Obayashi Corporation, a global construction and infrastructure development company, has agreed to buy 90% of the shares of MWH Constructors, a major U.S. water infrastructure contractor.
MWH Constructors announced that it had agreed to be acquired on January 11, 2024. Financial terms of the acquisition were not disclosed.
MWH offers construction of water/wastewater treatment and advanced technology manufacturing facilities.
MWH stated that the acquisition enables the company to continue geographic expansion and gain additional market share in the growing U.S. water infrastructure and industrial manufacturing markets. Additionally, it brings an opportunity for MWH to collaborate with Obayashi Corporation's North American Civil Group and Obayashi's existing U.S. subsidiaries, including Webcor Builders and Kraemer North America.
"Joining forces with Obayashi enables MWH to reach our short- and long-term goals of organizational growth, excellence in client service, and the continued development of some of the best construction professionals in the USA,” said Blair Lavoie, MWH’s president and CEO
The company grew out of a water-focused engineering and construction organization originally founded in 1820. MWH operates through MWH Constructors and its two wholly owned subsidiaries, Slayden Constructors and Methuen Construction.
In addition to being a market leader in the construction of water and wastewater treatment facilities, MWH provides preconstruction services, construction management consulting services, and commissioning & start-up services. Additionally, MWH provides construction, renovation, and tool installation services for semiconductor fabrication facilities.
