Zachry Construction Expands Water Infrastructure Capabilities
Strategic Acquisition by Zachry Construction Corporation
Zachry Construction Corporation, a prominent player in the heavy civil and industrial construction sector, has reached an agreement to acquire Crescent Constructors. This acquisition is pivotal in expanding Zachry's capabilities within the water infrastructure domain, a sector notably recognized for its rapid growth and essential service to communities.
Insights from Company Leadership
Travis Mross, Executive Vice President of Zachry, expressed enthusiasm about this development, stating, "This acquisition marks an exciting expansion for Zachry into the water infrastructure market." He emphasized that Crescent brings specialized expertise and a successful track record, enhancing Zachry's presence in this vital segment.
About Crescent Constructors
Crescent Constructors, based in Plano, Texas, complements Zachry's portfolio by focusing exclusively on municipal and industrial water projects. With a dedicated team, Crescent has an impressive resume of water and wastewater treatment plant projects that align perfectly with Zachry's strategic goals.
Future Vision and Community Commitment
Mike Daigre, the founder of Crescent, highlighted the shared values between the two companies. He noted, "Joining Zachry marks an important evolution for our company." This partnership is structured to amplify capabilities while maintaining a commitment to safety, culture, and community service.
Operational Synergy and Benefits
As an affiliate of Zachry Construction, Crescent will retain its identity while benefiting from Zachry's expansive resources and market reach. This operational synergy is expected to enhance project execution and client satisfaction significantly.
Positioning for the Future
Mross added, "Water is the future of infrastructure," indicating the strategic significance of this acquisition. With enhanced capabilities, Zachry aims to lead in water infrastructure, not only for clients but also for the communities they serve.
About Zachry Construction Corporation
Zachry Construction Corporation is a leading, privately owned construction firm with a rich history spanning 100 years. Based in San Antonio, this family-operated business excels in delivering large, complex projects globally.
About Crescent Constructors
Crescent Constructors specializes in various water infrastructure services, focusing on the design and construction of essential projects that contribute to community welfare.
Frequently Asked Questions
What is the significance of Zachry's acquisition of Crescent Constructors?
The acquisition will enhance Zachry's capabilities in the water infrastructure sector, tapping into a rapidly growing market essential for community development.
How does this acquisition benefit the communities served?
By strengthening infrastructure services, the acquisition aims to provide better water management solutions, directly benefiting local communities.
Will Crescent continue its operations under the same name?
Yes, Crescent will operate as a Zachry Construction affiliate, maintaining its distinct identity while gaining additional resources.
What areas of expertise does Crescent bring to Zachry?
Crescent brings significant expertise in municipal and industrial water projects, specializing in the design and construction of crucial water management systems.
What future plans does Zachry have for its infrastructure portfolio?
Zachry plans to leverage the strengths of Crescent Constructors to expand its water infrastructure projects, further establishing its position as a leader in this vital area.
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