Rieth-Riley buys out H & D
GRAWN /PETOSKEY – Rieth-Riley Construction Co., Inc. of Grawn acquired H&D, Inc., a construction company in Petoskey March 30.
The acquisition will strengthen Rieth-Riley's position in northern Michigan and allow H&D to maintain a strong level of service to its customers. H&D will be a division of Rieth-Riley.
According to H&D President Tom Irwin, most customers won't even know the difference.
"To the public the acquisition should appear seamless," he said. "They will be dealing with the same people, the same quality and ethics and the same yellow trucks. Rieth-Riley has operations advantageous to the area we serve which expands our market."
The Rieth-Riley buyout has answered lingering questions for H&D employees concerned about the future of the company.
According to company officials, Rieth-Riley is an American company interested in maintaining everything H&D stood for, notwithstanding, its reputation, employees, and the same yellow trucks.
Irwin said stockholders were also looking for succession plans.
"Of the various options offered, Rieth-Riley provided long-term stability and the best opportunity, enabling H&D and its employees to remain together, which is an important factor."
Rieth-Riley, located on M-37 South in Grawn serves Grand Traverse, Kalkaska, Roscommon, Crawford and many western counties. It also has operations in the Grand Rapids and Lansing areas, which will provide additional opportunities for H&D.
Both construction companies started out primarily in heavy concrete work, but do everything now from residential driveways to Home Depot parking lots.
H&D projects include: Bay Harbor, Hemingway Pointe, the airport runways on South Fox Island and Beaver Island, converting the fish hatcheries and restoring original streambed, building golf courses in the area, ski hills, running and racing tracks, tennis courts and ball diamonds.
H&D has a total of five asphalt plants, three of which are permanent near Cheboygan, Gaylord and Petoskey; the other two are portable. It has four complete aggregate crushing spreads with additional specialty screening plants, all of which are portable and serve many aggregate deposits, both leased and owned, in northern Michigan. H&D serves the northern half of the Lower Peninsula and the eastern Upper Peninsula. BN