Plaza Construction Sells to Chinese Builder

NEW YORK CITY—The American subsidiary of China’s largest construction firm has acquired one of the largest builders in the US. Plaza Construction, originally founded to provide construction management and general contracting on Fisher Brothers projects, has sold to China Construction America, a subsidiary of China State Construction Engineering Corp. The price was not disclosed.

Plaza will continue to operate autonomously under the Plaza Consruction name, the company said Monday. “Our firm has always maintained a very ‘hands-on’ approach to working with our clients and managing world class construction projects for nearly 30 years,” says CEO Richard Wood. With the sale to China Construction, he adds, “Plaza is poised for accelerated growth with enhanced resources and bonding and procurement capabilities.”