LeChase Construction Services, LLC, announces an agreement to purchase Lendlease Construction Offices in Upstate New York and Raleigh-Durham

William Goodrich, Chief Executive Officer for LeChase, said, "These assets – which are really a team of talented employees, good customers and a well-earned reputation – are well aligned with LeChase's business and growth strategy. They will help LeChase continue to develop its longstanding presence in Upstate New York and expand its scale and relationships in North Carolina – our primary markets.  At the same time, the transaction allows Lendlease to evolve its plan to focus on major metropolitan cities. It's a unique opportunity and the right timing for both companies."

Goodrich noted that the transaction is subject to customary conditions, but that both firms will work to quickly and smoothly close the transaction. LeChase plans to invest in the acquired assets, and employees of Lendlease in those offices will have the opportunity to join LeChase.

Denis Hickey, Chief Executive Officer in the Americas for Lendlease, said, "The Americas Construction Management business is one that we are proud to have grown and managed. This sale will allow Lendlease Americas to increase our focus on markets that allow us to grow our development and construction pipeline and capabilities in the key US gateway cities of New York, Chicago, Los Angeles, San Francisco, Boston, and Washington, DC. In turn, the construction operations in Upstate New York and Raleigh-Durham will have the opportunity to flourish as a part of LeChase, and our clients in those areas will have uninterrupted service on their current and future projects."

About LeChase Construction Services, LLC
LeChase Construction (www.lechase.com) is a full-service construction management and general construction firm with extensive experience in many industry sectors. Since 1944, the consistent stability and growth of LeChase Construction have stemmed from the dedication, interest and hard work of the entire organization allowing LeChase a broad reach of services and the ability to provide local delivery. The over 70-year-old firm is well recognized for its commitment to quality, innovation and safety.

Having completed projects throughout the U.S., as well as having project experience in Canada, Brazil and the U.K., LeChase is willing and able to travel for unique opportunities. With strategic alliances located throughout the country, mobile job teams and operational support in several states, we can dedicate the right resources to your specific project needs no matter where it is located. Widely recognized as one of the area's top contractors, LeChase's annual revenues are nearly $700 million in building construction.

About Lendlease
Lendlease is a leading international property and infrastructure group. Listed on the Australian Securities Exchange and with circa 12,400 (June 2015) employees worldwide, Lendlease's capabilities span the property value chain.

The Americas region, headquartered in New York, offers project management & construction, public partnerships, development, asset and property management. Our expertise covers multiple sectors including arts & culture, commercial office, education, energy, government, healthcare, hotels & resorts, industrial, military housing communities, mixed-use, multi-site, pharmaceutical, senior living, telecommunications, transportation and aviation and urban regeneration.

We are committed to operating Incident & Injury Free wherever we have a presence, safely creating innovative and sustainable property solutions while forging partnerships and delivering maximum benefits to clients, investors and communities.

www.lendlease.com

Contacts:
Jennifer Miglioratti
Director of Corporate Communications
LeChase Construction
cell: (585) 261-4328
[email protected]

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SOURCE LeChase Construction Services, LLC

Related Links

http://www.lechase.com