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Tag: The Branch Group

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.

New SVP for HR joins The Branch Group

Roanoke-based The Branch Group Inc. has hired Tina Pfalzgraf as senior vice president for human resources, the company announced March 28.

Pfalzgraf’s first day was Monday. She will be responsible for leading human resource initiatives for the company, and will serve on its executive leadership team. Pfalzgraf has more than 25 years of experience in human resources, and most recently served as senior director of human resources operations for the advancing national security business unit at Dallas-based Jacobs, an engineering and construction consulting services firm.

She has a bachelor’s degree in business administration from Pacific Union College, according to her LinkedIn account.

Founded in 1963, the employee-owned Branch Group provides corporate services and leadership to its companies: Branch Civil, Branch Builds and G.J Hopkins | Lacy.

 

 

The Branch Group names Wilber Chen head of unit

Roanoke-based construction firm The Branch Group has named Wilber W. Chen as president of its G.J. Hopkins | Lacy MEP (manufacturing, electrical and plumbing) business unit, the company announced Friday.

Chen comes to Branch with more than three decades of experience in the MEP transportation and heavy civil markets. He will be part of the executive leadership team and report to CEO Donald Graul.

He was a senior design-build manager and original equipment manufacturer manager for Kiewit’s Water group. Chen has also been a senior vice president in Parsons National Industrial/MEP sector.

Chen holds a bachelors’ degree in civil engineering from California State Polytechnic-Pomona and will relocate from California to Roanoke.

The Branch Group announced earlier this month that it would relocate its corporate headquarters to a larger building in Roanoke.

Founded in 1963, The Branch Group, which is employee-owned, provides corporate services and leadership to its companies: Branch Civil, Branch Builds and G.J Hopkins | Lacy.

The Branch Group moving into former Roanoke Kroger division HQ

Construction company The Branch Group Inc. is relocating its corporate headquarters to a larger building within Roanoke, the company announced Monday.

The company sold its current headquarters for $2.9 million in September. It has purchased the former Kroger Co. mid-Atlantic division’s headquarters, a 58,000-square-foot building on Peters Creek Road for $3.125 million, to expand and consolidate its three current office locations. The Branch Group plans to renovate the facility and move in, in early 2022. The Kroger division moved its headquarters to Glen Allen in January.

“We saw the purchase of the former Kroger Regional headquarters as a great opportunity to grow and expand while maintaining our commitment to Roanoke and Southwest Virginia,” The Branch Group CEO Donald Graul said in a statement. “A vast majority of our 800 employees live and work in the Roanoke region and this provides us an opportunity to further collaborate on critical projects for our customers.”

Steve Zegarski and Jason Fountain with Waldvogel Commercial Properties Inc. and Fenton Childers and Austin Newman with S.L. Nusbaum Realty Co. handled the sale.

Founded in 1963, The Branch Group, which is employee-owned, provides corporate services and leadership to its companies: Branch Civil, Branch Builds and G.J Hopkins | Lacy.

Branch Group HQ in Roanoke sells for $2.9M

The Branch Group Inc. has sold its Roanoke headquarters building for $2.9 million, Poe & Cronk Real Estate Group announced this week.

The 39,016-square-foot building at 442 Rutherford Ave. will remain as the company’s headquarters in a sale-leaseback transaction that allows the construction company to be a tenant.

The buyer, represented by Matt Huff and Bryan Musselwhite of Poe & Cronk, is CJI Property Holdings LLC, a Roanoke-based business entity and investor.