New York-based STO Building Group has added West Coast
builder Abbott Construction to its network of companies.
The privately held STO (formerly Structure Tone) said the
merger will allow both better serve clients with multiple locations and enhanced
“The Pacific Northwest has been a key strategic market for the STO Building Group, and Abbott is a terrific addition to our family of companies,” said Robert Mullen, STO Building Group CEO.
“By joining forces, both firms can leverage each other’s geographic reach and take advantage of each other’s strengths, relationships, geographies, and resources to better serve our clients across the globe.”
STO restructured as the STO Building Group in 2018 to
provide a platform for growth that allows each of its member companies to
maintain their cultural identity while leveraging the strengths of a
multicompany organization. In the last four years, Canadian firm Govan Brown
and US firms Ajax Building Company, BCCI Construction, and Layton Construction
have merged with STO Building Group.
Abbott, which has current revenue of about $250 million and
265 employees, will keep its identity, and its current leaders will retain an
ownership position in the organization and maintain their roles as the senior
leadership team of the business.
“From our existing relationship working with Abbott on two
significant joint venture projects, we are confident that this merger is a
great fit for both companies,” said David Layton, president and CEO of Layton
Construction, who Abbott will report through. “And with Layton’s proximity to
the Pacific Northwest and existing presence in Southern California, we’re
looking forward to helping Abbott grow in those core markets.”
Founded in 1983, Abbott works in a variety of sectors such
as healthcare, hospitality, education, non-profit, retail, and tenant
interiors. Some of their most notable recent projects include the FAA Northwest
Mountain Regional Headquarters in Des Moines, WA; Big Fish Games Seattle
headquarters, the UCLA Margo Leavin Graduate Art Studios in Culver City, CA.
“The opportunity to merge with such an incredible firm as
Abbott is exactly why we shifted our structure to STO Building Group,” said
James Donaghy, STO Building Group executive chairman. “We value the reputation
and heritage of the firms who merge with our organization, and each has kept
its identity as a way to honor that legacy. As we continue to grow, we want to
respect that history, but also reflect the collective expertise our companies
offer and allow our employees to benefit from the larger organization’s
STO now has over 3,300 employees located in offices
throughout the US, Canada, UK, and Ireland and nearly $8 billion in annual
revenue. Services cover everything from
site selection analysis, design constructability review and aesthetic
enhancements to interior fit-outs, new building construction and building
infrastructure upgrades and modernization.
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