Denver, CO – FMI Capital Advisors Inc., a subsidiary of FMI Corporation, is pleased to announce the sale of Scott Contracting, Inc. (“Scott Contracting”) to W.W. Clyde & Co. (“Clyde”). FMI Capital Advisors acted as the exclusive financial advisor to Scott Contracting for this transaction.
Founded in 1995, Scott Contracting is a Colorado-based infrastructure services provider specializing in self-performed earthwork, utilities, concrete paving, and concrete structures construction for both the public and private sectors. The Company also provides construction management and general contracting services. Over its history, Scott Contracting has completed over 700 projects including industrial sites, retail centers, infrastructure replacements for cities and states, as well as water and sewer projects. For additional information, visit Scott’s website at www.scottcontracting.com.
Lon Schumacher, owner of Scott Contracting, commented, “We are excited to join the talented Clyde family who exemplifies our corporate values. W.W. Clyde exceeded our hopes for a strategic partner who will help us carry on our proud tradition of providing excellent service and expert solutions to our Colorado clients. I founded this business in 1995 and the last 23 years have been an incredible journey for Scott Contracting, full of ups and downs. We look forward to continuing to deliver superior value to our clients and securing great growth opportunities for Clyde.”
W.W. Clyde & Co., based in Orem, Utah, provides construction products and services in the Intermountain Region. W.W. Clyde & Co. specialties include: heavy highway, earthwork, asphalt and asphalt paving, and building materials. The Clyde business ventures started in 1926 in Springville, Utah, with the formation of W.W. Clyde & Co., a heavy civil construction contractor. Clyde Companies has grown from a small Utah construction company into a billion-dollar organization with more than 3,500 employees. For additional information, visit Clyde’s website at www.clydeinc.com.
Through the acquisition of Scott Contracting, Clyde plans to build out its existing heavy civil construction business into a new, adjacent geography. Wilford Clyde, a lifelong Utah resident and previous mayor of Springville, has led the company for nearly two decades. Wilford commented, “We are pleased to reach this agreement with Scott Contracting, which provides an immediate complement to our heavy civil business and an ideal expansion opportunity into the highly attractive Colorado market with a company which shares our values and culture.”
About FMI Capital Advisors:
FMI Capital Advisors, a subsidiary of FMI Corporation, is the leading investment banking firm serving the construction industry. With over 700 completed M&A transactions in construction, our industry focus enables us to provide our clients with valuable insight and advice. Clients gain access to our unparalleled network of industry contacts and relationships, deep market knowledge and technical expertise, based on decades of experience.
FMI Capital Advisors Contact:
Ryan Foley, Managing Director
*Represented by FMI Capital Advisors, Inc.