FMI Announces Sale of Weeks Marine to Kiewit Corporation

FMI Capital Advisors is pleased to announce the sale of Weeks Marine, Inc. (Weeks), one of the largest marine, dredging and tunneling contractors in North America, to Kiewit Corporation (Kiewit). FMI Capital Advisors served as the exclusive financial advisor to Weeks for this transaction.

“This acquisition offers substantial opportunities for both companies,” said Kiewit CEO Rick Lanoha. “For Weeks employees, they join one of the largest, most successful construction and engineering organizations in the world. For Kiewit, we gain an exceptionally skilled workforce and the ability to add Weeks’ leading maritime engineering and construction capabilities, dynamic dredging expertise and renowned tunneling services to our portfolio of service.”

The Weeks Marine and Kiewit organizations have worked together on several joint ventures since the 1960s.

“Our shared cultures and values, which focus on the success and growth of our people, a relentless commitment to safety and quality, and demanding excellence in everything we do, will make this acquisition a success,” said Lanoha.

Alex Miller, Managing Director at FMI, said, “It was an honor to represent Weeks Marine in this transaction. Weeks Marine is an industry leader with over 100 years of experience, and we are grateful that the family-ownership and management trusted FMI to support them in this marquee transaction.”

Weeks Marine and its subsidiaries, Healy Tibbitts Builders, Inc., McNally International, Inc. and North American Aggregates, will be independently branded subsidiaries of Kiewit.

About FMI Capital Advisors
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships.

For more information, visit fmicapitaladvisors.com.