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You are at:Home » Punch List: Procore Closes $845M M&A Deal, Jacobs Wins $131M Water Job
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Punch List: Procore Closes $845M M&A Deal, Jacobs Wins $131M Water Job

Machinery AsiaBy Machinery AsiaSeptember 11, 2026No Comments5 Mins Read
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Construction Dive’s Friday Punch List is a series dedicated to sharing the top building headlines that contractors may have missed during the week. ​

The first full week of September brought a lot of construction news. Bechtel arrived substantial completion of a major Texas LNG projectwhile the CFO resigned at casino giant Bally’sa few weeks after he had slowed down his work $1.7 billion project in Chicago.

Construction Dive also kept pace with the industry’s biggest story of 2026 with a deep analysis of the data center construction boom.

While all this was happening, other news was also coming out. Read on for more stories relevant to construction executives this week.

Procore Closes DroneDeploy Acquisition

The giant Contech Procore has officially closed on its $845 million cash acquisition from leading visual intelligence and robotics firm DroneDeploy, according to an announcement Wednesday by Ajei Gopal, CEO of Procore. Procore first announced the deal on July 29.

Procore will tie its offerings, which include planning and document collaboration capabilities, to DroneDeploy’s inspection technology, according to the announcement. Cameras and robots can continuously scan a site, with the data uploaded to Procore’s platform for builders to compare with BIM models.

— Matthew Thibault

Jacobs wins $131 million Oklahoma City wastewater contract

Oklahoma City is turning to a well-known contractor to meet the growing demands on its wastewater infrastructure.

The Oklahoma City Water Utilities Trust used Jacobs to provide operations and maintenance services city ​​wastewater facilitiesaccording to a Thursday statement. The five-and-a-half-year contract supports four treatment facilities with a combined capacity of more than 110 million gallons per day.

The scope also includes a regional pumping station and associated solids management programs, according to the release. The Dallas-based company plans to implement improved maintenance practices and data-driven planning to improve operations and asset reliability, according to the release.

The value of the contract is $130.5 million, OKCWUT confirmed with Construction Dive.

—Sebastian Obando

Skanska wins a $114 million bridge

Stockholm-based Skanska has added to its civil portfolio, winning a $114 million design-build contract of the Washington, DC District Department of Transportation, along with the Federal Highway Administration, the company announced Tuesday.

The work includes rehabilitation of the northbound I-395 bridge, also known as the Arland D. Williams Jr. Bridge. Memorial Bridge, over the Potomac River that connects the city to Arlington, Virginia. Skanska will replace the boat protection system on the tilting piers and bridge barrier to meet crash requirements, rehabilitate the superstructure of the approach spans and replace secondary bridge components such as overhead signal structures.

Built in 1950, the four-lane, less than half-mile bridge carries about 90,000 vehicles a day, serving as an integral route for car and freight traffic in the region. The bridge improvements will extend its useful life an additional 75 years, according to the release. Construction is scheduled to begin in early 2027.

—Zachary Phillips

Brasfield & Gorrie, granite floor infrastructure projects

Two contractors on opposite sides of the country won government jobs after the Labor Day holiday.

On Tuesday, the The US Coast Guard announced that it awarded Brasfield & Gorrie a $45 million contract for major waterfront repairs at Sector Jacksonville Annex in Atlantic Beach, Florida.

The Birmingham, Ala.-based contractor will replace aging and storm-damaged infrastructure, rebuilding the 60-year-old seawall and bulkhead. It will also demolish an existing pier and install a new one, up to 275 feet long, according to the release. Completion is expected in 2029.

Meanwhile, Granite Construction announced Thursday that it won a $23.7 million contract Federal Highway Administration to work in Glacier National Park in Montana. The Watsonville, Calif.-based builder will rehabilitate 7.22 miles of Two Medicine Road, the primary access corridor serving the Two Medicine area of ​​Glacier National Park.

Granite’s scope of work includes road reconstruction and the construction of new visitor facilities. Construction is scheduled to begin in the fall of 2026 and is expected to be completed by the end of 2027, according to the release.

—Joe Bousquin

Suffolk promotes Florida executives

Boston-based Suffolk has promoted four executives in its Florida offices.

The contractor touched Robert “Trey” Black as executive vice president of Gulf Coast operations and Matt Smith as chief operating officer for Central Florida, according to Tuesday’s announcement. Both Black and Smith will report to Pete Tuffo, president of the company’s Gulf Coast and National Gaming.

As part of his duties, Black will lead Suffolk’s global business throughout the Gulf Coast market, according to the company. He will also oversee its portfolio and client relationships, along with project teams in the Tampa and Estero offices.

Meanwhile, Smith will lead day-to-day operations in the Central Florida region. He will be responsible for project delivery, team development, resource planning and operational performance, according to the announcement.

Suffolk also made two other promotions in its Tampa and Sarasota offices: The company named Corey Smith as vice president of preconstruction and Brian Stathers as vice president of operations, according to the announcement.

—Matthew Thibault

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