Answer
The press release you quoted does not specify a calendar date for when the two newly‑acquired businesses (Warren Paving and Papich Construction) will be fully integrated into Granite’s operations and begin delivering the projected earnings contribution.
What the release does tell us is:
| Item | Details from the release |
|---|---|
| Acquisition status | Both transactions have already been completed (i.e., the deals have closed). |
| Financial expectations | Together the businesses are expected to generate roughly $425 million of revenue per year and an adjusted EBITDA margin of about 18 % (≈ $76 million of adjusted EBITDA). |
| Valuation | The combined purchase price is $710 million, which works out to a blended multiple of ≈ 9.2 × the expected adjusted EBITDA. |
| Integration timeline | No explicit timeline is provided. The release only says the acquisitions “strengthen and expand” Granite’s vertically‑integrated home‑market platform. |
How to interpret the missing timeline
- No explicit date in the announcement – The company’s statement does not include a target month or quarter for full integration or for the earnings contribution to begin.
- Typical industry practice – In the construction‑services sector, once a transaction is closed, companies usually aim to complete functional integration (systems, reporting, procurement, staffing, and cross‑selling) within 12–18 months. This window allows for:
- Consolidation of back‑office functions (finance, HR, IT)
- Alignment of operating processes and cost structures
- Execution of any planned synergies (e.g., shared purchasing, joint project pipelines)
- Consolidation of back‑office functions (finance, HR, IT)
However, this is a general benchmark and not a guarantee for Granite; the actual timeline can be shorter or longer depending on the complexity of the two businesses and the speed of Granite’s integration team.
3. Earnings contribution – The press release says the acquisitions “are expected to contribute approximately $425 million in revenue annually with an expected adjusted EBITDA margin of approximately 18 %.” This phrasing implies that once the integration is complete, the contribution will be reflected in the subsequent full‑year financial results. In practice, analysts often treat the first full fiscal year after the close as the baseline for measuring the earnings impact, unless the company signals an earlier ramp‑up.
What you can do next
- Monitor future company communications – Granite will likely issue a follow‑up press release, an earnings call transcript, or a Form 8‑K filing that provides a more concrete integration schedule or interim performance updates.
- Check the investor‑relations website – Companies often post slide decks or presentations that include integration milestones (e.g., “Q4 2025: complete back‑office consolidation; Q1 2026: begin joint project execution”).
- Watch the next earnings releases – The first quarterly report after the close (likely Q3 2025 or Q4 2025, depending on the exact closing date) may include a line‑item or commentary indicating whether the acquired entities have started to feed into consolidated earnings.
Bottom line
Based on the information in the August 6 2025 Business Wire announcement, Granite has finished the acquisitions but has not disclosed a specific date for full integration or for the earnings contribution to commence. In the absence of a stated timeline, investors typically assume that the earnings impact will be realized within the next 12–18 months, with the first full fiscal year after integration being the most reliable benchmark for measuring the projected $425 million revenue and ~18 % EBITDA margin contribution. For a definitive answer, you’ll need to wait for a subsequent update from Granite that outlines the integration schedule.