Branch Group acquires N.C. contractor

The Branch Group, a Roanoke-based heavy-highway and building contractor, has closed on its acquisition of Burnsville, North Carolina-based Young & McQueen, a 37-year-old contracting firm specializing in heavy civil and highway construction, site work, bridges and structures construction, the company announced Monday.

Branch declined to release financial terms of the deal, which closed on May 31.

The acquisition helps Branch meet its goal of entering the western region of North Carolina, where Branch has maintained a transportation foothold in eastern and central North Carolina for decades. Currently, the company is building the Interstate 295 outer loop in Fayetteville.

The acquired company is now known as Young & McQueen, a Branch Company, and will continue with current contracts and pursuing work out of its North Carolina office. Young & McQueen’s original founders, Sam and Kim Young, have retired, although they have other holdings that were not part of the acquisition, according to a Branch spokesperson.

“Young & McQueen’s culture aligns perfectly with Branch,” Donald Graul, CEO of Branch, said in a release. “Their strong reputation and work quality in western North Carolina will continue the success of both companies.”

The employee-owned Branch has total revenues of more than $500 million and a workforce of more than 1,000.