花岗岩建筑工程公司收购纽约德建筑公司

Granite Construction Incorporated (NYSE: GVA) announced today that it had signed an agreement to purchase 100 percent of the outstanding stock of Halmar Builders of New York, Inc. for an undisclosed amount. The transaction is subject to normal terms and conditions for closing. The acquisition of Mt. Vernon, New York-based Halmar will be financed via a combination of bank credit and cash. The transaction is expected to close June 30, 2001. Halmar is one of the largest heavy civil construction firms operating in the metropolitan New York City area. In 2000, the company had revenues of approximately $206 million. As part of the transaction, Granite will assume Halmar's backlog of nearly $200 million. The new entity will operate under the name Granite/Halmar Construction Company. The company will be operated as a wholly owned subsidiary of Granite Construction Incorporated. Currently, about 90 percent of Halmar's business is transportation-related. The company's major clients include the Port Authority of New York, the Metropolitan Transit Authority, City of New York, the New York Department of Transportation and JFK IAT LLC. Some of the projects currently being constructed by Halmar include the airside civil work at the American Airlines Terminal and expansion of the British Airways Terminal at JFK International Airport, the Staten Island Railroad resignaling project and the Palisades Interstate Parkway reconstruction project. Commenting on the transaction, Granite Executive Vice President and Chief Operating Officer William G. Dorey said, "We are excited about this opportunity for two key reasons. First, at $6 billion a year, this market is just too big to ignore and second, and more importantly, we found a firm that employs the same sense of honesty and fair play that we practice at Granite. Our two companies match up very well in terms of our approach to the business, how we bid and build the work and how we treat our employees, our customers and our stakeholders." Granite is one of the nation's largest diversified heavy civil contractors and construction materials producer. Granite Construction Company serves public and private sector clients through its 47 offices nationwide.