The Christman Company acquires MEDCO Construction from Baylor Scott & White Health
The Christman Company, a national construction management and real estate development firm based in Lansing, Michigan, and with an office in Knoxville, Tennessee, has acquired MEDCO Construction in Texas.
The acquisition allows Christman, which also has an office in Grapevine, Texas, to expand its construction services and sets the stage for growth in Texas and surrounding areas.
MEDCO was the construction arm of Baylor Scott & White Health, the largest not-for-profit healthcare system in Texas. It had previously operated as an in-house construction partner for the system for more than 55 years. The unique collaboration resulted in some of the most innovative medical centers in the system and the state of Texas.
With this acquisition, the former MEDCO staff joins forces with Christman, combining national level expertise with long-standing local relationships. With more than $1 billion in annual revenue, Christman was seeking a strategic partnership in the region and together with Baylor Scott & White Health, determined this would be a good fit for both organizations.
“The expansion of resources allows us to serve clients in sectors where Christman excels, such as healthcare, corporate headquarters, higher education and places of worship,” said Steven Roznowski, president and CEO of Christman. “Our new team members share Christman’s cultural foundations of integrity, safety and providing the highest value for clients. Together, we will deliver value through an extended network of national resources.”
At a recent celebration marking 2,000 days without a lost-time accident, Denward Freeman, who served as president at MEDCO, said, “We are excited to join The Christman Company, with their dedication to safety and expertise in complex healthcare environments. This and other common values will allow our teams to serve our clients with quality and integrity.”
Baylor Scott & White Health COO John McWhorter added, “We are confident that Christman will advance MEDCO’s mission of offering exceptional services as a leader in construction.”
Christman’s expansive network of programs and services are immediately available and include self-perform and millwork skilled trades.
About The Christman Company
The Christman Company, founded in 1894, is one of the country’s leading professional construction services firms. The company’s award-winning services include construction management, general contracting, design/build, program management, real estate development, self-perform and millwork services. Christman specializes in a variety of construction markets, including government, higher and K12 education, industrial and power, healthcare, and corporate office. Ranked at 93 in the Engineering News-Record ENR 400 top contractors nationally and 63 in the ENR 100 Construction Management-at-Risk firms , Christman has more than $4 billion in construction underway managed by 485 professional employees across five states throughout the Southeast U.S., the Midwest, the Southwest U.S., and the mid-Atlantic. For more information, visit http://www.christmanco.com, and connect on Facebook, LinkedIn or Twitter.