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Thu March 28 2024

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Kiewit expands into marine construction with Weeks acquisition

3 Jan 23 Kiewit Corporation has bought New Jersey-based dredging specialist Weeks Marine and its subsidiaries Healy Tibbitts Builders, McNally International and North American Aggregates, for an undisclosed sum.

The acquisition gives Kiewit an entry into the marine construction sector
The acquisition gives Kiewit an entry into the marine construction sector

Kiewit, based in Omaha, Nebraska, is one of the largest privately-owned construction and engineering companies in North America.

“This acquisition offers substantial opportunities for both companies,” said Kiewit CEO Rick Lanoha. “For Weeks employees, they join one of the largest, most successful construction and engineering organisations in the world. For Kiewit, we gain an exceptionally skilled workforce and the ability to add Weeks’ leading maritime engineering and construction capabilities, dynamic dredging expertise and renowned tunnelling services to our portfolio.”

Over the past 50 years Weeks and Kiewit have worked together on several joint ventures.

“Our shared cultures and values, which focus on the success and growth of our people, a relentless commitment to safety and quality, and demanding excellence in everything we do, will make this acquisition a success,” Lanoha said.

Week Marine and its subsidiaries will be independently branded subsidiaries of Kiewit.

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