California-based builder C.W. Driver is expanding its San Diego presence through the acquisition of Good & Roberts (G&R), a local construction company that will operate as a subsidiary of C.W.
G&R will largely retain its daily operations and approach, though the company expects a gradual shift in management structure.
“This acquisition is an exciting opportunity for both companies,” said Joe Grosshart, regional VP in C.W. Driver’s San Diego office. “Good & Roberts shares the same core values as C.W. Driver while serving their customers in a highly specialized market niche. C.W. Driver brings improved access to financial and technical resources. Together, we are much more capable of serving all of our respective clients' needs regardless of project size or market sector.”
The G&R deal is part of a larger campaign on behalf of C.W. Driver to expand into key market niches, according to the company. C.W. currently has maintained good standing in the San Diego market since 2006, with projected revenue topping $120 million this year in the region.
The terms of the transaction were undisclosed.