Bulley & Andrews has acquired Interior Construction Group, signaling continued momentum in construction industry mergers and acquisitions and reinforcing confidence in the commercial interiors market.
The deal, announced April 13, brings together two Chicago-based firms with long-standing histories in the sector. Financial terms of the acquisition were not disclosed.
Interior Construction Group, founded in 1988, will operate as Bulley & Andrews Interior Construction Group and remain based in downtown Chicago. According to company leadership, the transition will not result in layoffs or organizational restructuring.
Tim Puntillo, chief operating officer at Bulley & Andrews, said the move aligns with the firm’s broader growth strategy and strengthens its foothold in commercial real estate.
Company leaders from both firms pointed to strong confidence in the interiors market as a key factor behind the acquisition.
“Both B&A and ICG feel strong about the direction of the interiors market, as more and more firms return to in-office work and building’s continue to upgrade their spaces to accommodate the demands of today’s tenants,” Puntillo said. “By adding ICG’s interior expertise to our core capabilities, we’re opening the door to new growth and a stronger presence across the commercial real estate landscape.”
Interior Construction Group leadership echoed that sentiment, emphasizing the strategic value of combining capabilities.
“We are excited to be a part of the Bulley & Andrews family. Bringing our teams together allows us to bolster our capabilities to provide even greater value for our clients,” said ICG President Steve Zuwala.
Bulley & Andrews, which has operated for 135 years, reported $655 million in revenue in 2024 and ranked No. 196 on Engineering News-Record’s 2025 list of top U.S. contractors. The firm serves a range of sectors, including higher education, healthcare, retail and institutional construction.
The acquisition marks the fifth company added to Bulley & Andrews’ portfolio. Its previous deal included the 2020 purchase of Rock City Construction in Nashville, which now operates as Bulley & Andrews Rock City.
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The move comes amid a broader surge in construction industry consolidation, as firms seek to scale capabilities, expand geographically and respond to shifting market demands.
Industry experts expect the trend to persist. Sean Auton, co-managing partner of Kilpatrick’s Chicago office, recently predicted that M&A activity would remain strong through 2026. That outlook is already playing out, with companies across construction and construction technology continuing to pursue acquisitions.
Recent activity includes the purchase of Heavy Construction Systems Specialists by Nemetschek Group, further highlighting consolidation across both building and technology segments.
For Bulley & Andrews, the addition of Interior Construction Group represents both a strategic expansion and a bet on sustained demand for modernized office and commercial interiors, even as broader construction markets face mixed conditions.
Originally reported by Matthew Thibault, Reporter in Construction Dive.
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