Mergers and Acquisitions

Kiewit Corporation Acquires Weeks Marine

Weeks Marine Inc. announced January 1 it has been acquired by Kiewit Corporation for an undisclosed amount. The transaction included Weeks subsidiaries Healy Tibbitts Builders Inc., McNally International Inc. and North American Aggregates.

“This acquisition offers substantial opportunities for both companies,” Kiewit CEO Rick Lanoha said. “For Weeks employees, they join one of the largest, most successful construction and engineering organizations in the world. For Kiewit, we gain an exceptionally skilled workforce and the ability to add Weeks’ leading maritime engineering and construction capabilities, dynamic dredging expertise and renowned tunneling services to our portfolio of service.”

The Weeks Marine and Kiewit organizations have worked together on several joint ventures since the 1960s.

“We’ve worked closely with Kiewit on many strategic infrastructure projects across North America, including the Goethals Bridge, Willis Avenue Swing Bridge, the Euclid Storage Tunnel and the Toronto-York Spadina Subway Extension Tunnel, among others,” said Eric Ellefsen, president and CEO of Weeks Marine. “Through these partnerships, it was apparent that the companies share similar cultures and values.”

“Our shared cultures and values, which focus on the success and growth of our people, a relentless commitment to safety and quality and demanding excellence in everything we do will make this acquisition a success,” Lanoha said.

Weeks Marine and its subsidiaries will be independently branded subsidiaries of Kiewit.

Kiewit Construction is headquartered in Omaha, Neb. Weeks Marine is based in Cranford, N.J.