Schenectady

Schenectady’s LeChase Construction Services acquires Sano-Rubin

AJ Sign Co. employees install a new sign for LeChase Construction Services at Mohawk Harbor in Schenectady on Feb. 2.
PHOTOGRAPHER:

AJ Sign Co. employees install a new sign for LeChase Construction Services at Mohawk Harbor in Schenectady on Feb. 2.

SCHENECTADY A large, century-old Capital Region construction firm is now part of an even larger contractor whose regional headquarters is in Schenectady.

LeChase Construction Services closed on its acquisition of Sano-Rubin Construction Services on Monday. 

Sano-Rubin President Dave Hollander, great-great grandson of company founder Louis Rubin, will continue to lead the operation as a division of LeChase.

“My firm has known the LeChase firm for many, many years,” Hollander said. “In October we started talking about an acquisition.”

For now, Sano-Rubin will retain its office on Delaware Avenue in Albany and LeChase at Mohawk Harbor in Schenectady because neither site is big enough to accommodate the combined 120 employees. They do plan to join at a single location, eventually.

LeChase has 11 offices and its revenue exceeds $1 billion a year. President Will Mack said LeChase’s Capital Region office is similar in size to Sano-Rubin, each with $60 to $65 million in revenue per year.

Hollander and Mack said the two companies have competed at times for the same contract over the years but have also developed a respect for one another. The combination, they told the Daily Gazette Thursday, will provide better leverage and economies of scale in pursuit of contracts, material and personnel.

On an average project, the two firms rely on their own skilled tradespeople for about 30% of the work, so the acquisition increases the size and broadens the skillset of the in-house workforce.

Every existing employee is being retained and there are currently 15 openings for new employees.

The two firms have had a role in building or modifying prominent fixtures in the Capital Region landscape: Sano-Rubin’s signature projects include work at the Albany Institute of History and Art, Ellis Hospital and The College of Saint Rose, while LeChase projects include GlobalFoundries, Mohawk Harbor and BelGioioso Cheese.

More large projects are coming to the Capital Region, Mack said, including a new state public health lab, a wind turbine tower factory and potentially another semiconductor foundry.

There’s also billions of dollars in planned infrastructure spending. Much of it will go to sectors that LeChase doesn’t work in, such as roads and bridges but there will also be projects that fall right into LeChase’s space, such as sewage treatment plants or buildings for public entities, Mack said.

“We do plan to benefit from the infrastructure spending,” he said.

More: All News |Everything Schenectady

Categories: Business, News, Schenectady, Schenectady County

0 Comments

No Comment.