Underground Construction - March 2019 - 7

Contractors Join Forces to Support Large-Scale
Projects in Texas Gulf Coast
Houston-based civil construction
firms have formed a professional
alliance as Five Companies LLC.
Under the partnership, these
companies leverage more than
150 years of combined industry
experience, and a workforce
of more than 500: Boyer Inc.,
BRH-Garver Construction LP, Main
Lane Industries Ltd. (a subsidiary
of mc2 civil inc.) and Reytec
Construction Resources.
Focusing on the Texas Gulf
Coast area, the Five Companies
team of experienced contractors
provide infrastructure solutions,
such as:
* Civil Engineering Construction
Services
* Infrastructure Development
* Utilities Construction (rehabilitation and new construction)
* Site Development and Preparation
* Facilities Construction
* Tunneling Construction
* Pipeline Construction
* Concrete and Paving.
Specialty services include:
* Trenchless construction
* Open-Cut
* Directional Boring
* Tunneling and Microtunneling
* Compressor Stations
* Pump Stations

* Metering Stations
* Mainline Valve Replacements
* Emergency Repairs.
"It's just the right time for the
partnership," said Mark Boyer,
president of Boyer Inc. "The
expertise and past performance
each firm brings to the table-particularly local experience-make it
a win-win for Five Companies and
our clients."
Committed to supporting and
advancing construction in the
Texas Gulf Coast area, each firm
is active in industry associations,
including Houston Contractors
Association (HCA), for which a
principal of each firm has held the
position of president.

About Five Companies
Boyer Inc. is a Houston-based
civil construction contractor
that provides solutions for the
rehabilitation and replacement of
infrastructure. Since 1986, Boyer
has delivered some of the most
difficult infrastructure projects for
the Greater Houston Metropolitan area. To meet the needs of
an ever-changing market, the
contractor expanded its in-house
services to sustain its ability to
self-perform over 95 percent of all
projects. Boyer offers civil, electri-

Toro to Acquire the Charles Machine Works

The Toro Company announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other
leading brands in the underground construction market, for $700 million in
cash. The transaction is anticipated to close before the end of Toro's fiscal
2019 third quarter.
Headquartered in Perry, Okla., The Charles Machine Works designs,
manufactures and sells a range of products to cover the full life-cycle of
underground pipe and cable. The company generated 2018 revenues of
approximately $725 million.
"The addition of Charles Machine Works will further strengthen our portfolio of market-leading brands supported by talented employees, a commitment to innovation, a best-in-class dealer network and long-standing

cal, mechanical, and inland marine
construction; instrumentation
and control systems; equipment
rental; commercial plumbing; and
landscape and irrigation services.
For more than 40 years,
Houston-based BRH-Garver Construction LP has been constructing pipelines ranging in size from
two to 120 inches in diameter. In
the mid-1980s, the firm pioneered
microtunneling in North America
and utilized this new technology
to solve infrastructure challenges in Houston. BRH-Garver
teamed up with manufacturers to
provide solutions to urban pipeline
challenges and protect property
and the environment. Using
open-cut, tunneling and horizontal directional drilling (HDD) in
difficult soil conditions all over the
country, BRH-Garver has remained
committed to work that sustains
the environment, while promoting
upgrades to infrastructure in a
growing economy.
Main Lane Industries Ltd.
(a subsidiary of mc2 civil, inc.)

has provided civil engineering
construction, and roadway and
highway maintenance services in
Southeast Texas since 2002. Clients include the Texas Department
of Transportation, city of Houston,
Harris County, Harris County
Toll Road Authority and many
other municipalities in Harris and
surrounding counties.
Reytec Construction
Resources Inc. is a full-service,
utility/infrastructure contractor
headquartered in Houston with
additional offices in Austin and
Corpus Christi, Texas. Founded in
1996, the firm rapidly developed
a reputation for construction
excellence in all phases of infrastructure and heavy underground
utility contracting. Reytec's strong
reputation and repeat clients are
the direct result of the firm's focus
on safety, quality workmanship,
on-time performance and competitive pricing.
FOR MORE INFORMATION
Five Companies, (832) 771-7099,
agoings@five-companies.com

customer relationships," said Richard M. Olson, Toro's chairman and chief
executive officer. "As an organization, Charles Machine Works aligns well
with and will contribute to our own strategic priorities of profitable growth,
operational excellence and empowering people. The company expands our
business in a meaningful way in an adjacent category we know well through
our own specialty construction business and in a market that is attractive
given the potential for growth in addressing both aging infrastructure that is
currently in place and new infrastructure that will be needed to support next
generation technologies like 5G.
"Our success is the result of years of hard work and an unwavering
commitment to developing innovative solutions for customers," said Rick
Johnson, The Charles Machine Works chief executive officer. "From developing the world's first service line trencher in Perry, Okla., to today's robust
Ditch Witch dealer network, our family of companies is well-positioned to
join The Toro Company's family of brands.
Toro expects to finance the transaction with a combination of cash on
hand and debt. The all-cash purchase price of $700 million represents a
multiple of approximately eight times The Charles Machine Works' calendar
year 2018 EBITDA, including $30 million of anticipated annual run-rate cost
synergies phased in over three years.
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Underground Construction - March 2019

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