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Suffolk Construction Acquires Dietze Construction of Washington, D.C./VA

Suffolk's acquisition of Dietze will strengthen its existing position in the Mid-Atlantic region and expand its ability to service clients in key sectors such as government, healthcare, education, science/technology and commercial. With this acquisition, Suffolk will also leverage Dietze's experience managing construction of secure government facilities, which is one of the nation's high-growth sectors.

"In this economic environment, it is critical that we continue to seek opportunities to expand our business, diversify our work and exceed client expectations. Dietze is a highly respected firm with a strong reputation in the Mid-Atlantic region. By combining our existing local resources and complementary strengths, we will be able to provide impeccable service to our clients, expand our presence in a regional market that is showing tremendous signs of growth, and diversify our business across high-growth sectors," said John Fish, Chairman and CEO, Suffolk Construction Company, Inc.

"Suffolk shares similar core values and principles with the Dietze team and we are pleased to be working with a company with such an excellent reputation who has continued to grow and expand its presence because of its commitment to client service, quality workmanship and innovative construction management approaches. Our partnership with Suffolk will provide us the resources, investments and proven processes to expand our offerings to our existing clients, strategically create opportunities to work in new market segments, and uncover more opportunities to work with new clients," said Ralph Dietze, President/CEO, The Dietze Construction Group.

Founded in 1982, Suffolk Construction is one of the leading privately held construction management firms in the country, with main offices in the Northeast, Mid-Atlantic, Southeast and West Coast regions of the country. Suffolk provides preconstruction, construction management, design/build and general contracting services and has a strong reputation for delivering challenging building construction projects in the healthcare, education, science/technology, government and commercial sectors.

Suffolk's approach, capabilities and offerings are transforming the way clients achieve success in the construction industry. Suffolk has a commitment and passion for environmentally-friendly business practices and sustainable building, a focus on state-of-the-art technologies to support key processes, such as Building Information Modeling (BIM), and a creative and intensive approach to preconstruction planning which has resulted in higher quality and lower overall costs for clients.

Suffolk has successfully managed, or is currently managing, some of the most complex and notable projects in the country including: the John W. McCormack Building in Boston, the largest Federal historic renovation project in the country aiming for a LEED Gold Certification and first LEED certified renovation for the U.S. General Services Administration; The Center for Life Sciences, a 1.1 million square-foot research building in Boston; Beth Israel Deaconess Medical Center's new ambulatory wing in Needham, MA; design-build construction of housing barracks for the United States Army Corps MATOC at historic Ft. Myer, Virginia; the Torrey Pines Institute for Molecular Studies at the Florida Center for Innovation in Port St. Lucie, Florida; Met 2, a mixed-use development project in Miami Florida; Los Angeles Unified School District High School #12 in Los Angeles; and Mandarin Oriental Boston Hotel & Residences in Boston.

Established in 1993, The Dietze Construction Group has developed into a well-known, well-respected entity with headquarters in Ashburn, VA. Dietze specializes in a variety of construction including base building, tenant interior, mission critical environments and multi-family residential construction. Dietze has also established itself in the competitive field of high-security federal government facilities. Dietze is one of the leading contractors in the region and is focused on client service, building relationships, flexibility and quality workmanship.

Dietze has constructed, or is constructing, a number of projects in and around the Virginia/D.C. area including: a new 100,000 square-foot clubhouse for the Army-Navy Country Club; a 1 million square-foot interior construction of headquarters for the Securities and Exchange Commission; design-build construction of a new apartment complex at the Howard Hughes Medical Institute in Ashburn, VA; two high-end restaurants for Clyde's Restaurant Group in Broadlands, VA and at Gallery Place, Washington, D.C; AES's corporate headquarters in Arlington, VA; a data center for Coresite in Reston, VA; the Lincolnia Road Residences, a 425,000 square-foot multi-family building in Alexandria, VA; and the Clemson Corner retail center in Frederick, Maryland.

Suffolk Construction Company
Pam McDermott/Carolyn Spicer, 617-557-9190