STO Building Group, New York, announced on Dec. 4 that Salt Lake City-based Layton Construction would be joining the STO family of companies.
The STO Building Group, which includes Structure Tone, LF Driscoll, Structure Tone Southwest, Pavarini Construction, Pavarini McGovern, Govan Brown, Ajax Building Company and BCCI Construction, employs more than 2,200 throughout offices in the U.S., Canada, the United Kingdom and Ireland.
According to STO, the merger will allow both firms to leverage each other’s geographic reach to better serve clients with multiple locations while enhancing the services and areas of expertise they can offer across that expanded footprint.
“Joining the STO family provides our customers greater support nationwide and our employees greater opportunities to grow professionally and personally. This is the next logical step in our evolution as a growing, successful company,” David Layton, president and CEO of Layton Construction, says. “The alignment of both our cultures … was a driving factor—it allows us to capitalize on relationships nationwide and expand our areas of expertise while continuing to provide our customers with the predictable outcomes they have come to expect from Layton.”
Layton Construction is a nationally ranked commercial contractor with experience throughout a multitude of industries, including healthcare, retail, hospitality, manufacturing, distribution, education, office, industrial, detention, tenant improvement, and public facilities. The 1,000-person firm also has offices in Arizona, California, Colorado, Florida, Hawaii, Idaho and Tennessee.
“Layton is a terrific addition to our family of companies,” Robert Mullen, CEO of STO Building Group, says. “Not only will their reach bring us into new areas of the country, but their expertise will enhance the services we can offer our clients, such as their extensive national portfolio of projects in the healthcare and industrial sectors. Our ability to offer stock ownership to employees was another key factor in their decision. We are thrilled to have them join STO.”
Formerly operating as the Structure Tone Organization, STO recently restructured as the STO Building Group to provide a platform for growth that allows each of its member companies to maintain their cultural identity while leveraging the strengths of a multicompany organization.
“Opportunities like this with Layton are the very reason we shifted our company structure to STO Building Group last year,” James Donaghy, executive chairman of STO Building Group, says. “We value the reputation and heritage of the firms who merge with our organization, and each has kept its name as a way to honor that legacy. As we continue to grow, we want to respect that history, but also reflect the collective expertise our companies offer and allow our employees to benefit from the larger organization’s resources.”
The merger is expected to be completed by the end of December. Layton Construction will retain its name and logo, and its current leaders will retain an ownership position in the organization and maintain their roles as the senior leadership team of the business. It is anticipated that new job opportunities will be created as a result of the merger to support the company’s projected growth for 2020 and beyond, according to the companies.
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