Glenn O. Hawbaker (GOH) acquired HRI, a subsidiary of Colas USA.
FMI Capital Advisors, which served as the exclusive financial advisor to GOH on the deal, reported the transaction.
Founded in 1952, GOH is a heavy and highway contractor serving customers across Pennsylvania, Ohio, West Virginia, Maryland and southern New York. The company operates 19 aggregate facilities and seven asphalt production plants, providing services such as site work, utilities, concrete work, bridge structures and asphalt paving.
HRI is a construction company with expertise in highways, airports, bridges, water and wastewater treatment facilities, asphalt paving and site development. The company runs six hot-mix asphalt plants that support its paving and construction operations.
“The transaction represents a meaningful step forward in GOH’s long-term growth strategy, as HRI’s strong reputation, established operations and complementary capabilities enhance our ability to serve customers across the region,” says Dan Hawbaker, president and CEO of GOH.
