Wednesday, October 20, 2010
SARASOTA, Fla. --- CORE Construction announces the acquisition of the assets of Kansas City-based Walton Construction, LLC to form Walton Construction–a CORE Company, LLC.
John Wiseman (top right photo), president of CORE Construction Services of Florida, LLC, said the acquisition includes a substantial portion of Walton’s existing projects and assets as well as some 240 Walton Construction employees.
The asset acquisition concludes more than six months of discussions, Wiseman said.
CORE Construction is currently ranked 100 in revenues by Engineering News Record, while Walton is ranked 127.
Wiseman said the acquisition substantially expands CORE’s capabilities.
“We are very pleased with the addition of Walton management and employees to the CORE family,” said Jim Jacobs, president and chief executive officer of The CORE Companies. “The Walton brand has great value in our industry and our common area of expertise strengthens our position in many industry sectors,” he said.
“This acquisition will allow us to blend our talent and resources. CORE will be able to aggressively pursue new as well as strengthen existing relationships, both in the private and public sector,” Wiseman said.
CORE Construction is a 70 year old construction management, design-build and general contracting firm with more than 1,000 employees with annual revenues in excess of $550 million.
CORE serves a range of clients in the senior housing, education, municipal, energy and commercial markets throughout the U.S. The integrated company has offices in seven states.
For more information, please contact
John P. Wiseman, President CORE Construction Services of Florida, LLC, 6320 Tower Lane, Sarasota, FL 34240, 941-552-0240.
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142