Granite Construction (GVA) Announces Multiple Divestures

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Go back to Granite Construction (GVA) Announces Multiple Divestures

Granite Announces Divestitures and Actions in Alignment with New Strategic Plan

February 3, 2022 6:45 AM EST

Enters into definitive agreement to sell trenchless and pipe rehabilitation services business (Inliner) Discloses intent to sell water supply, treatment, delivery and maintenance business (Water Resources) and mineral exploration drilling business (Mineral Services) Increases share repurchase program to $300 million Reorganizes operating groups and changes reportable segments

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) today announced several actions designed to position the Company to focus on efficiently growing its core civil construction and materials business.

Strategic Actions

On February... More