Press Release: 10.31.2014

McCarthy Holdings, Inc. Completes Acquisition of Castle Contracting, LLC and CastleGPS, LLC

Castle Contracting along with its subsidiary CastleGPS. Castle provides turnkey civil services, utilities, earthwork and trenchless technology directly to owners, general contractors and mechanical, electrical and plumbing contractors.Additionally, Castle’s leading-edge GPS technology provides industry-leading subsurface 3-Dimensional utility mapping. Castle is now a subsidiary of McCarthy and will continue under the Castle brand name.

Announcing the deal in August, McCarthy Central Division President Scott Wittkop commented, “Civil and infrastructure needs in our communities continue to grow. Together, McCarthy and Castle now offer enhanced specialized civil and underground solutions for clients looking for these services. Our new partnership is a win-win for both organizations and enables us to better fulfill a need for these services that our clients are requesting.”

With the official closing of the deal today, Castle Founder Julie Ledbetter concurred, “The demand for the services Castle delivers is strong. Since its founding, Castle’s success has been built on outstanding employees focused on delivering exceptional client results. Under the McCarthy umbrella, the opportunities to grow and shape the business further are unlimited.”

Mike Myers, a 13-year Castle veteran and the newly named vice president of operations responsible for day-to-day Castle operations, added, “The commitment and capabilities of our employees has placed us on the edge of truly remarkable possibilities. With the closing of this acquisition, we are excited to move forward with our new McCarthy partners together.”

Both companies are privately held and terms of the agreement were not disclosed.

About McCarthy Holdings, Inc.
For 150 years, St. Louis-based McCarthy has been building communities across America, both by constructing essential projects communities rely on, as well as by helping those who need assistance. From preconstruction through completion and beyond, McCarthy endeavors to advance the value of its expertise and deliver the highest quality, job-site safety and ultimately, the best final project costs. Repeatedly honored as a Best Place to Work and Healthiest Employer, McCarthy Holdings, Inc. is comprised of approximately 1,600 salaried employees with offices in St. Louis, Atlanta; Collinsville, Ill.; Portage, Ind.; Kansas City, Kan.; Phoenix; Las Vegas; Dallas, Houston; Albuquerque; and San Diego, Newport Beach, San Francisco, San Jose and Sacramento, Calif. McCarthy is 100 percent employee owned. Follow McCarthy on Facebook, Twitter, LinkedIn and Google+.

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