flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Layton Construction to join the STO Building Group

Contractors

Layton Construction to join the STO Building Group

Merger will expand both firms’ geographic reach and services.


December 9, 2019

Koloa Landing, Hawaii. One of Layton Construction's signature projects.

Today the STO Building Group and Layton Construction announced their intent for the nationally-ranked commercial construction firm to join 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.

“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,” says David S. Layton, president and CEO of Layton Construction. “The alignment of both our cultures and our ability to adhere to our Layton Way 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 proven experience in virtually every industry, including healthcare, retail, hospitality, manufacturing, distribution, education, office, industrial, detention, tenant improvement, and public facilities. Headquartered in Utah, the 1,000-person firm also has offices in Arizona, California, Colorado, Florida, Hawaii, Idaho, and Tennessee. Some of the company’s signature projects include the Eccles Theater in Salt Lake City, the Faena Forum in Miami, the University Hospital in San Antonio, the Montage Deer Valley in Park City, Rice-Eccles Stadium at the University of Utah, Monarch Beach Resort in Dana Point, Kapi’olani Medical Center in Honolulu, Koloa Landing on Kauai, Saint Alphonsus Medical Center in Boise, The Ritz-Carlton Paradise Valley, Nationwide Insurance Scottsdale, the Boise Airport, the Westdrift Hotel in Los Angeles, the Ae`o Tower in Honolulu, and Vanderbilt University Residential Towers in Nashville.

“Layton is a terrific addition to our family of companies,” says Robert Mullen, STO Building Group CEO. “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. In the last three years, Canadian firm Govan Brown and US firms Ajax Building Company and BCCI Construction have merged with STO Building Group.

“Opportunities like this with Layton are the very reason we shifted our company structure to STO Building Group last year,” 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 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 2019. Layton Construction will retain its name, logo, and cultural 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 2020 and beyond.

Related Stories

Building Team | Jul 11, 2016

Addressing client concerns about design-assist

Common concerns about DA include lack of familiarity, obtaining competitive pricing, and design liability.

Sponsored | Building Team | Jul 11, 2016

Construction Disruption at AECX: Technology, hackathons and the promise of change in LA

The lead up to AECX featured a discussion providing insight into the current state of the AEC technological revolution by exploring opportunities, challenges and choices AEC pros face.  

Contractors | Jul 11, 2016

Repairing the world’s infrastructure hinges on the construction sector crossing the digital divide

A new McKinsey report identifies five trends the industry should latch onto more broadly.

Contractors | Jul 4, 2016

A new report links infrastructure investment to commercial real estate expansion

Competitiveness and economic development are at stake for cities, says Transwestern.

Contractors | Jun 30, 2016

Chicago contractor found guilty of fraud on city’s requirement on minority-owned businesses

Alleged to have been sham business in bid to win city public works contract.  

AEC Tech | Jun 27, 2016

If ‘only the paranoid survive,’ what does it take to thrive?

“Sooner or later, something fundamental in your business world will change.” The late Andrew Grove (1936-2016), Co-founder of tech giant Intel Corp., lived by these words.

Contractors | Jun 21, 2016

Bigness counts when it comes to construction backlogs

Large companies that can attract talent are better able to commit to more work, according to a national trade group for builders and contractors.

Building Materials | Jun 16, 2016

ABC: Construction material prices rise again in May

Nonresidential construction price gains were largely driven by iron and steel prices and steel mill product prices.

Movers+Shapers | Jun 14, 2016

VERTICAL INTEGRATOR: How Brooklyn’s Alloy LLC evolved from an architecture firm into a full-fledged development company

Led by an ambitious President and a CEO with deep pockets, Alloy LLC's six entities control the entire development process: real estate development, design, construction, brokerage, property management, and community development.

Building Team | Jun 13, 2016

BD+C launches Women in Design+Construction Conference

Inaugural 2.5-day event will convene 125+ leading AEC women in Dana Point, Calif., November 9-11, for professional development, networking, and career training.  

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021