Salt Lake City-based Big-D Construction has acquired Golden, Colorado-based CFC Construction. The 45-year-old company will continue under its present management and maintain the CFC Construction name. Chairman and founder EJ Olbright will continue in his role, along with CFC President Pat Smith.
“We are excited about CFC joining the Big-D family of companies,” said Olbright. “We chose them because we found we have perfectly aligned values, culture and vision for the future of CFC. Our collective strength will allow us to grow while continuing to provide the very best-in-class construction management services in the Colorado market. It will also ensure we take care of our greatest asset, our associates, who will be able to further expand and develop their careers.”
CFC Construction has constructed hundreds of projects in Colorado in the office, resort, hospitality and multi-family categories. This transaction will enable the company to take on larger, more complex projects in Colorado while increasing its bonding capacity and resources, Olbright said.
“This acquisition is part of Big-D’s vision to strengthen our company through alliances with premier builders and talented project teams in selected markets,” said Chairman Jack Livingood of Big-D Construction. “CFC has a reputation for providing clients innovative solutions and strong leadership. We are honored to be partners and excited to be a part of their future.”
Founded in 1967, Big-D Cos. is one of the largest groups of contractors in the United States. It has thousands of successfully completed projects with over $2.5 billion of annual revenue. Its 1,400 associates are located in 16 offices in nine states from Minnesota to California.