The merger announcement, publicized on July 11, says.
By uniting as FORTIS, we’re combining all of our considerable strengths, enabling us to provide an even broader range of capabilities, resources and expertise to all our clients. As both of our firms already operate in the same market, even pursuing many of the same projects, this merger makes clear business sense on a number of levels. Most importantly, it will allow us to be more competitive and provide greater client service and satisfaction.
This partnership is a true merger in which our two firms will be managed and guided collectively under the FORTIS corporate banner. In doing so, we will vastly increase our project management, project estimating and overall administrative and client-support capabilities, opening up more business opportunities and growth potential than ever before.
The Windsor Star quoted DeAngeles Construction president Max DeAngelis as saying: “We basically thought it’s much better to combine our efforts and our strengths.” The report continued:
The new company will have a combined workforce of more than 100 and annual sales of $110 million, but co-owners DeAngelis and STC’s Scott Woodall and Tyler Beckett are planning an aggressive approach.
“I’m hoping to increase that by 20 to 30 per cent in the first year,” Woodall said.
“There’s no reason why we can’t compete both here, in Windsor and Essex County, and provincewide, on jobs in excess of $50 (million) to $100 million,” DeAngelis added.