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Granite (NYSE: GVA) said it has completed its acquisition of Kenny Seng Construction, a deal intended to strengthen Granite’s vertically integrated construction and construction materials platform in Utah.
“We are excited to welcome the Kenny Seng Construction team to Granite,” said Kyle Larkin, Granite President and Chief Executive Officer. “Kenny Seng Construction is a highly complementary business that strengthens our vertically-integrated home market strategy in Utah. Their end-to-end service capabilities, strong position in education and civil infrastructure, and established materials platform align well with our focus on building durable, resilient businesses that create long-term value for our shareholders.”
Granite said the press release includes forward-looking statements under the Private Securities Litigation Reform Act of 1995. The company noted that such statements involve risks and uncertainties that could cause actual results to differ materially, including integration risks, market demand, regulatory matters, labor availability, and other factors described in Granite’s filings with the Securities and Exchange Commission. Granite said it does not undertake an obligation to update or revise forward-looking statements except as required by law.
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