Plainville engineering and construction company Loureiro Engineering Associates Inc. has bought Coventry-based contractor Pelletier Builders, Inc.
According to newly-installed Laureiro CEO Brian Cutler, the acquisition strengthens the company by expanding its construction capabilities. Pelletier will now operate as Pelletier Builders LLC, and will retain most of its employees.
“The Pelletier team brings decades of general contracting expertise on a range of facility types, which supplements our existing heavy/civil construction offerings,” Cutler said. “This type of integration is rare in our industry.”
Financial details of the purchase were not disclosed.
Cutler served as Laureiro’s president before being appointed to the position of CEO in December. He succeeded Jeffrey Loureiro, who now serves as project coordinator.
“I am excited to pass the torch to Brian’s capable hands,” Loureiro said. “He has played an instrumental role in the vision and core values that define us today.”
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