Granite Acquires Additional Trenchless Rehabilitation Assets and Expertise

Granite Acquires Additional Trenchless Rehabilitation Assets and Expertise

Strengthens Position in Water and Wastewater Market

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) announced today that it

has further strengthened its position in the water and wastewater market

by acquiring certain assets of Lametti & Sons, Inc. (“Lametti”), a

Minnesota-based company with expertise in cured-in-place pipe (CIPP)

rehabilitation and trenchless renewal. Lametti is one of the original

certified installers of the Inliner® CIPP product. As part of this

transaction, Granite acquired assets and equipment related to Lametti’s

CIPP business.

“We are excited about the opportunities that this acquisition provides

as we continue to build our capabilities and position ourselves as a

national leader in the water and wastewater markets,” said Granite

President and Chief Executive Officer James H. Roberts. “This is another

step in the execution of our strategic plan which includes strong

organic growth through our core business lines, acquisitions in the

water and wastewater markets, and additional growth and geographical

diversification in our vertically integrated business.”

“We are thrilled to formally welcome Lametti’s CIPP operations into the

Granite Inliner family,” said Vice President of Granite Inliner, Denise

McClanahan. “Lametti has been an integral part of our Inliner® CIPP

network for 23 years and I am confident that this transition will be

seamless for our customers and employees.”

This acquisition will become the Minnesota Area office of the Granite

Inliner Division, a wholly-owned subsidiary of Granite Construction

Incorporated, which includes operations based in Orleans, Indiana as

well as 17 offices and more than 800 employees in the U.S. and Canada.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction

Incorporated (NYSE: GVA) is a full-suite provider in the transportation,

water infrastructure and mineral exploration markets. Granite, America’s

Infrastructure Company, is an award-winning firm in safety, quality and

environmental stewardship, and has been honored as one of the World’s

Most Ethical Companies by Ethisphere Institute for ten consecutive

years. Granite is listed on the New York Stock Exchange and is part of

the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell

2000 Index. For more information, visit graniteconstruction.com,

and connect with Granite on LinkedIn,

Twitter,

Facebook

and Instagram.

Media



Jacque Fourchy, 831-761-4741



or



Investors



Ronald

Botoff, 831-728-7532

Source: Granite Construction Incorporated