CARSON CITY, Nev. — Granite Construction Incorporated (NYSE: GVA), one of the nation’s leading infrastructure and materials companies, has announced that its wholly owned subsidiary, Centennial Aggregate Inc., has completed the acquisition of Cinderlite Trucking Corporation, a well-established construction materials, landscape supply, and transportation business headquartered in Carson City, Nevada.
The move marks a strategic step in Granite’s long-term plan to strengthen its home market strategy and expand its footprint in northern Nevada’s rapidly growing construction sector. The acquisition brings substantial benefits to Granite’s vertically integrated operations, adding both scale and stability to its materials division.
According to the company, the acquisition of Cinderlite will contribute approximately 100 million tons of aggregate reserves and an estimated 975,000 tons of annual production volume, securing long-term material supply for public infrastructure, residential, and commercial projects throughout the region.
The transaction enhances Granite’s ability to self-perform construction projects, ensuring greater control over supply chains, production efficiency, and cost competitiveness. With Nevada experiencing sustained growth in housing, transportation, and energy infrastructure projects, this acquisition places Granite in a stronger position to meet regional demand.
“The acquisition of Cinderlite significantly strengthens Granite’s vertically integrated home market position,” the company stated. “The transaction adds substantial material reserves to Granite, including ~100 million tons of aggregate resources and an annual production volume of ~975,000 tons.”
Cinderlite Trucking, known for its long-standing presence in the region, operates multiple quarry and aggregate sites, along with a robust logistics and trucking network. By integrating these operations, Granite gains enhanced logistical flexibility and regional market access—particularly within Carson City, Reno, and Lake Tahoe markets, where infrastructure investments continue to rise.
The acquisition also supports Granite’s sustainability goals by increasing its access to locally sourced materials, reducing transport emissions, and enabling more environmentally efficient supply chains for construction and paving projects across Nevada.
Granite Construction operates through two main business segments — Construction and Materials — and is recognized as one of the largest diversified infrastructure contractors in the United States. The company’s portfolio includes major public infrastructure, transportation, and water resource projects across multiple states.
Granite’s Nevada presence, now bolstered by the Cinderlite acquisition, reinforces its status as a key player in the western U.S. infrastructure ecosystem. The expansion aligns with the company’s broader mission of combining regional market expertise with vertically integrated materials control, positioning it for long-term resilience and growth.
While Granite remains a strong player in the infrastructure and materials sector, analysts note that the broader investment landscape continues to evolve as AI and technology-driven stocks capture market attention. However, Granite’s fundamental growth strategy, materials security, and regional dominance continue to make it a compelling long-term infrastructure investment.
Granite Construction’s acquisition of Cinderlite Trucking Corporation enhances its Nevada operations, securing over 100 million tons of aggregate reserves and expanding its vertically integrated materials network. The move aligns with Granite’s strategic focus on sustainable growth and operational efficiency in high-demand markets across the western U.S.
Originally reported by Maham Fatima in Yahoo Finance.
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