Acquisition expands prefabricated building solutions and
services across the United
States
ALBANY,
Minn., July 16, 2024 /PRNewswire-PRWeb/ -- Wells,
one of the largest prefabricated building solutions providers in
the United States, has announced
the acquisition of GATE Precast, a subsidiary of GATE Petroleum
Company. With more than 110 years of combined experience in the
industry, the partnership aligns two companies dedicated to
innovation, solutions and services across the United States.
"As we bring GATE Precast into the Wells
family of employees, customers and shareholders, our capabilities
and vision align perfectly," said Sam
Nesius, chairman and executive vice president, The Wells
Companies, Inc.
"Every day at Wells, we're building the future — landmarks and
gathering places — for businesses, careers, families, communities
and greater prosperity," said Sam
Nesius, chairman and executive vice president, The Wells
Companies, Inc. "As we bring GATE Precast into the Wells family of
employees, customers and shareholders, our capabilities and vision
align perfectly."
Wells and GATE Precast have collaborated and shared best
practice methodologies for years, a core component of the
industry-best services and solutions available. This bold step
creates a stronger future and continues the mission of transforming
communities and inspiring pride in the solutions, spaces and
futures it creates through partnerships across the country.
"We're incredibly proud of what this means for our company, and
that includes partnering with each and every one of our team
members at Wells and those from GATE Precast," said Dan Juntunen, president and CEO, The Wells
Companies, Inc. "Our relationship has grown stronger over 10 years
and during that time, it has become very apparent that we share a
consistent vision; safety, focus on our people, quality products
and services, and strong client relationships. Our spirit of
collaboration, shared strengths and opportunities to make our
entire company even stronger is incredible. We are so excited to
welcome the people of GATE Precast into the Wells Companies."
With this acquisition, Wells grows to more than 20 locations
across the United States with 14
manufacturing facilities totaling 2200 team members covering over
30 states; and in 2023, completing more than 600 projects with
almost $4 billion in preconstruction
client engagement.
"This is an exciting step into building our future," said
Dean Gwin, president and chief
operating officer, GATE Precast. "We feel the synergies between our
two companies — and our clients will as well — especially
considering our years of benchmarking together. We're excited for
our future and confident that, together, we can serve our clients
with industry-leading solutions and services no matter their
location."
About Wells
Wells is one of the nation's largest full-service prefabricated
building solutions providers. With over 70 years of expertise,
Wells works alongside design and construction partners, adding
value by solving challenges, reducing risk and establishing trust
from project onset to completion. With an eye to the future, Wells
advanced research, manufacturing and building practices are
continuously raising standards for innovation and efficiency in the
built environment. The Wells team creates landmarks across the
U.S., transforming communities and helping businesses and
individuals thrive.
About GATE Precast
GATE Precast operates eight manufacturing facilities with the
most diverse product lines of prefabricated concrete systems for
structures. GATE Precast maintains its reputation for superior
quality while continuously engaging with academia, design-assist
partners and others in the construction industry to research and
develop innovative prefabricated products and finishes for the
built environment. With that focus, GATE Precast provides designers
greater freedom through a resilient product, owners more cost
certainty through lower life-cycle costs and builders an
accelerated project schedule and cleaner, safer jobsites. Our many
award-winning projects embody this focus.
Media Contact
Kimberly Wacker, Wells, 1
262.384.1334, kimberly.wacker@wellsconcrete.com,
https://www.wellsconcrete.com/
Jane Martin, GATE Precast, 1
251.593.9677, jmartin@gateprecast.com, https://gateprecast.com/
View original content to download
multimedia:https://www.prweb.com/releases/wells-announces-acquisition-of-gate-precast-expands-prefabricated-building-solutions-302197974.html
SOURCE Wells