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Construction M&A image Construction M&A » By The Online Investor Staff, updated Wed., Aug. 5, 3:15 AM Recent mergers and acquisitions in the Construction M&A category.

Slide #37. The Goldfield Corporation C and C Power Line, Inc.

Acquirer: The Goldfield Corporation (AMEX:GV)
Acquiree: C and C Power Line, Inc.
Details: The Goldfield Corporation (NYSE MKT: GV) today announced that its wholly owned subsidiary, Power Corporation of America, signed a Stock Purchase Agreement to purchase the stock of C and C Power Line, Inc., a privately-held union electrical construction company headquartered in Jacksonville, Florida. Goldfield previously announced the signing of a Letter of Intent to acquire C and C on August 26, 2013. The transaction is expected to close in early January, subject to satisfaction of customary closing conditions.

Goldfield, through its subsidiaries, Power Corporation of America, Southeast Power Corporation (Southeast Power), C and C Power Line, Inc. (C&C) and Precision Foundations, Inc. (PFI), is engaged in the construction of electrical infrastructure for the utility industry and industrial customers. Southeast Power performs electrical contracting services including the construction of transmission lines, distribution systems, substations, and other electrical services. C&C is a full-service electrical contractor that provides similar services as Southeast Power with a unionized work force. PFI constructs drilled pier foundations and installs concrete poles, direct embeds and vibratory casings.

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Company Name:  Goldfield Corp.
Stock buyback:  GV buyback
Website:  www.goldfieldcorp.com
Sector:  Construction
Number of ETFs Holding GV:  4
Total Market Value Held by ETFs:  $4.67M
Total Market Capitalization:  $95.00M
% of Market Cap. Held by ETFs:  4.91%
 

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August 5, 2020    3:15 AM Eastern
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