FAQ: Webcor's Acquisition of GCON and Strategic Partnership

What is the main announcement in this content?

Webcor LP is acquiring GCON, a construction management firm, in a strategic relationship that is expected to close in Q4 2025, subject to customary closing conditions and regulatory approvals.

Why is this acquisition strategically important for Webcor?

This enables Webcor to leverage GCON’s expertise in critical environments like data centers and semiconductor projects to expand into high-growth technology markets that were previously untapped for Webcor.

How will GCON benefit from this strategic relationship?

GCON will benefit from Webcor and its parent company Obayashi’s depth of experience and increased bandwidth to pursue larger projects in GCON’s current markets including technology, healthcare, aviation, commercial and public works.

When is the acquisition expected to be completed?

The transaction is expected to close in Q4 2025, subject to customary closing conditions and regulatory approvals.

Will GCON continue operating as a separate company after the acquisition?

Yes, GCON will continue operating as a separate company, retaining its leadership, employees, vision, brand and Arizona headquarters.

Who are the key executives involved in this transaction?

Webcor President and CEO Matt Rossie and GCON CEO Mike Godbehere are the key executives, both expressing excitement about the strategic relationship and mutual benefits.

What are GCON’s main areas of expertise and market focus?

GCON specializes in critical environments including data centers and semiconductor projects, with operations in technology, healthcare, aviation, commercial, higher education and public works across 23 states.

What financial advisors were involved in this transaction?

RBC Capital Markets served as GCON’s exclusive financial advisor, and BaseRock Partners represented Webcor in this transaction.

Where are the headquarters of both companies located?

Webcor is headquartered in San Francisco with offices throughout California, while GCON is headquartered in Phoenix, Arizona and will maintain its Arizona headquarters after the acquisition.

How does this strategic relationship benefit clients of both companies?

Both companies remain deeply committed to their clients and project partners, with the relationship creating a more robust competitive advantage through strengthened capabilities, expanded reach, and mutual growth opportunities.