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Granite acquires Lehman-Roberts and Memphis Stone & Gravel to expand home market strategy into Memphis Metropolitan and Northern Mississippi area

PUBLIC · GVAMay 23, 2024

Acquiring Company

Granite

Acquired Company

Lehman-Roberts and Memphis Stone & Gravel

WatsonvilleArtificial IntelligenceConstructionCloud InfrastructureBuilding MaintenanceBuilding MaterialCivil EngineeringConstructionBuilding MaintenanceBuilding Material

Description

Granite (NYSE:GVA) expanded its home market strategy into the Memphis Metropolitan and Northern Mississippi area by acquiring Lehman-Roberts Company and Memphis Stone & Gravel Company. These acquisitions further strengthen Granite's position as a diversified construction and materials company, enabling it to capitalize on new contracts and enhance its presence in the construction and materials industry.

Quick answer

Granite is acquiring Lehman-Roberts and Memphis Stone & Gravel, announced May 23, 2024. Granite is based in Watsonville, California, United States.

How much did Granite pay for Lehman-Roberts and Memphis Stone & Gravel?
The deal value was not disclosed.
What does Granite do?
Granite is America’s Infrastructure Company™.
Where are Granite and Lehman-Roberts and Memphis Stone & Gravel based?
Granite is based in Watsonville, California, United States.
Who are the decision-makers at Granite?
Fundz holds 2 contacts at Granite. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Construction and Cloud Infrastructure

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Granite

Location

Watsonville, California, United States

About

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

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Frequently asked

Who acquired Lehman-Roberts and Memphis Stone & Gravel?

Lehman-Roberts and Memphis Stone & Gravel was acquired by Granite, based in Watsonville. The deal was reported on May 23, 2024. Granite is America’s Infrastructure Company™. Granite is publicly traded (GVA) and operates in Artificial Intelligence.

When did Granite acquire Lehman-Roberts and Memphis Stone & Gravel?

Granite's acquisition of Lehman-Roberts and Memphis Stone & Gravel was reported on May 23, 2024. Granite (NYSE:GVA) expanded its home market strategy into the Memphis Metropolitan and Northern Mississippi area by acquiring Lehman-Roberts Company and Memphis Stone & Gravel Company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Lehman-Roberts and Memphis Stone & Gravel do?

Lehman-Roberts and Memphis Stone & Gravel have been longstanding asphalt paving and asphalt and aggregates producers and suppliers in the Mid-South for more than a combined 190 years. It is privately held, operating in Construction.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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