El Paso TX –June 17, 2013 – Hunt Companies Inc. today announced that it has successfully closed on an agreement with the Moss Construction family of Companies (Moss). Hunt has made a minority investment in the Florida-based construction management firm.
As part of this transaction, Hunt will integrate its construction operations into all Moss’ future projects. Hunt’s current projects will be completed under the Hunt Building Company, Ltd. brand. As a result of this alliance, more than 50 Hunt employees in four states will transition to Moss sometime this year.
“We are very excited to partner with another family-owned company that has the same cultures and values as Hunt,” said Hunt’s Vice-Chairman, Mike Hunt. “Our team welcomes the opportunity to align ourselves with Moss and we look forward to delivering new business opportunities together in the future”.
Hunt’s construction business has operated as Hunt Building Company, Ltd. since 1971. Since then, Hunt has evolved into one of the nation’s leaders in design-build construction for the federal government, specializing in multifamily housing, military construction (MILCON), and public-private partnership programs. Hunt has delivered more than $8 billion in construction projects in a variety of sectors.
Hunt’s President and COO, Chris Hunt said, “This is part of our future strategic plan to partner with a leading construction company with complementary capabilities and expertise. Hunt and Moss have worked successfully on various projects in the past and this strategic alliance expands both companies’ opportunities for growth.”
“Moss has one of the most diverse portfolios in the industry. This agreement deepens our experience in the P3 sector and expands the depth of our relationships throughout the United States,” said Bob Moss, CEO of Moss & Associates. “With our two teams possessing complementary strengths, it made sense to combine construction operations.”
The alliance applies only to Hunt’s construction activities. Hunt Companies, Inc. will continue to operate as a real estate developer, investor and manager of real assets through its subsidiaries and affiliates.
Hunt Companies, Inc. is a national developer, investor and manager of real assets providing a broad range of services to public and private sector clients. Founded in 1947 and headquartered in El Paso, Texas, Hunt has more than 1,200 employees. Together, Hunt and its affiliates have $26.3 billion in assets under management, including 271,770 multifamily units and 5.1 million square feet of office, retail and industrial properties. Hunt has offices throughout the United States, including Atlanta, Boston, Chicago, Columbia (SC), Dallas, Denver, El Paso, Honolulu, Los Angeles, Miami, New York, Philadelphia, Sacramento, San Francisco and Washington, D.C., and international offices in Abu Dhabi, London and Mexico City. To learn more about Hunt, please visit www.huntcompanies.com.
Moss & Associates (www.mosscm.com) is a leading privately held construction firm headquartered in Fort Lauderdale, Florida. With eight regional offices, Moss focuses on construction management at-risk, design-build and public-private partnerships. The company's diverse portfolio encompasses a wide range of sectors including luxury high-rise residential, landmark mixed-use developments, hospitality, primary and higher education, justice and solar energy. Moss prides itself on a strong entrepreneurial culture that honors safety, quality, client engagement and employee development. Its employees consistently rank Moss as one of the best places to work for career satisfaction.