Related Links: SOURCEBOOK: Firms Get Creative To Weather Economy ENR Top 400 Contractors 2011 Seeking to expand into new territory and market segments, Skanska USA, New York City, has acquired Evansville, Ind.-based Industrial Contractors Inc., a leading midwest industrial and energy contractor. The $135-million cash deal, announced Dec. 29, also includes three ICI-affiliated companies. Skanska will integrate the units into its Skanska Civil operation and intends to use the new base to expand its transportation services into the Midwest, says Richard Cavallaro, Skanska Civil president and CEO.ICI ranks at no. 173 on ENR's list of the Top 400 Contractors, with
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.