FOR IMMEDIATE RELEASE
HGC Group of Companies Announces the Acquisition of Luken Construction
Cincinnati, OH, Release: July, 28 2021
HGC Group of Companies announced today its planned acquisition of the Cincinnati-based Luken Construction.
HGC Group of Companies is comprised of Structural Systems Repair Group (SSRG), HGC Construction, Stanton Millworks, Trade31, and Stewart Iron Works. Together they provide a wide range of construction services including structural repair, general contracting, construction management, custom millwork, general trades and ornamental metal.
The collaboration of these five companies allows for a greater depth of experience, concentration of knowledge, and self-performance capabilities for its clients.
Founded in 1980, Luken Construction provides carpentry contracting, architectural woodwork manufacturing and general contracting to the commercial construction industry. Its services include millwork installation, casework installation, door & door hardware installation and millwork fabrication.
Mike Huseman, Chief Executive Officer of HGC Group, said the acquisition adds immediate value to HGC’s clients by increasing its self-perform capabilities, as well as supporting the Group’s long-term strategy of delivering outstanding service by completing complex projects quickly and accurately.
“We’re excited to welcome the employees of Luken Construction to our group. Given their reputation and capabilities, it is a logical acquisition to bolster HGC Construction and Trade31’s self-perform capabilities.” Said Huseman.
Ken Luken, President of Luken Construction, expressed his enthusiasm for the acquisition, which he believes will ensure both his team members and his clients will be delivered into capable hands.
“The timing couldn’t be better. Our number one consideration was to identify a buyer who could best serve our clients by maintaining our standards, while also providing our employees with an outstanding place to continue their careers. HGC more than fit the bill,” said Luken.
Luken Construction will not retain its name.
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