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Granite Construction Incorporated Announces Agreement to Acquire Dickerson & Bowen, Inc.

Aug 01, 2024•almost 2 years ago

Contract Type

agreement

WatsonvilleConstruction

Description

Granite Construction Incorporated reported strong second quarter results, with net income of $37 million and adjusted net income of $77 million. The company also announced an agreement to acquire Dickerson & Bowen, Inc. of Brookhaven, Mississippi. This acquisition will add four asphalt plants and three sand and gravel pits, further expanding the company's materials-focused, vertically integrated business.

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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Agreement Insights

Based on industry data
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.