Engineering, Construction & Building Products, Family Business
GE Johnson has joined the DPR Family of Companies
Published October 6, 2021
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON
Meridian Capital LLC (“Meridian”), a Seattle-based middle market corporate finance and M&A advisory firm is pleased to announce the successful agreement of its client GE Johnson to join DPR Construction and its family of companies (“DPR”).
The agreement offers both companies strategic growth and employee development opportunities. GE Johnson will continue to further its presence in the Mountain States by leveraging DPR’s global customer relationships. At the same time, employees of both firms will see increased career and growth opportunities.
For customers, it will be business as usual with GE Johnson. GE Johnson and H.W. Houston Construction will maintain their brands, and GE Johnson will continue to operate as its own contracting entity. President & CEO Jim Johnson will remain in his role along with other GE Johnson leaders.
“Even as we’ve grown successfully into new markets, we wanted to engage with a global firm that supports our culture and people and aligns with our values,” Johnson said. “We are elated to announce that we are joining the DPR family of companies. This will continue to provide long-term financial assurance, continued leverage of our self-perform capabilities, career opportunities for staff and craft, and access to the latest in technology and delivery methods.” Johnson added “Meridian Capital was great in terms of managing us through this process, and we are pleased with our new partner in DPR.”
“We welcome GE Johnson to the DPR family and are excited to be able to better support our customers in the locations where GE Johnson has established itself as one of the best builders,” said George Pfeffer, who serves on DPR’s management committee. “Both our firms see ourselves as builders first. It’s exciting to know that our talented people at both companies will have more opportunities to share their passion for building.”
James Rothenberger, Managing Director at Meridian stated, “Jim and the senior leadership team of GE Johnson have built an incredible company that many customers want to work with on a deeper basis. As part of the DPR family, GE Johnson will continue its strategic growth for many years to come. We are excited for what the future holds for DPR and GE Johnson.”
Elaine Ervin from the Moss Adams Seattle office and Eric Ryan from the SKR Colorado Springs office provided accounting services as part of the agreement. Patrick Lamb from Carney Badley Spellman and David McDermott from Susemihl, McDermott & Downie, P.C. provided legal services as part of the agreement.
GE Johnson’s agreement with DPR represents continued momentum for Meridian’s Construction, Engineering, and Building Products practice. Other recent transactions include Weatherhaven’s acquisition by White Wolf Capital and Mandere Construction and Northwest Building Components acquisitions by Kodiak Building Partners.
About GE Johnson
For more than half a century, GE Johnson has been dedicated to enriching our communities by leading and building projects with the best people and ideas. The company embraces the power of ingenuity and trusting relationships, and values integrity, safety, collaboration, and excellence. GE Johnson is headquartered in Colorado Springs with regional offices in Colorado, Kansas, Oklahoma, and Wyoming. The building portfolio includes projects in the healthcare, education, multi-family/hospitality, advanced technology, commercial office, public/Federal, and cultural markets. Please visit gejohnson.com for more information.
About DPR Construction
DPR Construction is a forward-thinking, self-performing general contractor and construction manager specializing in technically complex and sustainable projects for the advanced technology, life sciences, healthcare, higher education and commercial markets. DPR’s portfolio of work ranges from large-scale new construction to small tenant improvements and special projects. Founded in 1990, DPR is a great story of entrepreneurial success as a private, employee-owned company that has grown to a multi-billion-dollar organization with offices around the world. Strategically focused on delivering more predictable outcomes through applications of virtual design & construction, prefabrication, its corps of self-perform craft, and leveraging data to learn and improve from, DPR consistently ranks among the top building contractors and employs approximately 9,000 professionals across its family of companies. For more information, visit http://www.dpr.com.
For more information about this transaction, please contact one of the team members below:
About Meridian Capital
Founded in 1995, Meridian Capital is a Seattle-based M&A advisory firm, advising business owners on complex corporate finance, M&A and strategic challenges for over 26 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of professionals with financial, transactional, and operational expertise, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace & defense, business services, consumer, diversified industrials, food & beverage, technology, and telecommunications.