed.
- The acquisition between the two privately held companies adds to S&P’s rising construction arena of abilities portfolio and helps the reveal of its geographic footprint in Texas, in response to a Dec. 20 press liberate asserting the deal.
- Eagle Contracting will defend its name, and Roy Ewen, president, and Billy Haynes, vice chairman, will discontinue of their present management roles and be part of the S&P executive staff. There are no longer any deliberate operational modifications for the 34-year-extinct, 150-employee firm, the liberate said.
Dive Perception:
Per Ewen, every firm provides something that fulfills a necessity the quite quite lots of has.
“As we gaze to develop our exchange beyond North Texas, S&P’s existing locations of work in Dallas, Houston, Austin and San Antonio relieve us leverage our capabilities,” said Ewen. “Additionally, by gaining access to S&P’s wait on-of-the-home sources, alongside side the technological innovations for which they are known, we are able to focal point on what we stop well and compete more simply with the quite quite lots of nationally-ranked contractors in our field.”
Eagle’s popularity as a firm that works collaboratively with its purchasers changed into as soon as part of what attracted S&P, in response to S&P CEO George A. Pontikes Jr.
“We have been very impressed no longer easiest with Eagle’s song file of ending initiatives on-time however also with its scheme of getting jobs finished effectively, safely and with the most attention-grabbing efficiency requirements,” Pontikes said within the liberate.
“Undoubtedly one of S&P’s core values is to ‘stop the most attention-grabbing facet for the most attention-grabbing reason’ and with Eagle we are clear we are able to withhold that within the water arena of abilities market.”
Essentially based in 1989, S&P provides a tubby fluctuate of pre-construction, construction and consulting companies by a quantity of birth ideas alongside side general contracting, construction supervisor in threat and assemble-assemble. Serving both the final public and interior most sectors regionally and nationally, it works within the aviation, schooling, healthcare, industrial, mission excessive and multifamily market sectors.
With the addition of Eagle Contracting, the S&P family of companies now involves six arena of abilities construction subsidiaries, alongside side:
- Rollcon
- Westway Building
- Greco Constructions
- Pontikes Development
- Rocket Concrete Pumping
The announcement comes on the heels of two varied present construction-linked acquisitions. In November, Chen Moore and Mates, a civil engineering consulting company basically based fully in Fortress Lauderdale, Florida, obtained Fred Wilson & Mates, a Jacksonville, Florida-basically based fully engineering firm.
That identical month, Unique York City-basically based fully STO Building Community obtained Fairfield, N.J.-basically based fully RC Andersen Building, its third acquisition of a foremost construction company in two years.
