Trenchless Technology

NOV 2018

Trenchless Technology is the premier communications vehicle for the trenchless industry. Through our multiple platforms, readers receive insights into the trenchless industry, as well as keep connected to the latest news, products and projects.

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Page 20 of 68

20 T R E N C H L E S S T EC H N O LO GY N OV E M B E R 2018 T H E T R E N C H L E S S R E H A B M A R K E T L A N D S C A P E took an interesting turn in 2018, with a multi-billion dollar construction company taking a giant and strategic leap into the world of trenchless tech- nology by purchasing two high-pro - file, North American manufacturers. Granite Construction LLC — a $3.5 billion publicly traded, national infra- structure company — earlier this year acquired Canada-based, LiquiForce and U.S.-based Layne Christensen (for- mer parent company of Layne Inliner). Together with Kenny Construction, which was added to the Granite family in 2012, they now form the Granite In- liner Division of Granite Construction. Going forward, cured-in-place pipe (CIPP) mainstay Layne Inliner will now be known as Granite Inliner; LiquiForce will retain its name in Canada. The acquisit ions of publicly trad- ed Layne Christensen ( purchased for $565 million) and privately- owned LiquiForce (terms not disclosed) were announced in June and April , respect ively. The acquisit ions fur- ther posit ion Granite as a nat ional leader across both the transporta - t ion and water inf rastructure mar- ket s; Going for ward for Granite, as well as the three trenchless compa - nies , all will now pursue a much wid- er geog raphic swath of the trenchless rehab market . "Granite is very committed to grow- ing the rehabilitation side and the water and wastewater side of its busi- ness," says Granite Inliner vice presi- dent Denise McClanahan . " There is a more committed growth to diversify and take this company to the next level ." McClanahan had worked for Inliner for 16 years, coming in as a di- rector of engineering . Today, she leads the Granite Inliner Division. While LiquiForce's inclusion in Granite's portfolio shouldn't be un- derstated — the company adds critical market position into the laterals sec- tor for Granite with its patented lat- eral lining process — combined with the Inliner brand takes Granite to an even stronger level in the water and wastewater infrastructure markets. Since 1989, the Inliner CIPP product has been used all over the world to protect , seal and renew more than 30 million ft of sanitary, storm and in- dustrial process piping . By Sharon M. Bueno Granite Construction Emerges as Top Trenchless Player Infrastructure Company Adds the Inliner and LiquiForce Brands to Stable of Companies

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