Layton Construction announced on Dec. 4 that they will be merging with the STO Building Group to create the fourth-largest construction business in the country.
According to Layton vice president Jeff Miller, who is in charge of the Boise office, the merger will open more doors for Layton’s Idaho operations.
“This merger provides more opportunities for our employees to continue working on amazing buildings where Idahoans live, work, play and heal,” Miller said. “Bringing together our experience with STO Building Group will result in more global construction experience coming to Idaho and Boise.”
Miller added: “This merger does not affect our employee count in Boise. We will retain all our staff.”
Layton has over 60 employees in the Boise area.
Layton has offices in Arizona, California, Colorado, Florida, Hawaii, Idaho and Tennessee. Some of Layton’s better-known building projects in the region include the Saint Alphonsus Medical Center in Boise, the Boise Airport Terminal expansion, the Stueckle Sky Center at Boise State University, the Eccles Theater in Salt Lake City, and the Rice-Eccles Stadium at the University of Utah.
New York-based STO Building Group is the 14th largest construction company in the U.S. according to the Engineering News-Record ranking. STO employs approximately 2,200 people. Layton, with its headquarters in Sandy, Utah, is ranked as number 44, with approximately 1,000 employees.
“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,” said David S. Layton, president and CEO of Layton Construction in a press release.
The financial details of the merger were not released. Both businesses are privately held. Layton’s press release said the merger will be completed by the end of this month.
Layton Construction will retain its name, logo and cultural identity. Its leadership will retain an ownership position in the organization. The current senior executive team will continue to run the Layton operation.
“Layton is a terrific addition to our family of companies. … Their expertise will enhance the services we can offer our clients, such as their extensive, national portfolio of projects in the health care and industrial sectors,” said Robert Mullen, STO Building Group CEO. “Our ability to offer stock ownership to employees was another key factor in their decision (to merge with us). We are thrilled to have them join STO.”