Granite Construction Incorporated announced the completion of its acquisition of Kenny Seng Construction, LLC on April 27 2026. The deal adds a full suite of earthwork, site‑preparation, concrete, utility installation, project‑management, aggregate‑production, materials‑processing, and transportation capabilities to Granite’s vertically integrated construction platform.
Kenny Seng brings a hard‑rock quarry and a potential sand‑and‑gravel pit that together produce roughly one million tons of aggregate annually and hold about 45 million tons of reserves. The company also generates approximately $150 million in annual revenue and is expected to deliver an adjusted EBITDA margin in the high teens, providing Granite with a new source of cost‑controlled materials and margin‑stabilizing revenue.
The acquisition strengthens Granite’s “home‑market” strategy in Utah, a high‑growth region with robust infrastructure and residential development demand. By integrating Kenny Seng’s end‑to‑end service capabilities and established materials platform, Granite can deepen its vertical integration, reduce input costs, and capture higher‑margin opportunities across its construction and materials segments.
"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," said Kyle Larkin, Granite’s President and Chief Executive Officer.
The transaction price was not disclosed, and Granite has not indicated any impact on its financial guidance. The acquisition is distinct from the 2012 purchase of Kenny Construction Co., which focused on power, tunnel, water, and civil markets.
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