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Mac Donley, President and CEO of Donley’s explains, “This strategic move allows Donley’s to continue to invest and grow our concrete construction business, which ranks 21st nationally and in the top 10 nationally. is from Mississippi in terms of income. We believe this sale is good for our employees and CM customers, and good for Donley’s, as the DiGeronimos have built their premier development and construction business over the past 60 years around the same family culture and values. of which we are proud. “
The acquisition aligns with DiGeronimo’s strategic vision to accelerate the growth of its existing CM business by pursuing selective and larger institutional projects and partnerships where integrated and unique development, construction and service offerings of business investment add the most value.
The sale also exhibits a continuity in leadership, as Donley’s longtime executive vice president. Don dreier and vice-president CM Greg Consolo will lead the approximately 40 members of Donley’s CM team who will transition with the company and join Independence Construction.
“DiGeronimo and Donley’s have been doing business together for 48 years; we know each other’s owner and management teams well,” said Vic DiGeronimo, Jr., Managing Director of DiGeronimo Companies. “We worked for each other and side by side. You learn a lot about the people in these environments and we felt this opportunity to increase our capabilities was just perfect. “
“Success in the construction industry depends on the type of people you have,” said Kevin DiGeronimo, director of DiGeronimo Companies. “Culture is everything to us and both organizations are some of the best people in the business. We are delighted to welcome the Donley CM team to our family of companies. “
About Donley
Donley’s is a nationally recognized fourth generation leader in structural concrete, design-build and restoration services. The company is headquartered at Cleveland since its founding in 1941. The company has a regional presence with additional offices in Virginia, North Carolina and Caroline from the south. Developing real partnerships with its customers and its design teams is fundamental in Donley’s approach. The success of these partnerships is based on Donley’s four core values of people, safety, solutions and performance. To learn more, visit www.donneyinc.com.
About DiGeronimo companies
A partner. Every solution. By definition, a partner is an ally, a teammate, someone to be treated like family. DiGeronimo has been the trusted development and construction partner for hundreds of businesses, providing solutions for every project from scratch. For over 60 years, DiGeronimo has combined integrity with unmatched standards through a diverse portfolio of services. DiGeronimo Companies is not just a choice, it is an integrated partner for all your project needs. To learn more, visit www.digeronimocompanies.com.
About FMI Capital Advisors
FMI Capital Advisors, a subsidiary of FMI Corporation, is a leading investment bank dedicated to the built environment. With more than 750 M&A transactions completed, our industry focus allows us to maximize value for our clients through our in-depth market knowledge, strong technical expertise and an unrivaled network of industrial relations.
IMF Capital Advisors’ Contractor & Construction Services is a dedicated group specializing in mergers and acquisitions, capital formation and ownership transition services for construction companies and related service providers including general contractors, contractors civilians, trade contractors, and industrial and commercial construction service providers.
For more information, visit FMI Capital Advisors.
IMF Capital Advisors Contacts
John Steinegger, Director
[email protected]
303.398.7210
Alex miller, General Manager, Contractor and Construction Services
[email protected]
919.785.9234
Media contact: Liz hester
E-mail: [email protected]com
Telephone: 919.785.9209
SOURCE FMI Corporation
Related links
http://www.fminet.com
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