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Colas — M&A Activity 2020
Jan 15, 2020
1214_iss_2020-01-15_76a61443-e393-42a0-831c-9cd591a55bc1.pdf
M&A Activity
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PRESS RELEASE
Paris, January 15, 2020
COLAS ACQUIRES THE ASSETS OF GRANITE CONTRACTING LLC IN THE UNITED STATES
Reeves Construction Company, a Colas company in the USA, acquired the assets of Granite Contracting LLC, a company specializing in asphalt mix production and paving, with operations in North Carolina and South Carolina.
Backed by 115 employees, Granite Contracting LLC, which boasts three asphalt plants that produce approximately 400,000 tonnes per year and a 70-unit strong fleet of construction equipment, generates annual revenue of nearly \$50 million.
This acquisition allows Reeves Construction Company, already present in North Carolina and South Carolina, to expand in the growing markets of these two states.
Colas (www.colas.com)
Colas, a subsidiary of the Bouygues Group, is a world leader whose mission is to promote transport infrastructure solutions for sustainable mobility. With 58,000 employees in more than 50 countries on five continents, the Group performs some 85,000 road construction and maintenance projects each year via 800 construction business units and 2,000 material production units.
In 2018, consolidated revenue at Colas totaled 13.2 billion euros (51% outside of France). Net profit attributable to the Group amounted to 226 million euros.
For further information:
Delphine Lombard (tel.: +33 6 60 07 76 17) / Rémi Colin (tel.: +33 7 60 78 25 74) [email protected] Jean-Paul Jorro (tel.: +33 1 47 61 74 23) / Zorah Chaouche (tel.: +33 1 47 61 74 36) [email protected]