Granite Construction completed the acquisition of Dickerson & Bowen Inc. (D&B) in August 2024 for $125.5 million in cash. This strategic acquisition is a key step in expanding Granite's vertically integrated platform in the Southeast region.
Dickerson & Bowen is a materials-focused, vertically integrated company that is expected to contribute to Granite's future growth and profitability. The acquisition enhances Granite's presence in its core 'home markets' by adding significant materials assets.
This move aligns with Granite's strategy to strengthen its operational footprint and leverage its integrated model. The acquisition is anticipated to provide future growth opportunities and improve overall business performance in the region.
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