Steamboat-based TIC plans merger


— TIC Holdings has agreed to merge with Nebraska-based Kiewit Corp.

TIC employs about 200 people at its corporate headquarters in Steamboat Springs. It is slated to become a wholly owned subsidiary of Kiewit.

TIC does not intend to move out of Steamboat, Corporate Relations Director Gary Bennett said Wednesday.

"The plan is to continue operating as we have in the past," he said.

TIC, a heavy industrial contracting company, has about 9,000 employees nationwide, Human Resources Manager Avrom Feinberg said.

Officials signed the letter of intent to merge Sept. 9, according to a statement Bennett provided. The companies expect to close the deal by the end of the year, it stated.

Kiewit, which is based in Omaha, is an employee-owned construction and engineering organization, according to the statement. It has offices in the Denver area and Rifle, according to the company Web site. No one answered the phone at company offices Wednesday evening.

Kiewit offers services in areas such as transportation, buildings, water and power, telecommunications, oil and gas facilities, mining and offshore facilities, according to the statement.

The company's work force includes about 6,000 salaried and hourly staff and more than 16,000 craft workers, according to the statement. Kiewit's Web site states that it has been ranked by Fortune magazine as one of America's most admired companies.


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