GH Phipps Acquires Delta Construction, Inc.
Addition gives Colorado company more depth and capabilities in Wyoming market
Greenwood Village, Colo., – GH Phipps Construction Companies, one of the largest construction companies in the Rocky Mountain region, acquired Delta Construction, Inc., a Wyoming corporation, on Friday, Oct. 1, 2010. The transaction will make Delta Construction, Inc. a wholly owned subsidiary of GH Phipps Construction Companies. The Wyoming-founded company will continue to operate out of its Laramie office under its current name.
The acquisition of Delta Construction, Inc. is a part of GH Phipps Construction Companies’ long-term growth strategy, and enables the company to increase its capabilities within additional vertical markets such as hospitality and multi-family apartment complexes.
“GH Phipps Construction is proud to welcome Delta Construction, Inc. to our team,” said Kurt Klanderud, president of GH Phipps Construction Companies. “When we began talking with Delta, it was important for us to look at the company’s values, culture and the manner in which it treated its employees and clients. What we found was that Delta and GH Phipps share similar philosophies in these areas, and we think there will be some strong synergies for the two companies.”
GH Phipps Construction will provide supplemental resources and experience to the Delta Construction, Inc. team to allow the company to go after additional and larger projects in the Wyoming market. Furthermore, the acquisition is the first step in diversification for GH Phipps Construction that will allow for more stability through market fluctuations.
“This is a great piece of news for Delta Construction, Inc. because it signifies long-term stability for our company and our employees,” said Greg Orr, CEO of Delta Construction, Inc. “By joining the GH Phipps team, we’re expand our capabilities in the Wyoming market and beyond.”
Delta Construction, Inc. has a 35-year history as a commercial general contractor, working on projects throughout Wyoming. Because of its strong relationships in the market and proven track record, Delta Construction, Inc. will remain in its Laramie office.
Both Delta Construction, Inc. and GH Phipps will continue to use the same vendors and partners, as each maintains strong relationships within their operational networks.
“It is important to GH Phipps that we support the deep Wyoming roots and relationships Delta and its employees have in the community. Joining forces with GH Phipps will actually increase resources for both companies, and we’re excited for what the future holds,” Klanderud said.
About GH Phipps Construction Companies
GH Phipps is an employee-owned full service Construction Manager/General Contractor. Revenues over $280 million make GH Phipps one of the nation's top 400 contractors since 1985. Corporate headquarters are located in Greenwood Village, Colorado with branch offices in Cheyenne, Wyoming, Colorado Springs, Colorado and Fort Collins/Loveland, Colorado.
About Delta Construction, Inc.
Delta Construction, Inc. is a Wyoming-based general contractor/construction manager proudly serving the Wyoming area since 1975. We provide a diverse range of management services for commercial, residential, private and public construction projects.