Joeris General Contractors to acquire Koontz Construction's Commercial Group
SAN ANTONIO, TX Joeris General Contractors joins with Koontz Construction, Inc. to announce the acquisition of Koontz Construction's Commercial Group by Joeris in a transaction to be completed later this year.
"This acquisition represents a great opportunity for us to broaden and deepen our capabilities," said Gary Joeris. "The Koontz team represents a highly talented and well respected group of professionals with a wealth of experience in corporate office, automotive, senior living, and medical office construction. We see their experience as a great complement to our existing business and our extensive experience in the retail, K-12 education, and higher education.
Koontz Construction is a general contractor organized in two separate divisions. The Commercial Division provides general contracting services for a wide variety of third party clients and product types. Its Multi-family Division specializes in wood frame construction and provides general contracting services primarily for its affiliate, Koontz Development. The Koontz Multi-family Division is not included in the transaction with Joeris and will continue to operate as before.
"For us, the sale represents a return to our roots," said Bart Koontz, CEO. "We started as a development company and that has always been our primary focus. Our Commercial Division began as the exclusive builder for our development projects. But, over the years, thanks to the great leadership provided by Henry Serry, President and Jerry Turman, retired President, they grew that part of the business into a major operation with a tremendous third party book of business. This sale will allow us to refocus our time and resources back on the development business."
"At Joeris, we take great pride in the buildings and relationships we build," said Joeris. "I've known Bart a long time, in fact we built one of his first office buildings for him back in the late 90's. I look forward to having him back as a client rather than a competitor."