{"id":9124,"date":"2022-04-19T17:50:43","date_gmt":"2022-04-20T00:50:43","guid":{"rendered":"https:\/\/essential.construction\/news\/?p=9124"},"modified":"2022-04-19T17:50:43","modified_gmt":"2022-04-20T00:50:43","slug":"lechase-construction-expands-albany-footprint-with-sano-rubin-acquisition","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/lechase-construction-expands-albany-footprint-with-sano-rubin-acquisition\/","title":{"rendered":"LeChase Construction expands Albany footprint with Sano-Rubin acquisition"},"content":{"rendered":"
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LeChase Construction Services has acquired Sano-Rubin Construction as it expands its footprint across New York\u2019s Capital Region.<\/p>\n

The two firms announced the acquisition Thursday but did not disclose how much LeChase bought the company for Sano-Rubin has served the region as a family-run general contractor and construction management service for over a century.<\/p>\n

Dave Hollander, Sano-Rubin\u2019s president and fourth-generation Rubin running the company, said the decision to relinquish the firm was a \u201ctough one.\u201d<\/p>\n

Initially, the idea was exploratory as he sought a succession plan, he explained, but then realized the two firms meshed well together and he respected LeChase\u2019s CEO, William Goodrich, and president, Will Mack.<\/p>\n

\u201cI\u2019m in the prime of my career (but) firms are hard to divest from and it seems like a great opportunity to merge with a great firm and really together, go after the local marketplace,\u201d Hollander said.<\/p>\n

\u201cFull honesty, I have mixed emotions because it has been a family company for 112 years, but I think it\u2019s the right thing to do for my people,\u201d he added.<\/p>\n

Hollander initially planned to retire but is staying on as a local branch vice president instead. Under the deal, Sano-Rubin will become a subdivision under LeChase. All employees from both companies will be retained and Mack said they\u2019re even looking to hire about 15 more workers locally.<\/p>\n

Over time, the two entities will merge their offices and operations, co-locating into one space. LeChase said the purchase will accelerate its long-term growth in the area. LeChase currently has 11 offices in the U.S., half of which are in upstate New York, and generates a combined $125 million in annual revenue from the Capital Region, the company said.<\/p>\n

LeChase manages over $1 billion in construction across its offices annually and has been expanding since its inception in 1944. In 2015, it acquired C.W. Brown, Inc., the upstate operations of Lendlease Americas in 2016, and Syracuse\u2019s Northeast Construction Services in 2010.<\/p>\n

\u201cThe addition of Sano-Rubin will allow LeChase to pursue a wider range of projects in its core markets, which include health care, education, industrial, multi-family housing, and entertainment and hospitality,\u201d the firm said in a news release.<\/p>\n

The two companies pointed to major developments about to be undertaken in the area, from Global Foundries\u2019 new plant in Malta to the Port of Albany\u2019s expansion and the new Wadsworth laboratory, all of which they hope to be a part of.<\/p>\n

\u201cWe intend to continue to excel and execute projects to make sure that our customers retain the 100 percent satisfaction that we\u2019re so famous for,\u201d Mack said.<\/p>\n

This item was originally posted here: Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

LeChase Construction Services has acquired Sano-Rubin Construction as it expands its footprint across New York\u2019s Capital Region. The two firms … Read more<\/a><\/p>\n","protected":false},"author":0,"featured_media":9125,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1066,461],"tags":[],"class_list":["post-9124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-world-construction-today","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/9124","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"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=9124"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/9124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media\/9125"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=9124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=9124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=9124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}