~Alberici acquires CAS Construction~
St. Louis based-Alberici , the second largest general contractor in St. Louis, has acquired CAS Construction, LLC; a Topeka-based firm that concentrates in the building of water treatment plants using the design-build method.
Terms of the deal have not been disclosed.
CAS has completed projects in Missouri, Kansas, Nebraska, Colorado and Iowa.
Alberici has also made significant contributions to the construction of water treatment facilities all over North America.
According to Mike Burke, executive vice president of Alberici, the move will help bolster Alberici’s presence in the market.
Mike Burke, executive vice president of Alberici
“The acquisition of CAS provides Alberici with additional design-build capabilities and the ability to reach new customers and markets,” Burke said.
The Platte West Water Plant is just one example of Alberici's projects.
The two construction moguls first began working together three years ago on project commissioned by the City of Wichita, Kansas. That $73-million project, completed last year, recently won a Design-Build Institute of America – Mid America Region award and an Associated General Contractors of Kansas award in the Design Build category.
Mike Hafling, president of CAS, and other senior managers will remain with the company, which has been renamed CAS Constructors LLC.
Earlier this month, Alberici formed a partnership with MFC Industrial Ltd. of Canada to buy the Pea Ridge iron ore mine near Sullivan, Mo.
Alberici, led by CEO Greg Kozicz, had revenue of $1.01 billion in 2011.
Greg Kozicz, chief executive officer of Alberici
~St. Louis CVC proposes big changes for the Jones Dome~
Kitty Ratcliffe, president of the St. Louis Convention and Visitor’s Commission, unveiled a $124 million dollar plan today involving the upgrade of the home of the St. Louis Rams.
Kitty Ratcliffe, president of the St. Louis Convention & Visitor's Commission
The concept is to make the Edward Jones Dome a top-tier facility in order to meet a clause from the original St. Louis Ram’s 1995 contract.
The plan calls for the addition of 1,500 club seats and an expanded club lounge area. Additionally, North Broadway would be closed on game days between Cole and Seventh Streets in order for the creation of a traffic free entertainment area.
An arial view of the St. Louis Rams Edward Jones Dome
The most significant change calls for a 20,000 square foot lounge across Broadway in Baer Plaza with a sky dome connecting the two structures. New scoreboard measuring 96 x 27 feet would also be added. Steel panels would be removed and replaced with glass to add a natural lighting effect.
In this plan, the concession areas also get an upgrade. General improvements will be added to give the Dome a more modern feel.
The Rams have a 30 day window to accept or reject the proposal. If the Rams decide not to go with the CVC’s plan, the team has another 60 days to come up with their own proposal that would then be subject to approval by the CVC. If both sides fail to agree, the plan will go into arbitration.
If no agreement can be reached to make the Dome a top-tier facility, the Rams can exercise their option to be excused from their lease following the 2014 season.
~ARCO Employees have a new place to call home~
ARCO Construction Company employees are moving into their new home. The eighth largest general contractor in St. Louis has recently moved their headquarters to a newly constructed building in Rock Hill. According to Jeff Cook, Arco’s president and CEO, the move is a “game changer.”
Jeff Cook, president of ARCO construction
Arco saw revenues in excess of $217 million last year. Cook plans to see that number increase in 2012.
“Decision-makers appear to be making decisions to deploy capital and reinvest into their businesses,” he said. “We are cautiously optimistic, anticipating significant revenue growth in 2012 from the pent-up demand of the last two-plus years.”
According to Cook, Arco has experienced significant activity across the geographic board, spanning various markets.