- Houston-centered Satterfield & Pontikes Building has bought Eagle Contracting, a Dallas/Fort Value-centered basic contractor centered on the water and wastewater field. The terms of the sale were not disclosed.
- The acquisition amongst the two privately held organizations adds to S&P’s escalating building specialty portfolio and supports the development of its geographic footprint in Texas, in accordance to a Dec. 20 push release announcing the deal.
- Eagle Contracting will retain its identify, and Roy Ewen, president, and Billy Haynes, vice president, will stay in their present-day management roles and join the S&P govt group. There are no planned operational modifications for the 34-calendar year-old, 150-staff corporation, the release explained.
In accordance to Ewen, each corporation offers a thing that fulfills a want the other has.
“As we glimpse to grow our business enterprise further than North Texas, S&P’s current offices in Dallas, Houston, Austin and San Antonio enable us leverage our abilities,” said Ewen. “Additionally, by accessing S&P’s again-of-the-home assets, including the technological improvements for which they are recognized, we can focus on what we do effectively and contend a lot more simply with the other nationally-rated contractors in our field.”
Eagle’s standing as a company that will work collaboratively with its clientele was aspect of what captivated S&P, according to S&P CEO George A. Pontikes Jr.
“We have been very amazed not only with Eagle’s monitor record of completing jobs on-time but also with its tactic of getting jobs carried out successfully, properly and with the optimum overall performance benchmarks,” Pontikes claimed in the launch.
“One of S&P’s main values is to ‘do the proper detail for the suitable reason’ and with Eagle we are specific we will preserve that in the drinking water specialty marketplace.”
Started in 1989, S&P delivers a full vary of pre-design, building and consulting companies by a wide variety of delivery techniques which include normal contracting, building supervisor at risk and structure-establish. Serving both equally the public and non-public sectors regionally and nationally, it is effective in the aviation, education and learning, health care, industrial, mission crucial and multifamily industry sectors.
With the addition of Eagle Contracting, the S&P loved ones of corporations now features six specialty construction subsidiaries, which includes:
- Westway Development
- Greco Structures
- Pontikes Progress
- Rocket Concrete Pumping
The announcement arrives on the heels of two other recent development-related acquisitions. In November, Chen Moore and Associates, a civil engineering consulting company centered in Fort Lauderdale, Florida, acquired Fred Wilson & Associates, a Jacksonville, Florida-based mostly engineering firm.
That very same month, New York Town-primarily based STO Building Team obtained Fairfield, N.J.-centered RC Andersen Building, its 3rd acquisition of a significant building company in two a long time.