Granite Purchases Quarry and Barge Loading Facility on Vancouver Island
04/25/2023 - 06:45 AM
WATSONVILLE, Calif. --(BUSINESS WIRE)--
Granite (NYSE:GVA) announced today that it has completed the acquisition of Coast Mountain Resources (2020) Ltd., a construction aggregate producer based in British Columbia, Canada on Malahat First Nation land. Coast Mountain Resources operates the Bamberton Quarry on Vancouver Island , which is strategically located on the deep water of the Saanich Inlet. Granite has been a customer of the quarry due to its high-quality aggregate and strategic proximity to our home markets.
“We’re excited to work with the Malahat First Nation to accomplish a shared goal of managing a safe and environmentally responsible operation,” said Vice President of Construction Materials Brad Estes . “We look forward to working with the Malahat Nation to ensure that our business is an integral part of their community for decades to come.”
“Supporting and strengthening our vertically integrated home markets, which we have done through the acquisition of CMR and the previously announced acquisition of Brunswick Canyon in Nevada , is at the core of our strategic plan,” explained President and CEO Kyle Larkin . “We’re happy to have CMR in our portfolio and we will continue to be opportunistic in future investments to support the growth of our home markets.”
About Granite
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s 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. For more information, visit the Granite website, graniteconstruction.com , and connect with Granite on LinkedIn , Twitter , Facebook , and Instagram .
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Media
Erin Kuhlman 831-768-4111
Wenjun Xu - 831-761-7861
Source: Granite
Granite Construction Inc.
GVA Rankings
#1894 Ranked by Stock Gains
GVA Stock Data
Industry
Highway, Street, and Bridge Construction
Sector
Construction
Tags
Industrial Services, Engineering & Construction, Construction, Highway, Street, and Bridge Construction
Country
US
City
Watsonville
About GVA
since 1922, granite has continued a long-standing commitment to our clients at the private, local, state, and federal level, providing award-winning infrastructure and heavy civil construction services in mining, earthwork, water/sewer, power, tunneling, rail, highway and bridge construction. granite continues to be an industry pioneer in alternative project delivery (design-build, cmar/cmgc, best value) establishing true partnerships with both the owner and designer to guarantee a cohesive project team. granite constructs approximately $800 million of apdm projects annually, and has completed over $12 billion in alternative procurement projects in the last decade. headquartered in watsonville, ca, granite construction, inc is publicly traded on the new york stock exchange (nyse: gva). disclaimer regarding official "granite" job postings: all open positions available with granite construction inc., and its subsidiary companies, are available to apply on www.graniteconstruction.com/car
