Posted on June 19, 2023
Manhattan Road & Bridge Co., a subsidiary of Manhattan Construction Group, has acquired assets and select project contracts of Jensen Construction Co. (South Division).
Jensen specializes in overwater bridge construction and is the oldest operating subsidiary of The Rasmussen Group of Des Moines, Iowa.
The acquisition includes a marine fleet of more than 52,000 square feet of inland marine barges, tug and work boats and assumes three notable bridge projects, including:
- Work for the Oklahoma Department of Transportation in Rogers County involving the US 412 westbound bridge over the Verdigris River.
- Work in Muskogee County on US 62 eastbound and westbound bridges over the Arkansas River.
- Work for the Louisiana Department of Transportation & Development Caddo Parish on the Highway 1 bridge over Caddo Lake near Mooringsport, Louisiana.
“The Jensen acquisition bolsters our marine-based structures and bridge-building capability with additional expertise and enhanced equipment resources,” Manhattan Construction Group President Larry Rooney said in a release. “We look forward to continuing the long tradition of marine construction work that Jensen brings to the table.”
Rooney said the acquisition also will extend the company’s reach into the Southeast and Florida.
Manhattan Road and Bridge President Mike Webb said Jensen Vice President Brad Peterson and employees of Jensen’s South Division will be integrated into Manhattan, raising Manhattan Road & Bridge’s employment total to approximately 500.
Manhattan Road & Bridge Co. provides bridge and heavy infrastructure construction services in Oklahoma, Arkansas, Tennessee, Mississippi, Louisiana and Florida. Work includes bridge construction and repair, pile-driving services, and decorative and stained concrete bridge construction for government entities, private railroads, and port and dock operators.
Founded in 1896, Manhattan Construction Group is a fifth-generation Rooney family-owned construction services company co-headquartered in Tulsa and Naples, Florida.
Jeff Rasmussen, president of the Rasmussen Group, said the decision to sell Jensen’s operations was difficult. Long-standing relationships between the companies and executives made it easier.
