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Completed Transactions > Business Services > J&R Construction have been acquired by JWright

J&R Construction have been acquired by JWright

J&R Construction

Date

Aug 2013

Region

Utah

Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, J&R Construction, Inc. (J&R), headquartered in Roosevelt, Utah, by JWright Companies, Inc. (JWright), headquartered in Evanston, Wyoming. The transaction closed on August 21, 2013.

J&R offers a variety of oil and gas field services, including building locations, roads, and tank batteries, as well as laying pipelines and roadways. The Company utilizes certified welders and contract pumpers. J&R operates in a region with substantial fossil energy resources, including coal, natural gas, and oil reserves, and is surrounded by three major basins in the eastern part of the state. The company has a 30+ year outstanding reputation for excellent capabilities and superior customer service.

Managing Directors, Stephen Crisham, Dave Lewis and Vice President, Mike Meredith, led the Generational Equity deal team that advised J&R on the transaction. Dave Lewis stated, "This transaction was the ideal situation in which a highly-strategic buyer was seeking an increased presence in the Wyoming-Utah region for oilfield construction and services. The terms of the transaction provided our client, Dennis Jensen, with his desired ownership exit strategy and met the needs of employees and clients of J&R for continued employment and service." JWright is a contractor with experience, knowledge, manpower, and the machinery to perform all kinds of projects including excavation, grading, highway improvements, commercial buildings, and more. JWright is well known for saving clients money on the bottom line; the organization allows the client to cut costs and allocate funds into areas of importance throughout every project. JWright was ranked as number 5 of the 50 fastest growing companies of 2009. "We are dedicated to meeting and exceeding our clients' expectations, and have developed lasting relationships through our professionalism, organization and value engineering," states Jeffrey D. Wright, PE, President of JWright Companies, Inc.

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