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
| Aug 7, 2012
Suffolk Construction builds new Boston Tea Party Ships & Museum
Construction management firm links history with the future by building museum using state-of-the-art virtual models and BIM technologies.
| Aug 7, 2012
Essex Builders to build church in Somerville, Mass.
The project’s design documents were prepared by Boston Bay Architects and reflect the church’s mission to serve the broader community as well as worship.
| Aug 6, 2012
Deliberto joins Edico as site superintendent
Prior to joining Eidco, Deliberto was a project manager/superintendent for Metropolitan Properties of Chicago.
| Aug 6, 2012
Johnson Controls GWS appoints Genemaras as COO
Genemaras brings a wealth of experience in international business operations.
| Aug 6, 2012
Welton promoted to principal in Thornton Tomasetti’s Denver office
Welton serves as the manager of the firm’s Denver office and has more than 30 years of structural engineering experience across a range of project types including sports, commercial and residential.
| Aug 3, 2012
Goettsch Partners opens new Abu Dhabi office
The GP Abu Dhabi office is managed by Steven M. Nilles, FAIA, LEED AP, a partner in the firm and resident of Abu Dhabi.
| Aug 3, 2012
Nonres construction spending to increase through 2012, growth projected for 2013
Commercial and industrial projects poised to lead building sectors.
| Aug 1, 2012
C.W. Driver forms Driver URBAN
Driver URBAN specializes in the construction of multi-family apartments, mixed-use developments, affordable housing, student and senior housing, and hospitality projects.
| Aug 1, 2012
CFSI ranked among Top 10 Mechanical Contractors in D.C.
Included in the Washington Business Journal list for the second year running.
| Jul 31, 2012
Thornton Tomasetti announces four promotions in Chicago office
Promotions in Thornton Tomasetti office key on industy veterans.