{"id":32603,"date":"2025-10-03T21:33:37","date_gmt":"2025-10-04T04:33:37","guid":{"rendered":"https:\/\/essential.construction\/news\/zachry-construction-acquires-texas-water-infrastructure-firm\/"},"modified":"2025-10-03T21:33:37","modified_gmt":"2025-10-04T04:33:37","slug":"zachry-construction-acquires-texas-water-infrastructure-firm","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/zachry-construction-acquires-texas-water-infrastructure-firm\/","title":{"rendered":"Zachry Construction acquires Texas water infrastructure firm"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"text-to-speech\">\n    <button class=\"text-to-speech__button button\"><br \/>\n        <img decoding=\"async\" class=\"text-to-speech__button__icon\" src=\"https:\/\/www.constructiondive.com\/static\/img\/play.svg?500116090725\" alt=\"-\"><br \/>\n        Listen to the article<br \/>\n        <span class=\"text-to-speech__button__audio-length\">3 min<\/span><br \/>\n    <\/button><\/p>\n<div class=\"text-to-speech__controls\">\n        <audio controls=\"\" class=\"js-text-to-speech\" preload=\"none\"><source src=\"https:\/\/res.cloudinary.com\/dmgi9movl\/video\/upload\/q_1\/v1759520970\/news\/text_to_speech\/zachry-construction-acquires-water-infrastructure-firm_t2doww.wav\" type=\"audio\/mp3\"><\/source><\/audio><\/p>\n<div class=\"text-to-speech__controls__text\">\n            This audio is auto-generated. Please let us know if you have <a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/contact\/\" target=\"_blank\">feedback<\/a>.\n        <\/div>\n<\/p><\/div>\n<\/div>\n<h3 class=\"standard-heading\"><span><span><span><span><span>Dive Brief:<\/span><\/span><\/span><\/span><\/span><\/h3>\n<ul>\n<li><span><span><span><span><span><span>Zachry Construction, a San Antonio-based infrastructure builder, has reached an agreement to <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/zachry-construction-corporation-agrees-to-acquire-crescent-constructors-expanding-capabilities-in-water-infrastructure-sector-302570718.html\" target=\"_blank\"><span><span><span><span><span><span><span><span>acquire Plano, Texas-based Crescent Constructors<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, a move that will help the contractor hone in on in-demand water projects, according to a Tuesday news release.<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>As part of the deal, 100 employees will continue to operate in Plano under the Crescent Constructors name, per the release. Zachry declined to disclose the financial terms of the deal.<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>Crescent Constructors focuses exclusively on municipal and industrial water projects, an area Zachry Construction believes will buttress its growing portfolio of infrastructure services.<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<h3 class=\"standard-heading\"><span><span><span><span><span>Dive Insight:<\/span><\/span><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><span><span>Earlier this year, the American Society of Civil Engineers called out <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/water-infrastructure-funding-climate-pfas\/743992\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>new threats to water infrastructure<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, particularly in light of \u201cforever chemicals\u201d such as perfluoroalkyl and polyfluoroalkyl substances, or PFAS. At the same time, large infrastructure builders have been <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/construction-earnings-public-aecom-wsp-granite\/741995\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>bullish on the water segment<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, citing growing momentum and the necessity of repairs as driving forces for the sector.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Zachry Construction, for its part, shares the sentiment. Travis Mross, executive vice president of Zachry, told Construction Dive via email that the company is focused on delivering large-scale, complex infrastructure projects across the industrial and civil sectors. Water and infrastructure projects play a key part in that ambition, he added.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cLooking forward, transportation and water infrastructure represent significant opportunities for Zachry Construction and Crescent Constructors to expand our impact, address critical societal needs, and deliver long-term value for our clients,\u201d Mross said.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>M&amp;A activity has <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.mckinsey.com\/industries\/engineering-construction-and-building-materials\/our-insights\/engineering-and-construction-strategic-m-and-a-as-a-catalyst-for-growth\" target=\"_blank\"><span><span><span><span><span><span><span><span>spiked since the COVID-19 pandemic<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> began, according to a report from consulting firm McKinsey. The company found that globally the average number of deals per year increased by around 60%, from approximately 1,100 transactions between 2014 and 2019 to about 1,800 transactions between 2020 and 2024, per the report.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>However, Zachry\u2019s move to acquire Crescent comes amid a <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/uncertainty-contractors-market-outlooks-tariffs-labor\/758970\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>strained economic environment<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, which has had <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/wsp-earnings-mergers-acquisitions-tariffs\/747634\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>downwind effects on M&amp;A activity<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> in construction. Alexandre L\u2019Heureux, the CEO of Montreal-based builder WSP, said during an earnings call in May that instability and a lack of future visibility were the worst things that could happen for M&amp;A.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>To be sure, that hasn\u2019t stopped firms from pulling the trigger. Earlier this year, for example, Canadian builder Graham Construction <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/graham-construction-acquire-xl-industries\/742121\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>merged with California-based XL Industries<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> to expand its U.S. presence.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Going forward, Crescent Constructors is keeping an eye to the future.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cWith the strength of Zachry&#8217;s national platform behind us, we are excited to grow our capabilities and continue delivering essential infrastructure,\u201d said Mike Daigre, founder of Crescent Constructors, in the news release.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructiondive.com\/news\/zachry-construction-acquires-water-infrastructure-firm\/801955\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive &#8230; <a title=\"Zachry Construction acquires Texas water infrastructure firm\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/zachry-construction-acquires-texas-water-infrastructure-firm\/\" aria-label=\"Read more about Zachry Construction acquires Texas water infrastructure firm\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[],"class_list":["post-32603","post","type-post","status-publish","format-standard","hentry","category-construction-dive","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/32603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=32603"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/32603\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=32603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=32603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=32603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}