News Summary
STV Group has announced the acquisition of Cypress Construction Management to enhance its construction management capabilities in Northern California, focusing on sectors like education and healthcare. Cypress, known for its successful project portfolio, will now operate as Cypress Construction Management, an STV Company. This merger will strengthen STV’s national PM/CM group, benefiting clients and communities through improved project delivery.
STV Group Expands Northern California Presence with Cypress Construction Management Acquisition
STV Group, Incorporated has recently announced the acquisition of Cypress Construction Management, LLC, which will now operate under the name Cypress Construction Management, an STV Company. This strategic move is aimed at enhancing STV’s role in managing construction projects in Northern California, specifically in key sectors such as education, healthcare, justice, and public facilities.
Cypress Construction Management’s Strong Portfolio
Headquartered in the Sacramento region, Cypress Construction Management is recognized for its comprehensive program and construction management services tailored to public clients throughout California. The firm has built a solid reputation, excelling in design-build delivery and managing transformative projects. Some of the notable projects included in Cypress’s extensive portfolio are:
- Resources Building Renovation in Sacramento
- Orange County Justice Center in Santa Ana
- Sierra College’s capital improvement program
Impact on STV’s Infrastructure Capabilities
The acquisition is set to significantly bolster STV’s capabilities in the region, aligning perfectly with the company’s strategic growth plan. With this merger, STV further solidifies its national program and construction management (PM/CM) group, which comprises over 600 professionals, including program managers, construction managers, and project controls specialists.
STV’s Nationwide Experience and Projects
STV has a vast array of experience providing PM/CM services across various sectors, including transportation, aviation, education, and healthcare. Among the firm’s signature projects are:
- Anaheim Regional Transportation Intermodal Center (ARTIC)
- Delta Air Lines Terminal C at LaGuardia Airport
- Seattle Center Monorail Station upgrades
- Ruth Bader Ginsburg Hospital
Recent Transportation Initiatives
In addition to its extensive project portfolio, STV has led several major transportation initiatives in recent years. Among the most notable projects are:
- Sound Transit East Link and Northgate Link Extensions Systems Construction
- LA Metro Zero-Emissions Bus Program
- LA Metro Purple Line Extension Sections 2 and 3
STV also played a critical role in the expansion of Terminal 3 at Los Angeles International Airport (LAX), adding nine new gates to enhance the operational capacity of the airport.
Cypress’s Project Management Experience
Cypress Construction Management has a proven track record of managing projects valued over $1 billion, working with clients such as Sierra College and the Judicial Council of California. This extensive experience positions the newly combined entity well to tackle significant projects with public and private sector clients in the region and beyond.
STV’s National Standing
STV is recognized for its achievements within the industry, ranked 34th in Engineering News-Record’s Top 500 Design Firms survey, and 11th in its transportation category. With its main headquarters located in New York City, STV has expanded its reach with over 65 offices and approximately 3,300 employees across the nation, maintaining a strong presence in various regional markets.
Looking Ahead
The partnership between STV and Cypress is anticipated to yield numerous benefits for clients and the communities they serve, leveraging combined expertise to elevate construction management services in California. As both firms move forward, they are committed to enhancing project delivery and client satisfaction, affirming their positions as leaders in the infrastructure sector.
Deeper Dive: News & Info About This Topic
Construction CA Resources
Additional Resources
- STV Group Expands Northern California Presence
- Sacramento Bee: Transportation News
- SF YIMBY: DGS Resources Building
- Santa Monica Daily Press: Construction Growth Report
- School Construction News: Cypress College Upgrades
Author: Construction CA News
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