Two Leading Central Virginia Constructors to Merge in 2014
J.E. Jamerson & Sons, of Appomattox, and C.L. Lewis & Company, Inc., of Lynchburg, will merge in the first quarter of 2014 to form Jamerson-Lewis Construction, based in Lynchburg.
The merger combines the strengths of two successful businesses that are positioning themselves as a regional industry leader. The two companies have more than 150 years’ combined construction experience and established reputations for building excellence. C.L. Lewis & Company was the contractor for the State Theatre Restoration, designed by Hanbury Evans Wright Vlattas + Company, which received a 2013 VSAIA Design Award.
“There were two issues driving the decision from our standpoint,” J.E. Jamerson & Sons President Phillip Jamerson says of the strategic move: “The ability to compete with the larger firms for university and healthcare work and our desire to create a succession strategy to assure the company’s infinite success.”
With its increased size, strength, and experience, the newly formed company is positioned to provide both preconstruction and construction services, giving it a major advantage and competitive edge in acquiring work in their target markets, Jamerson says of the plan.
Preston Craighill, CEO of C.L. Lewis & Company, Inc., concurs. “The immense shared experience between our companies and natural synergy amongst our teams made this merger a win-win for everyone involved,” he says.
Jamerson-Lewis Construction will be guided under the leadership of S. Preston Craighill III as president and Phillip Jamerson as CEO. They are projected to add up to five positions a year over the next five years to support new-market growth. Both Craighill and Jamerson agreed that this strategic move strengthens their teams, enriches their extensive portfolios, gives them an edge, and provides the opportunity to create the best construction company in Virginia.
“Our focus is to develop a company that is built not only to succeed, but to maintain a legacy well beyond our lifetime,” Craighill says.