Today Abbott Construction announced that they have merged with STO Building Group to become a member of the STO family of companies. The merger will allow both firms to leverage each other’s geographic reach to better serve clients with multiple locations and enhance the services and areas of expertise they can offer across that expanded footprint.
“We see joining the STO family as an exciting next step in what we can offer our clients and our employees without sacrificing who we are and have been for the past 35-plus years,” says Troy Stedman, president and CEO of Abbott. “We know from first-hand experience working together that our companies value integrity, collaboration, and a client-first way of doing business, so formally joining forces makes perfect sense.”
“From our existing relationship working with Abbott on two significant joint venture projects, we are confident that this merger is a great fit for both companies,” says David Layton, president and CEO of Layton Construction, who Abbott will report through. “And with Layton’s proximity to the Pacific Northwest and existing presence in Southern California, we’re looking forward to helping Abbott grow in those core markets.”
Founded in 1983, Abbott is a West Coast commercial builder known for superior planning and execution. They work with clients in a variety of sectors such as healthcare, hospitality, education, non-profit, retail, and tenant interiors. Some of their most notable recent projects include the Mary Bridge Children’s Hospital and University of Puget Sound Welcome Center in Tacoma, WA; FAA Northwest Mountain Regional Headquarters in Des Moines, WA; Big Fish Games Seattle headquarters, the UCLA Margo Leavin Graduate Art Studios in Culver City, CA, and h. Club Los Angeles.
“The Pacific Northwest has been a key strategic market for the STO Building Group, and Abbott is a terrific addition to our family of companies,” says Robert Mullen, STO Building Group CEO. “By joining forces, both firms can leverage each other’s geographic reach and take advantage of each other’s strengths, relationships, geographies, and resources to better serve our clients across the globe.”
Formerly operating as the Structure Tone Organization, STO restructured as the STO Building Group in 2018 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. In the last four years, Canadian firm Govan Brown and US firms Ajax Building Company, BCCI Construction, and Layton Construction have merged with STO Building Group.
“The opportunity to merge with such an incredible firm as Abbott is exactly why we shifted our structure to STO Building Group,” says James Donaghy, STO Building Group executive chairman. “We value the reputation and heritage of the firms who merge with our organization, and each has kept its identity 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.”
Now part of the STO Building Group family of companies, Abbott will keep its identity, 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 2021 and beyond.
Related Stories
| Apr 10, 2014
Foulger-Pratt Contracting promotes Daivd Uffelman to President
Uffelman will oversee all aspects of the Rockville, MD-based contracting operation, which specializes in mixed-use, multifamily residential, office, retail, healthcare, and interiors construction.
| Apr 10, 2014
Submit Your Project for a Bluebeam eXtreme Award!
Bluebeam is holding the second annual Bluebeam eXtreme Awards at the 2014 Bluebeam eXtreme Conference in Hollywood, Calf.
| Apr 9, 2014
McCarthy opening San Jose office
McCarthy Building Companies, Inc., the largest general contractor in California with Northern California offices in San Francisco and Sacramento, is opening a Silicon Valley office, effective May 15.
| Apr 9, 2014
Steel decks: 11 tips for their proper use | BD+C
Building Teams have been using steel decks with proven success for 75 years. Building Design+Construction consulted with technical experts from the Steel Deck Institute and the deck manufacturing industry for their advice on how best to use steel decking.
| Apr 8, 2014
40 Under 40 winners: Meet the contractors
Of the up-and-coming AEC professionals to be named to the class of 2014, nine make their living as contractors.
| Apr 2, 2014
The new model of healthcare facility management
A growing number of healthcare organizations are moving to an integrated real estate model in an effort to better manage costs, respond to regulatory requirements, and support changes in patient care delivery.
| Apr 2, 2014
8 tips for avoiding thermal bridges in window applications
Aligning thermal breaks and applying air barriers are among the top design and installation tricks recommended by building enclosure experts.
| Apr 1, 2014
Planned global commerce center breaks ground near Phoenix
When completed, PhoenixMart will be one of the largest single-level trade centers in the U.S.
| Mar 31, 2014
Extreme conversion: Soaring Canadian church transformed into contemporary library
Even before the St. Denys-du-Plateau Church was converted into a library, it was an unusual building, with a towering nave designed to mimic a huge tent inflated by the wind.
| Mar 28, 2014
Crazy commuting: British artist wants to construct 300-foot water slide on city street
Bristol-based artist Luke Jerram hopes that the temporary installation, once funded, will encourage the public to think about "how we want to use the city, and what sort of future we want to see.”
