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Granite Construction Incorporated to acquire Dickerson & Bowen, Inc. to expand materials-focused business

Aug 01, 2024•over 1 year ago

Acquiring Company

Granite

Acquired Company

Dickerson & Bowen

WatsonvilleMississippiConstructionSoftware

Description

Granite Construction Incorporated has announced an agreement to acquire Dickerson & Bowen, Inc. based in Brookhaven, Mississippi. This acquisition is expected to add four asphalt plants and three sand and gravel pits, expanding Granite Construction's existing footprint in the high growth market in southern Mississippi.

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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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed