LeChase Construction Services, LLC, a full-service construction management and general construction firm, is strengthening its foothold through an agreement to purchase select construction business assets in Raleigh-Durham and upstate New York from Lendlease Americas Inc. The deal, valued at an undisclosed amount, will enable these offices to continue to grow and succeed with LeChase, the company says in a news release.
“These assets – which are really a team of talented employees, good customers and a well-earned reputation – are well aligned with LeChase’s business and growth strategy,” said William H. Goodrich, LeChase’s CEO and managing partner. They will help LeChase continue to develop its longstanding presence in Upstate New York and expand its scale and relationships in North Carolina – our primary markets. At the same time, the transaction allows Lendlease to evolve its plan to focus on major metropolitan cities. It’s a unique opportunity and the right timing for both companies.”
Goodrich noted that the transaction is subject to customary conditions, but that both firms will work to quickly and smoothly close the transaction. LeChase plans to invest in the acquired assets, and employees of Lendlease in those offices will have the opportunity to join LeChase.
Denis Hickey, chief executive officer in the Americas for Lendlease , said in a statement: “The Americas Construction Management business is one that we are proud to have grown and managed. This sale will allow Lendlease Americas to increase our focus on markets that allow us to grow our development and construction pipeline and capabilities in the key US gateway cities of New York, Chicago, Los Angeles, San Francisco, Boston, and Washington, DC. In turn, the construction operations in Upstate New York and Raleigh-Durham will have the opportunity to flourish as a part of LeChase, and our clients in those areas will have uninterrupted service on their current and future projects.”