“The acquisition marks an exciting opportunity to formally expand W.E. O’Neil’s operations into the Texas market, where they have completed several projects for long-time clients over the last two decades,” the Chicago-headquartered contractor said in a May 9 statement.
DCA, established in 2006, performs a mix of negotiated and lump sum work, much of which is relationship-based with repeat customers. DCA’s primary focus is on commercial construction in and around Austin. It is led by Led by Randy Don Carlos and Kevin Foltermann.
“We’re thrilled to welcome DCA to the company and look forward to combining the reputation and relationships they’ve established in the Austin market with our expertise and financial resources to create many new opportunities,” stated Brian Ramsay, CEO of O’Neil Industries, W.E. O’Neil’s parent company.
“As the construction market grows in Texas, the acquisition presents exciting possibilities for the firm’s employee-owners, in terms of project and career opportunities, as well as expanded depth and capabilities to serve W.E. O’Neil’s clients in Texas and nationwide,” the statement says.
“W.E. O’Neil shares many of the same values we do,” said Randy Don Carlos, President of DCA. “They were a natural fit to join forces with, and the acquisition presents tremendous advantages for our employees and our clients. We’re excited about the expertise they bring to our team, which will allow us, together, to pursue projects in the Austin market we may not have been positioned to previously.”