Change Without Disruption
As one of the nation’s leading heavy civil construction firms, GCC had a host of transaction options to choose from. With its size, profitability, management team, self-performance capabilities, and strong industry tailwinds, GCC represented an excellent acquisition candidate to multiple acquirers.
As part of its engagement, BaseRock analyzed GCC’s transaction alternatives and highlighted the benefits and risks of each, with a heavy emphasis on how each alternative would affect Dick’s preferences of preserving GCC’s legacy and culture. Following many discussions with the BaseRock team, GCC’s shareholders decided selling to an ESOP was the best alternative for the company.