Waterhout Construction has been purchased by Tarlton Corp. and will become a wholly owned subsidiary of the firm.
Renee Bell, president and CEO of Waterhout, helped her father build the company and bought it from him in 1985, according to a statement Monday announcing the sale that closed last week. Financial terms were not disclosed.
Bell will stay on as a construction consultant, and Waterhout will continue operations out of its offices at 8110 Dale Avenue.
Tarlton President and CEO Tracy Hart told the Post-Dispatch that Bell “runs a tremendous company and has been quite a trailblazer.”
Waterhout anticipates revenues of $30 million this year.
“Tarlton and Waterhout share a long working relationship, women ownership and an enduring commitment to the St. Louis region,” Hart said in a press release. “Each firm can continue to build on its strengths, and we can learn from each other.”
Hart will serve as Waterhout president and CEO. She emphasized that Waterhout will continue as a wholly owned subsidiary, and will “operate as they always have.”
Waterhout currently has 14 employees in its office and about 100 employees who work in the field, according to Laura Lusson, marketing and communications manager for Tarlton. Tarlton has about 100 employees working in its office and about 250 in the field.
The two companies have worked together on 90 projects in the past two decades.