Today the STO Building Group and Layton Construction announced their intent for the nationally-ranked commercial construction firm to join the STO family of companies. The merger will allow both firms to leverage each other’s geographic reach to better serve clients with multiple locations and enhance the services and areas of expertise they can offer across that expanded footprint.
“Joining the STO family provides our customers greater support nationwide and our employees greater opportunities to grow professionally and personally. This is the next logical step in our evolution as a growing, successful company,” says David S. Layton, president and CEO of Layton Construction. “The alignment of both our cultures and our ability to adhere to our Layton Way was a driving factor—it allows us to capitalize on relationships nationwide and expand our areas of expertise while continuing to provide our customers with the predictable outcomes they have come to expect from Layton.”
Layton Construction is a nationally-ranked commercial contractor with proven experience in virtually every industry, including healthcare, retail, hospitality, manufacturing, distribution, education, office, industrial, detention, tenant improvement, and public facilities. Headquartered in Utah, the 1,000-person firm also has offices in Arizona, California, Colorado, Florida, Hawaii, Idaho, and Tennessee. Some of the company’s signature projects include the Eccles Theater in Salt Lake City, the Faena Forum in Miami, the University Hospital in San Antonio, the Montage Deer Valley in Park City, Rice-Eccles Stadium at the University of Utah, Monarch Beach Resort in Dana Point, Kapi’olani Medical Center in Honolulu, Koloa Landing on Kauai, Saint Alphonsus Medical Center in Boise, The Ritz-Carlton Paradise Valley, Nationwide Insurance Scottsdale, the Boise Airport, the Westdrift Hotel in Los Angeles, the Ae`o Tower in Honolulu, and Vanderbilt University Residential Towers in Nashville.
“Layton is a terrific addition to our family of companies,” says Robert Mullen, STO Building Group CEO. “Not only will their reach bring us into new areas of the country, but their expertise will enhance the services we can offer our clients, such as their extensive, national portfolio of projects in the healthcare and industrial sectors. Our ability to offer stock ownership to employees was another key factor in their decision. We are thrilled to have them join STO.”
Formerly operating as the Structure Tone Organization, STO recently restructured as the STO Building Group to provide a platform for growth that allows each of its member companies to maintain their cultural identity while leveraging the strengths of a multicompany organization. In the last three years, Canadian firm Govan Brown and US firms Ajax Building Company and BCCI Construction have merged with STO Building Group.
“Opportunities like this with Layton are the very reason we shifted our company structure to STO Building Group last year,” says James Donaghy, STO Building Group executive chairman. “We value the reputation and heritage of the firms who merge with our organization, and each has kept its name as a way to honor that legacy. As we continue to grow, we want to respect that history, but also reflect the collective expertise our companies offer and allow our employees to benefit from the larger organization’s resources.”
The merger is expected to be completed by the end of December 2019. Layton Construction will retain its name, logo, and cultural identity, and its current leaders will retain an ownership position in the organization and maintain their roles as the senior leadership team of the business. It is anticipated that new job opportunities will be created as a result of the merger to support the company’s projected growth for 2020 and beyond.
Related Stories
| Oct 13, 2010
Thought Leader
Sundra L. Ryce, President and CEO of SLR Contracting & Service Company, Buffalo, N.Y., talks about her firm’s success in new construction, renovation, CM, and design-build projects for the Navy, Air Force, and Buffalo Public Schools.
| Oct 13, 2010
Hospital tower gets modern makeover
The Wellmont Holston Valley Medical Center in Kingsport, Tenn., expanded its D unit, a project that includes a 243,443-sf addition with a 12-room operating suite, a 36-bed intensive care unit, and an enlarged emergency department.
| Oct 13, 2010
Modern office design accentuates skyline views
Intercontinental|Exchange, a Chicago-based financial firm, hired design/engineering firm Epstein to create a modern, new 31st-floor headquarters.
| Oct 13, 2010
Hospital and clinic join for better patient care
Designed by HGA Architects and Engineers, the two-story Owatonna (Minn.) Hospital, owned by Allina Hospitals and Clinics, connects to a newly expanded clinic owned by Mayo Health System to create a single facility for inpatient and outpatient care.
| Oct 13, 2010
Biloxi’s convention center bigger, better after Katrina
The Mississippi Coast Coliseum and Convention Center in Biloxi is once again open for business following a renovation and expansion necessitated by Hurricane Katrina.
| Oct 13, 2010
Tower commemorates Lewis & Clark’s historic expedition
The $4.8 million Lewis and Clark Confluence Tower in Hartford, Ill., commemorates explorers Meriwether Lewis and William Clark at the point where their trek to the Pacific Ocean began—the confluence of the Mississippi and Missouri Rivers.
| Oct 13, 2010
Maryland replacement hospital expands care, changes name
The new $120 million Meritus Regional Medical Center in Hagerstown, Md., has 267 beds, 17 operating rooms with high-resolution video screens, a special care level II nursery, and an emergency room with 53 treatment rooms, two trauma rooms, and two cardiac rooms.
| Oct 13, 2010
Campus building gives students a taste of the business world
William R. Hough Hall is the new home of the Warrington College of Business Administration at the University of Florida in Gainesville. The $17.6 million, 70,000-sf building gives students access to the latest technology, including a lab that simulates the stock exchange.
| Oct 13, 2010
Science building supports enrollment increases
The new Kluge-Moses Science Building at Piedmont Virginia Community College, in Charlottesville, is part of a campus update designed and managed by the Lukmire Partnership. The 34,000-sf building is designed to be both a focal point of the college and a recruitment mechanism to get more students enrolling in healthcare programs.
| Oct 13, 2010
Cancer hospital plans fifth treatment center
Construction is set to start in December on the new Cancer Treatment Centers of America’s $55 million hospital in Newnan, Ga. The 225,000-sf facility will have 25 universal inpatient beds, two linear accelerator vaults, an HDR/Brachy therapy vault, and a radiology and imaging unit.