Boston-based Suffolk Construction Co. acquired ROEL Construction of San Diego and Irvine for an undisclosed price.
Wayne Hickey, CEO of ROEL, will be the CEO of the new entity, according to spokeswoman Carolyn Spicer, who adds that Suffolk plans to engage in some market research first to determine the “ROEL” name identity in the region. ROEL is a 90-year-old family-owned general contracting firm.
Suffolk also has an Irvine office, but Spicer says it has not yet been determined if the offices would combine.
“ROEL is a major player on the West Coast, so we see this as a tremendous growth opportunity, both locally in California and nationally, particularly in our core practice areas of commercial, multi-family residential, education, healthcare, science and technology,” says John Fish, CEO, Suffolk Construction.
“The transaction will enhance both ROEL and Suffolk’s footprint in the Southern California construction marketplace, make our capabilities even stronger, and ensure ROEL’s ongoing ability to serve its customers for years to come,” says ROEL’s Chairman of the Board, John Elliott.
“Suffolk is a robust company with a national presence and we look forward to combining forces with a company which we share a great amount of synergy, including core values and principles such as quality, integrity and a focus on client service,” says Hickey.
Founded in 1982, Suffolk Construction is one of the leading privately-held construction companies in the country, with main offices in the Northeast, Mid-Atlantic, Southeast and West Coast regions.
Recent Suffolk California projects include: -Newport Coast Marriott, Newport Beach; LAUSD High School #4, Long Beach; LAUSD High School #12, Los Angeles; Jewish Home for the Aging, Reseda; LACCD Trade Tech College Learning Resource Center, Los Angeles; Cresta Bella Apartments, San Diego; Pacific Place at LAX, Los Angeles; and ICON Plaza at USC, Los Angeles.
ROEL’s most recent and current projects include: Father Joe’s Villages (Affordable Housing Projects) 16th & Market and 15th & Commercial, San Diego; County Operations Center (COC) Development – San Diego County Campus; Legoland Waterpark, San Diego; Hoag Hospital TI OSHPD (multiple operating rooms, examination rooms and offices), Irvine; Spectrum Pharmaceuticals, Irvine; and Procopio, Corey, Hargreaves & Savitch TI, San Diego.