Two Central Virginia construction companies announce a merger
Two Central Virginia construction companies will join forces in a merger.
J.E. Jamerson & Sons of Appomattox and C.L. Lewis & Co. Inc. of Lynchburg said Wednesday that they plan to merge in the first quarter of 2014. The newly formed entity, Jamerson-Lewis Construction, will be headquartered in Lynchburg and operate throughout the state.
Phillip Jamerson, president of J.E. Jamerson & Sons, said in a statement that the move was purely strategic. “There were two issues driving the decision from our standpoint: The ability to compete with the larger firms for university and health care work, and our desire to create a succession strategy to assure the company’s infinite success.”
With its increased size, resume and strength, the newly merged company will provide both pre-construction and construction services, giving it a competitive edge in acquiring work in the industry, according to Jamerson.
Preston Craighill, CEO of C.L. Lewis & Company, Inc., said, “the immense shared experience between our companies and natural synergy amongst our teams made this merger a win-win for everyone involved.”
The merger combines two companies with more than 150 years of construction experience. Craighill will serve as president of the new company, and Jamerson will be the CEO.
The company said it expects to add as many as five positions a year over the next five years to support growth into new markets.