{"id":954719,"date":"2026-04-27T06:48:09","date_gmt":"2026-04-27T10:48:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-completes-acquisition-of-kenny-seng-construction-to-expand-vertically-integrated-home-market-in-utah\/"},"modified":"2026-04-27T06:48:09","modified_gmt":"2026-04-27T10:48:09","slug":"granite-completes-acquisition-of-kenny-seng-construction-to-expand-vertically-integrated-home-market-in-utah","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-completes-acquisition-of-kenny-seng-construction-to-expand-vertically-integrated-home-market-in-utah\/","title":{"rendered":"Granite Completes Acquisition of Kenny Seng Construction to Expand Vertically-Integrated Home Market in Utah"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Granite Completes Acquisition of Kenny Seng Construction to Expand Vertically-Integrated Home Market in Utah<\/b><\/p>\n<p>WATSONVILLE, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nGranite (NYSE: GVA) today announced that it has completed the acquisition of Kenny Seng Construction, strengthening Granite\u2019s vertically-integrated construction and construction materials platform in Utah.<\/p>\n<p><b>Acquisition Highlights<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nExpands Granite\u2019s vertically-integrated home market in Utah, enhancing its construction and materials presence in a high-growth region.<\/p>\n<\/li>\n<li>\nAdds end-to-end construction capabilities, including earthwork and site preparation, concrete work, utility installation, project management, aggregate production and materials processing, and transportation.<\/p>\n<\/li>\n<li>\nProvides exposure to resilient end markets including revenue from education infrastructure, civil infrastructure, and the private sector.<\/p>\n<\/li>\n<li>\nEnhances Granite\u2019s materials footprint, with a hard rock quarry and growth opportunities that include a potential sand and gravel pit, one million tons of annual production and approximately 45 million tons of reserves and measured and inferred resources.<\/p>\n<\/li>\n<li>\nAttractive financial profile with approximately $150 million in annual revenue and an expected adjusted EBITDA margin in the high teens.<\/p>\n<\/li>\n<\/ul>\n<p>\n\u201cWe are excited to welcome the Kenny Seng Construction team to Granite,\u201d said Kyle Larkin, Granite President and Chief Executive Officer. \u201cKenny 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.\u201d<\/p>\n<p><b>About Granite<\/b><\/p>\n<p>\nGranite is America\u2019s Infrastructure Company\u2122. Incorporated since 1922, Granite (NYSE: GVA) is one of the largest diversified construction and construction materials companies in the United States and a full-suite civil construction provider. Granite\u2019s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding future events, opportunities, strategic plans, anticipated benefits of the acquisition, market conditions, growth, demand, capital allocation, and long-term value creation. These statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to, economic conditions, integration risks, market demand, regulatory matters, labor availability, and other risks detailed in Granite\u2019s filings with the Securities and Exchange Commission. Granite undertakes no obligation to update or revise any forward-looking statements, except as required by law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260424994563r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260424994563\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260424994563\/en\/<\/a><\/span><\/p>\n<p>\nMedia:<br \/>\n<br \/>Erin Kuhlman<br \/>\n<br \/>Director, Communications<br \/>\n<br \/>(831) 768-4111<\/p>\n<p>\nInvestors:<br \/>\n<br \/>Wenjun Xu<br \/>\n<br \/>Investor Relations<br \/>\n<br \/>(831) 761-7861<\/p>\n<p><b>KEYWORDS:<\/b> California Utah United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Building Systems Other Construction &amp; Property Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260424994563\/en\/662198\/3\/Granite-Logo-Color.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Granite Completes Acquisition of Kenny Seng Construction to Expand Vertically-Integrated Home Market in Utah WATSONVILLE, Calif.&#8211;(BUSINESS WIRE)&#8211; Granite (NYSE: GVA) today announced that it has completed the acquisition of Kenny Seng Construction, strengthening Granite\u2019s vertically-integrated construction and construction materials platform in Utah. Acquisition Highlights Expands Granite\u2019s vertically-integrated home market in Utah, enhancing its construction and materials presence in a high-growth region. Adds end-to-end construction capabilities, including earthwork and site preparation, concrete work, utility installation, project management, aggregate production and materials processing, and transportation. Provides exposure to resilient end markets including revenue from education infrastructure, civil infrastructure, and the private sector. Enhances Granite\u2019s materials footprint, with a hard rock quarry and growth opportunities that include a potential sand and gravel pit, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-completes-acquisition-of-kenny-seng-construction-to-expand-vertically-integrated-home-market-in-utah\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Granite Completes Acquisition of Kenny Seng Construction to Expand Vertically-Integrated Home Market in Utah&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-954719","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Granite Completes Acquisition of Kenny Seng Construction to Expand Vertically-Integrated Home Market in Utah - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-completes-acquisition-of-kenny-seng-construction-to-expand-vertically-integrated-home-market-in-utah\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Granite Completes Acquisition of Kenny Seng Construction to Expand Vertically-Integrated Home Market in Utah - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Granite Completes Acquisition of Kenny Seng Construction to Expand Vertically-Integrated Home Market in Utah WATSONVILLE, Calif.&#8211;(BUSINESS WIRE)&#8211; Granite (NYSE: GVA) today announced that it has completed the acquisition of Kenny Seng Construction, strengthening Granite\u2019s vertically-integrated construction and construction materials platform in Utah. Acquisition Highlights Expands Granite\u2019s vertically-integrated home market in Utah, enhancing its construction and materials presence in a high-growth region. Adds end-to-end construction capabilities, including earthwork and site preparation, concrete work, utility installation, project management, aggregate production and materials processing, and transportation. Provides exposure to resilient end markets including revenue from education infrastructure, civil infrastructure, and the private sector. Enhances Granite\u2019s materials footprint, with a hard rock quarry and growth opportunities that include a potential sand and gravel pit, &hellip; Continue reading &quot;Granite Completes Acquisition of Kenny Seng Construction to Expand Vertically-Integrated Home Market in Utah&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-completes-acquisition-of-kenny-seng-construction-to-expand-vertically-integrated-home-market-in-utah\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-27T10:48:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260424994563r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-completes-acquisition-of-kenny-seng-construction-to-expand-vertically-integrated-home-market-in-utah\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-completes-acquisition-of-kenny-seng-construction-to-expand-vertically-integrated-home-market-in-utah\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Granite Completes Acquisition of Kenny Seng Construction to Expand Vertically-Integrated Home Market in Utah\",\"datePublished\":\"2026-04-27T10:48:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-completes-acquisition-of-kenny-seng-construction-to-expand-vertically-integrated-home-market-in-utah\\\/\"},\"wordCount\":496,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-completes-acquisition-of-kenny-seng-construction-to-expand-vertically-integrated-home-market-in-utah\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260424994563r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-completes-acquisition-of-kenny-seng-construction-to-expand-vertically-integrated-home-market-in-utah\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-completes-acquisition-of-kenny-seng-construction-to-expand-vertically-integrated-home-market-in-utah\\\/\",\"name\":\"Granite Completes Acquisition of Kenny Seng Construction to Expand Vertically-Integrated Home Market in Utah - 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