DiGeronimo Cos. establishes a foothold in the southeastern United States, a key growth market for independent contractors and developers.
Through its Independence Construction division, DiGeronimo will acquire Atlanta-based Winter Construction and Winter Environmental. These are collectively called Winter Cos.
The undisclosed parties have not disclosed terms of the transaction, which is expected to close later this year.
“We are grateful for the opportunity to expand into the Southeast with Winter. “Together we will accelerate our growth in existing and new markets, and we are very excited about the future,” Geronimo Jr. said in a statement.
DiGeronimo Cos. generates approximately $750 million in annual revenue from combined construction, demolition and environmental work. This does not include the Group’s growing property development division. Acquisition of Winter Cos. puts annual sales in his $1 billion range.
The family plans to keep the Winter name.
“We have been partnering with DiGeronimo for five years,” Winter CEO Brent Reid said in a written statement. Recognizing their shared values and ambitions above all, Winter and Digeronimo aim to accelerate growth and add more value to their employees, clients and employees. our community is together. ”
DiGeronimo has over 1,100 employees and Winter has around 200. These personnel increase during the height of the construction season.
Founded in 1962, Winter Construction serves as general contractor for a wide range of public and private sector projects. Winter Environmental provides mitigation and remediation services including asbestos, lead, mold and other hazardous materials.
DiGeronimo Cos. started as a drilling company in 1956 and gradually expanded into areas such as construction management, general contracting and restoration.
“Depending on the group, we go all over the country,” president Kevin Digeronimo said in an interview. “It’s definitely part of our strategic plan to grow into that Southeastern market more generally. This puts it in Hyperdrive.”
Meanwhile, on the business development side, we’re working on projects that include reclaiming two former Ford Motor plant sites in northeastern Ohio. Mixed-use Valor Acres reimagined in a former US Department of Veterans Affairs hospital facility in Brexville.