Granite announced the completion of its acquisition of Kenny Seng Construction, strengthening its vertically integrated construction and materials platform in Utah and expanding its presence in a high-growth regional market.
The acquisition enhances Granite’s ability to deliver end-to-end construction services, adding capabilities that span earthwork, site preparation, concrete work, utility installation, project management, aggregate production, materials processing, and transportation. The deal supports Granite’s strategy of building vertically integrated “home markets” that combine construction execution with materials supply.
Kenny Seng Construction has an established footprint across key infrastructure segments, including education and civil infrastructure, as well as private-sector projects. The business generates approximately $150 million in annual revenue and is expected to deliver adjusted EBITDA margins in the high teens, contributing to Granite’s financial performance.
A central component of the acquisition is the expansion of Granite’s materials platform in Utah. The transaction includes a hard rock quarry with approximately one million tons of annual production capacity and an estimated 45 million tons of reserves and resources. Additional growth opportunities include the development of a potential sand and gravel pit, further strengthening the company’s long-term supply capabilities.
The deal positions Granite to capitalize on sustained demand for infrastructure development in Utah, while reinforcing its strategy of integrating construction services with materials production to improve efficiency, margins, and project execution.
Granite, founded in 1922, is one of the largest diversified construction and construction materials companies in the United States, providing full-service civil construction solutions across public and private sectors.
KEY QUOTE:
“We are excited to welcome the Kenny Seng Construction team to Granite. 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.”
Kyle Larkin, President And Chief Executive Officer, Granite
