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Posillico Civil Acquires Martins Construction

Posillico Civil Acquires Martins Construction

06/14/22, 9:40 PM
Posillico Civil, Inc., a 76 year old family-owned civil construction firm has acquired Martins Construction Corp., a premier heavy highway and bridge construction company in the Mid-Atlantic region. Just as the country is about to see a surge in infrastructure spending, the founders of Martins, reached the decision to retire, creating a tremendous opportunity for the right buyer. After careful review and deliberation, the Martins executive team selected Posillico as the best fit to continue its legacy. The acquisition also presented an exciting opportunity for Posillico to add an already established and successful Mid-Atlantic Division to its fast-growing national presence. The move to acquire Martins first started in September 2021, the process took eight months, and the deal was signed on April 29, 2022. All of the employees of Martins will remain with the company and continue to operate under the Martins brand and continued leadership of Pooya Azar, who will serve as COO.

Company Info

Company
Posillico Civil
Company info
Heavy Civil, Environmental Construction, Utilities, and Paving in New York, Long Island, New Jersey, Texas, and the Mid-Atlantic Regions.