We are pleased to share the sale of our client, R. C. Stevens Construction Co., to Cianbro. The acquisition closed April 1, 2022.
R. C. Stevens, located in Winter Garden, Florida, is one of the oldest and most experienced construction leaders in the southern U.S. Founded in 1926 by Raymond C. Stevens, the company has earned wide recognition through the years as a full-service design/builder, construction manager, and general contractor specializing primarily in two distinct, difficult entry markets: food & beverage and healthcare.
Headquartered in Pittsfield, Maine, Cianbro was founded in 1949 and is one of America’s largest, employee-owned, open shop, construction and construction services companies.
Throughout its 70+ year history, Cianbro has safely and efficiently planned, managed, and constructed many technically complex, historic, and environmentally sensitive projects for a wide variety of public and private clients across the United States.
A total commitment to safety, combined with the enthusiasm of an innovative team of construction professionals, has enabled Cianbro to build a durable reputation for completing projects safely, on schedule, and within budget.
The acquisition will provide a permanent establishment in the southeastern United States and open additional opportunities to expand their markets. Tim Keating, President of R. C. Stevens, will remain active and continue to lead the R.C. Stevens organization as President following the acquisition.
“I am elated for our team members here at R. C. Stevens and what the future holds,” said Keating.
“Cianbro is a well-respected and well-run organization. There is no doubt, they care about their team members. Having their ongoing support for our growth strategy will enhance the offerings to our clients as well as create career growth opportunities for team members.”
“R. C. Stevens is a 95-year-old construction company that we greatly admire in terms of its culture, commitment to people, and of course, the quality of their work,” said Pete Vigue, Chairman of Cianbro’s Board of Directors.
Vigue added, “Whenever an opportunity like this presents itself, we evaluate how well the company’s mission and values align with our own, and R. C. Stevens absolutely aligns. Ultimately, this acquisition will benefit both companies; expanding and complementing Cianbro’s current geographic presence in the southeastern United States, while supporting R. C. Stevens growth strategy.”
Richard Brescia, Executive Vice President of Cianbro, adds “R. C. Stevens has a great reputation in the industry, and they excel in process industrial, healthcare, and commercial construction. Together, we will leverage our collective experience and expertise to benefit existing and future clients within the healthcare, food and beverage, life science, technology, and related building, industrial, and manufacturing markets.”
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Sr. Managing Director Mergers & Acquisitions, Terry Mackin, with the support of Senior Vice President, M&A, Tristan Keefe, successfully closed the deal. Senior Managing Director Thomas Hamm established the initial relationship with R. C. Stevens.
“Our marketing produced many qualified suitors for R. C. Stevens,” said Mackin. He added, "In the end our client went with the group that they were most familiar with and trusted would take good care of the legacy that had been built over 95 years.”
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Engineering, Contracting & Construction M&A Deals page.
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
Generational Equity, LLC’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables Generational Equity to serve you more efficiently and makes it more convenient for you to do business with Generational Group. Generational Equity is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.
Honored to win Investment Banking Firm of the Year 3 years running.
Over 50 awards and counting.
Sign up to receive regular email updates, industry-leading insights and details on complimentary M&A executive conferences in your area from our award-winning team
Success, you have been added to our list.