Granite Acquires LiquiForce to diversify business operations

Granite Construction has acquired LiquiForce as part of a strategic plan to diversify and grow its business. More than a 100 employees of the privately owned company, which serves public and private water and wastewater customers in the US and Canada, will transfer to Granite’s team. The transaction is expected to be immediately accretive to Granite’s 2018 earnings per share.

Going forward, LiquiForce will continue to operate from offices in Kingsville, Ontario, Hamilton, Ontario, and Romulus. It provides a range of underground contracting services including lateral liner rehabilitation, mainline Cured-in-Place Pipe (CIPP), project management, manhole rehabilitation and mainline point repairs.

James H. Roberts, president and chief executive officer of Granite, said: “The addition of LiquiForce also is in alignment with our recent announcement to acquire Layne Christensen. As we consolidate and grow our position in the attractive water and wastewater sector, Granite has significant opportunities to capture a larger share of the market and accelerate our growth prospects. These strategic transactions represent a combination of complementary organizations which create a platform for growth, delivering meaningful benefits for shareholders, employees, and customers. We expect value creation for shareholders in both the near- and long-term, including earnings accretion and synergy realization.

“This deal highlights some of the exciting opportunities for profitable growth ahead for Granite. We are proud to add a deep bench of trenchless and CIPP industry veterans who have developed industry leading technology. Combined with our existing Kenny Underground business, the LiquiForce addition provides a highly complementary set of trenchless rehabilitation solutions and expertise to Granite’s existing portfolio, allowing us to better serve clients.”

“Importantly, LiquiForce is a company that not only complements our customer and project portfolio, it also shares Granite’s values. Employees will have opportunities to grow into new roles and learn about new businesses as part of a larger, more diversified company. Together we will profitably grow our business, across geographies, delivering a broadening portfolio of services and the high-quality products and services that Granite and LiquiForce clients have come to expect”, Roberts added.


(Visited 128 times, 4 visits today)

Get involved


As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us


Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs


Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.