New Hampshire’s Methuen Construction acquired by Colorado builder
MWH Constructors sees growth opportunities in acquisition
Methuen Construction, a 60-year-old regional construction company based in New Hampshire, has been acquired by a Colorado-based firm.
MWH Constructors, of Broomfield Colo. is a wastewater infrastructure builder – a specialty that’s very much in synch with Methuen’s expertise. Terms of the deal were not disclosed.
Methuen is a major construction firm in the New England region, building high-profile infrastructure and other projects for private, federal and municipal clients throughout the Northeast.
Among its current projects are a $40 million pump station and water treatment plan on the Merrimack River for Manchester Water Works, a $70 million upgrade of the Peirce Island wastewater treatment plant in Portsmouth, and construction of a $509 million paint, blast and rubber facility at the Portsmouth Naval Shipyard.
MWH, whose corporate roots date to the 19th century, specializes in building water infrastructure around the country.
In a statement, MWH said that combining the two companies “will strengthen MWH’s position as a leader in the water marketplace while providing bottom-line support and growth opportunities for Methuen Construction.”
Joe Barone, president of Methuen, echoed the sentiment, saying he was “convinced that under MWH’s expertise, infrastructure and financial strength, our company will expand, prosper and create more great career opportunities for our current and future teammates.”
Methuen will operate as a separate entity and will remain headquartered in Plaistow.