LeChase Construction Services LLC has acquired Albany’s Sano-Rubin Construction Services for an undisclosed amount, the company said today. Together, the firms generate revenues of $125 million in the Capital Region.
The acquisition enables LeChase to pursue a wider range of projects in health care, education, multifamily housing, hospitality, industrial construction and other core markets. Operations of both businesses will be merged over time, officials say.
For now, Sano-Rubin’s 70 employees will continue working at its offices under President Dave Hollander’s leadership. LeChase’s 50 employees in the region will operate from its existing office in Schenectady, led by Vice President Neil Schaivi.
“We’re extremely proud of what LeChase has built in the Capital Region since opening our office here in 2003,” says William Goodrich, CEO and managing partner of LeChase. “Taking our local presence to the next level has been in our plans, and when the opportunity arose to bring in Sano-Rubin, we jumped at it. With the strength of our combined resources, we will be able to deliver any project, regardless of size or complexity.”
For LeChase, the transaction is expected to ramp up its plan for long-term growth, while Sano-Rubin’s clients will be able to tap LeChase’s centralized capabilities in preconstruction, scheduling, and construction technology.
“From the start of our talks with LeChase, we zeroed in on our firms’ similar cultures—a commitment to safety, community, building partnerships, delivering excellence, and developing employees,” Hollander says. “It was obviously a great fit for our staff and clients and allows us to extend the family legacy that Sano-Rubin was built upon. I’m excited to see what we’ll do together as one team with the resources to pursue new opportunities.”
Some of Sano-Rubin’s work in the Capital Region include Albany Institute of History and Art, Fort Orange Club, St. Peter’s Hospital and Ellis Hospital. LeChase, which has been growing its presence in the market, has projects such as Mohawk Harbor and projects for BelGioioso Cheese, FAGE USA, University at Albany and GlobalFoundries.
LeChase manages more than $1 billion annually in construction across its operations, the company says. The Sano-Rubin acquisition follows others in the state: the New York Metro firm C.W. Brown Inc. in 2015, the upstate operations of Lendlease Americas in 2016, and Syracuse’s Northeast Construction Services in 2010.