Granite Subsidiary Awarded $11 Million Pavement Preservation Contract in Texas

Granite (NYSE:GVA) announced today that Intermountain Slurry Seal, Inc., a wholly-owned subsidiary of Granite, has been awarded an $11 million pavement preservation contract by the City of Amarillo, Texas.

Scope of work includes pavement maintenance for approximately 440 lane miles on both residential and arterial roads throughout the City of Amarillo, equating to approximately 25 percent of the City's road system. Seal coat (chip seal) and microsurfacing treatments will be used to help extend the life of the existing pavement.

“We look forward to building a relationship with the City of Amarillo throughout this project and continuing to expand our footprint in Texas,” said Chris Burke, vice president and regional manager for Intermountain Slurry Seal. “Our commitment to operational excellence, including safety, environmental, quality, productivity and our core values, is the foundation of our success and how we meet the needs of all our clients.”

Construction on the project is expected to begin this spring and is estimated to be complete later this summer.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for eleven consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, and connect with Granite on LinkedIn, Twitter, Facebook and Instagram.

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