Date
Nov 2019
Region
New York
We are pleased to announce the sale of our client, Stuart Berger Construction Corp., to Cook & Krupa LLC. The acquisition closed November 26, 2019 and details were not disclosed.
Located in Lynbrook, New York, Stuart Berger Construction was founded in 1959 and is one of the premier construction companies in the New York area. Although initially focusing on the construction of gas stations in the post-WWII era (they built over 1,200 stations), the company has built many general construction projects over the past 60 years. These projects consist of the construction of professional and industrial buildings, additions and alterations, as well as specialty construction.
Cook & Krupa, located in Mineola, New York, is a Long Island-based real estate development and construction firm that was founded in 1962 by Raymond J. Cook and his partner Steve Krupa. For well over 50 years, Cook & Krupa has successfully completed thousands of projects from its central HQ in Mineola, in all five boroughs, on Long Island, in New Jersey and Connecticut.
The company’s completed projects include jobs billing in the millions of dollars for companies such as Ford Motor Company, The Schubert Organization, General Motors, Mercedes Benz, YMCA, as well as numerous banks. Today, Cook & Krupa continues to leverage its history, heritage and reputation to make significant inroads in several key areas, including houses of worship, private education, retail build-outs, automotive dealerships, healthcare, office buildings and restaurants/food companies.
Generational Equity Executive Managing Director of M&A – Eastern Region, David Fergusson’s team, led by Senior Vice President, Mergers & Acquisitions, Ahmad Behjati, and supported by Vice President, Cory Painter, successfully closed the deal. Executive Managing Director Randy Kamin established the initial relationship with Stuart Berger Construction.
According to Behjati, “We recognized the synergies with the buyer’s firm, and our client a few months back, after meeting several times earlier this year. We confirmed that the companies share many common traits, including a like-minded approach to customer relationships, long and reputable company histories, and high moral character, ethics, and integrity.”
Behjati added, “This merger will accentuate the strengths of each company. Stuart Berger brings over 60 years of experience and a unique expertise with Butler pre-engineered steel buildings as well as Metl-Span and Parkline product lines. Likewise, Cook & Krupa brings nearly 60 years of experience focused on general contracting and construction management.”
“Together, they will have a broader range of skills and increased capacity to deliver high-quality construction services and uncompromised customer service to their current and future clients, with a benefit of a larger and more robust sub-contractor base and a stronger financial capability.”
To discover other transactions that we've supported in this industry, visit our dedicated Business Services page.
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