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| Granite acquires The Superior Group of Companies Granite Construction Incorporated announced the signing of a definitive agreement to acquire certain assets of The Superior Group of Companies, a Pacific Northwest-based construction materials producer and asphalt paving company for an estimated purchase price at closing of between $56.8 million and $59.8 million in cash. Under the signed agreement, Granite will purchase certain assets of Superior, including 16 asphalt plants, approximately 50 million tons of permitted reserves (owned and lease-rights), construction equipment and rolling stock and all associated shops and buildings. Under the company's recently announced organizational realignment, this acquisition will become a part of Granite West's Northwest Operating Group. Newly appointed Granite West Vice President, Jay McQuillen, will oversee the Northwest Operating Group, which includes operations located in the states of Washington, Oregon, Nevada, Idaho, Utah and Alaska. McQuillen has been with Granite for 21 years and has served as the Branch Manager of the Southern California Branch since 2000. write your comments about the article :: © 2007 Construction News :: home page |