Financial terms of the transaction were not disclosed. Ohio Valley Excavating has 47 Dayton-area employees. The acquisition will not change that number, a spokesman said.
Founded in 2004, Ohio Valley Excavating serves the fiber telecommunications and utility industries with installation and maintenance for underground electrical, communications, pipe, and structural placements.
The local company’s founders and co-owners, Lori and Eldon Hallows and Rade Vladicic, will remain and serve as senior leaders of the organization, Congreux said in a release.
The Lebanon company’s “excavation and construction expertise will further expand our underground capabilities as part of turn-key design-build solutions for current and prospective customers in the Midwest,” said Bill Beans, Congruex chief executive.
Congruex now has more than 4,000 employees total across the nation.
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