DPR Construction has acquired GE Johnson

Meridian Capital LLC (“Meridian”), a Seattle-based middle market corporate finance and M&A advisory firm is pleased to announce the successful agreement of its client GE Johnson to join DPR Construction and its family of companies (“DPR”).

The agreement offers both companies strategic growth and employee development opportunities. GE Johnson will continue to further its presence in the Mountain States by leveraging DPR’s global customer relationships. At the same time, employees of both firms will see increased career and growth opportunities.

For customers, it will be business as usual with GE Johnson. GE Johnson and H.W. Houston Construction will maintain their brands, and GE Johnson will continue to operate as its own contracting entity. President & CEO Jim Johnson will remain in his role along with other GE Johnson leaders.

“Even as we’ve grown successfully into new markets, we wanted to engage with a global firm that supports our culture and people and aligns with our values,” Johnson said. “We are elated to announce that we are joining the DPR family of companies. This will continue to provide long-term financial assurance, continued leverage of our self-perform capabilities, career opportunities for staff and craft, and access to the latest in technology and delivery methods.” Johnson added “Meridian Capital was great in terms of managing us through this process, and we are pleased with our new partner in DPR.”

“We welcome GE Johnson to the DPR family and are excited to be able to better support our customers in the locations where GE Johnson has established itself as one of the best builders,” said George Pfeffer, who serves on DPR’s management committee. “Both our firms see ourselves as builders first. It’s exciting to know that our talented people at both companies will have more opportunities to share their passion for building.”

James Rothenberger, Managing Director at Meridian stated, “Jim and the senior leadership team of GE Johnson have built an incredible company that many customers want to work with on a deeper basis. As part of the DPR family, GE Johnson will continue its strategic growth for many years to come. We are excited for what the future holds for DPR and GE Johnson.”

Elaine Ervin from the Moss Adams Seattle office and Eric Ryan from the SKR Colorado Springs office provided accounting services as part of the agreement. Patrick Lamb from Carney Badley Spellman and David McDermott from Susemihl, McDermott & Downie, P.C. provided legal services as part of the agreement.

GE Johnson’s agreement with DPR represents continued momentum for Meridian’s Construction, Engineering, and Building Products practice. Other recent transactions include Weatherhaven’s acquisition by White Wolf Capital and Mandere Construction and Northwest Building Components acquisitions by Kodiak Building Partners.