Granite Construction $565 million acquisition of Layne Christensen

Overview:

• Granite Construction has acquired water management, construction and drilling company Layne Christensen in a $565 million deal.
• The transaction price includes the assumption of Layne Christensen's debt.
• Perella Weinberg Partners served as financial adviser for Granite Construction and Greentech Capital Advisors acted for Layne Christensen.
• The transaction is expected to close in the second quarter of 2018.

Kurt Stumpo - Journalist