Today the STO Building Group and RC Andersen Construction announced the two firms have joined ranks, making RC Andersen the newest member of the STO Building Group family of companies. The merger enhances the services and geographic reach both firms can offer clients in the growing industrial and distribution sector
“Joining the STO Building Group allows our clients to benefit from the added services we can offer them, anywhere across their geographic platform,” says Robert Andersen, founder and President of RC Andersen. “The merger also allows us to provide more opportunities for our employees, from the employee ownership program to the extended resources and other benefits of being part of a larger group of companies.”
Founded in 2006 and based in New Jersey, RC Andersen is a general contractor in the industrial sector that offers comprehensive construction management and project management for property owners, developers, and tenants. The company is focused on delivering high-quality projects as quickly as possible in a time when the demands of e-commerce have made it increasingly critical to generate warehouse distribution space and cold storage facilities expeditiously and efficiently. Some of the firm’s key clients include Prologis, Trammell Crow Company, Amazon, Hillwood, Bridge Development, Matrix Development, Clarion, and Bluewater Property Group.
“Our STO Building Group companies have been working across North America with clients in the booming industrial and distribution facility market, and we don’t see that slowing down anytime soon,” says Robert Mullen, STO Building Group CEO. “RC Andersen’s particular expertise will only enhance the specialized knowledge and experience we’re able to offer clients in this sector, as well as provide RC Andersen’s existing clients with extended services and geographic reach across our platform.”
Mullen tells BD+C that STO has known Andersen and his company for several years, “and have always admired their position in the market.” And thanks to the prominence of another STO-affiliated company, Layton Construction, “we have become increasingly involved in the distribution and warehouse market, where RC Andersen is already a known leader.” Utah-based Layton Construction merged with the organization in 2019.
STO Building Group’s family of companies model has helped the firm move up eight spots on ENR’s Top Contractors list—from #14 to #6—in just the last two years, while allowing each member company to maintain its name, reputation, and leadership structure. Seattle’s Abbott Construction merged with STO last year.
“Opportunities to merge with great companies like RC Andersen are the very reason we shifted our company structure to the STO Building Group platform,” 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.”
RC Andersen 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 2022 and beyond.
“This merger assures the future of RC Andersen and our employees for decades to come,” Bob Andersen tells BD+C. “We see this transition is an exciting next step in the evolution of our business.”
Editor's note: Some comments from Robert Andersen and Robert Mullen were added after this article was posted initially.
Related Stories
Giants 400 | Oct 2, 2023
Top 50 Data Center Construction Firms for 2023
Turner Construction, Holder Construction, HITT Contracting, DPR Construction, and Fortis Construction top BD+C's ranking of the nation's largest data center sector contractors and construction management firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Market Data | Oct 2, 2023
Nonresidential construction spending rises 0.4% in August 2023, led by manufacturing and public works sectors
National nonresidential construction spending increased 0.4% in August, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.09 trillion.
Giants 400 | Sep 28, 2023
Top 100 University Building Construction Firms for 2023
Turner Construction, Whiting-Turner Contracting Co., STO Building Group, Suffolk Construction, and Skanska USA top BD+C's ranking of the nation's largest university sector contractors and construction management firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking includes revenue for all university/college-related buildings except student residence halls, sports/recreation facilities, laboratories, S+T-related buildings, parking facilities, and performing arts centers (revenue for those buildings are reported in their respective Giants 400 ranking).
Construction Costs | Sep 28, 2023
U.S. construction market moves toward building material price stabilization
The newly released Quarterly Construction Cost Insights Report for Q3 2023 from Gordian reveals material costs remain high compared to prior years, but there is a move towards price stabilization for building and construction materials after years of significant fluctuations. In this report, top industry experts from Gordian, as well as from Gilbane, McCarthy Building Companies, and DPR Construction weigh in on the overall trends seen for construction material costs, and offer innovative solutions to navigate this terrain.
Contractors | Sep 25, 2023
Balfour Beatty expands its operations in Tampa Bay, Fla.
Balfour Beatty is expanding its leading construction operations into the Tampa Bay area offering specialized and expert services to deliver premier projects along Florida’s Gulf Coast.
Resiliency | Sep 25, 2023
National Institute of Building Sciences, Fannie Mae release roadmap for resilience
The National Institute of Building Sciences and Fannie Mae have released the Resilience Incentivization Roadmap 2.0. The document is intended to guide mitigation investment to prepare for and respond to natural disasters.
Codes and Standards | Sep 25, 2023
Lendlease launches new protocol for Scope 3 carbon reduction
Lendlease unveiled a new protocol to monitor, measure, and disclose Scope 3 carbon emissions and called on built environment industry leaders to tackle this challenge.
Data Centers | Sep 21, 2023
North American data center construction rises 25% to record high in first half of 2023, driven by growth of artificial intelligence
CBRE’s latest North American Data Center Trends Report found there is 2,287.6 megawatts (MW) of data center supply currently under construction in primary markets, reaching a new all-time high with more than 70% already preleased.
Giants 400 | Sep 20, 2023
Top 80 Hospitality Facility Construction Firms for 2023
Suffolk Construction, The Yates Companies, STO Building Group, and PCL Construction Enterprises top BD+C's ranking of the nation's largest hospitality facilities sector contractors and construction management (CM) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking includes revenue for all hospitality facilities work, including casinos, hotels, and resorts.
Giants 400 | Sep 18, 2023
Top 120 Office Building Construction Firms for 2023
Turner Construction, STO Building Group, AECOM, and DPR Construction top BD+C's ranking of the nation's largest office building sector contractors and construction management (CM) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking includes revenue for all office building work, including core and shell projects and workplace/interior fitouts.
