2 Seattle Construction Firms Snapped Up By Bay Area-Based Competitor
Deal terms were not disclosed. The three firms have been partners for several years, sharing business relationships between Seattle and the Bay Area, they said in a statement.
The acquisition will allow for scalable growth, succession planning and organizational growth, the companies said. It will also open up the employee stock ownership plan to Unimark and Servicemark employees, but the day-to-day operations will remain the same. Unimark has annual revenue of $70M.
As part of Skyline’s expansion, it opened ACCEND Construction and Skyline Capital Builders to improve the firm’s commercial interior footprint.
Unimark launched in 1953 as an in-house construction department of a Seattle property management firm and has since evolved into a tenant improvement and renovation project contractor. Servicemark provides minor services such as painting, electrical and carpentry.
Unimark has completed $13.8M SF of construction projects in its history, with 376K SF in progress. It is currently working with VM Ware on improvements to its 14th-floor space at the City Center of Bellevue.