Hagerman Group Chairman Jeff Hagerman and F.W. Owens President Mark Heckman finalized the transaction on December 19, 2022. The deal brings together two well-respected and long-standing construction firms to provide even stronger services to clients in Louisville and beyond. The companies have been discussing the move for several months and recently agreed on all terms and conditions.
“We’re thrilled to add the talented people and 95 years of F.W. Owens experience to the Hagerman family of companies,” said Hagerman. “From the vertical markets we serve to our self-performance capabilities, there is incredible synergy between our two companies, which is why this deal makes sense. It also cements Hagerman’s commitment to our Kentucky operations. We’re anxious to put this combined strength to work for new and existing clients.”
“When we decided to sell our firm, the number one goal was to make sure as many of our employees as possible would have an opportunity to stay on with Hagerman – a company that shares a similar culture and core values,” said Heckman. “Lately, a lot of work to close the deal had more to do with our people than the financial aspects of the agreement. We’re glad it has worked out for all involved.”
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