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Suffolk Construction acquires ROEL Construction of San Diego
 
National Construction Company Joins with Reputable California-based Construction Firm; Combined Entity Strengthens West Coast Foothold, Expands Opportunities for Future Growth

BOSTON, MA, SAN DIEGO, CA and IRVINE, CA, January 11, 2011 - Suffolk Construction Company, Inc., one of the top ten privately held construction firms in the nation, announced today that it will acquire ROEL Construction of San

Diego, California. ROEL, a family-owned firm with over 90 years of experience in the construction industry, has a strong track record and business and community ties in San Diego and Irvine, California.

“I have been impressed with ROEL and its longstanding history of quality work, client service, and commitment to innovative building practices, which is why I am so excited about this opportunity to combine our strengths and resources. ROEL is a major player on the West Coast, so we see this as a tremendous growth opportunity, both locally in California and nationally, particularly in our core practice areas of commercial, multi-family residential, education, healthcare, science and technology,” said John Fish, CEO, Suffolk Construction.

“The transaction will enhance both ROEL and Suffolk’s footprint in the Southern California construction marketplace, make our capabilities even stronger, and ensure ROEL’s ongoing ability to serve its customers for years to come,” said ROEL’s Chairman of the Board, John Elliott.

“Suffolk is a robust company with a national presence and we look forward to combining forces with a company which we share a great amount of synergy, including core values and principles such as quality, integrity and a focus on client service,” said Wayne Hickey, CEO of ROEL.

"This deal is very exciting for everyone involved. I am thrilled about the career growth opportunity that this provides to the ROEL employees and also the new chapter that this presents to all of the ROEL Shareholders,” said Kevin Elliott, President of ROEL.

Founded in 1982, Suffolk Construction is one of the leading privately held construction companies in the country, with main offices in the Northeast, Mid-Atlantic, Southeast and West Coast regions.

Offering infinite resources, superior innovation and technology to its clients, Suffolk is responsible for constructing some of the most high-profile buildings across a variety of sectors in the country, including: the John W. McCormack Building in Boston, the largest Federal renovation project in the country and the first LEED certified renovation for the U.S. General

Services Administration; the Ruth Shapiro Cardiovascular Center at Brigham & Women’s Hospital; and MET 2, a mixed use development project in Miami, FL.

Recent Suffolk California projects include:

-Newport Coast Marriott, Newport Beach

-LAUSD High School #4, Long Beach

-LAUSD High School #12, Los Angeles

-Jewish Home for the Aging, Reseda

-LACCD Trade Tech College Learning Resource Center, Los Angeles

-Cresta Bella Apartments, San Diego

-Pacific Place at LAX, Los Angeles

-ICON Plaza at USC, Los Angeles

ROEL is a privately owned company that provides a wide-range of services and project delivery expertise including new construction, construction management, design-build, tenant improvement, LEED certified, structural concrete and consulting services.

ROEL’s most recent and current projects include:

- Father Joe’s Villages (Affordable Housing Projects) 16th & Market and 15th & Commercial,

San Diego

- County Operations Center (COC) Development – San Diego County Campus

- Legoland Waterpark, San Diego

- Hoag Hospital TI OSHPD (multiple operating rooms, examination rooms and offices), Irvine

- Spectrum Pharmaceuticals, Irvine

- Procopio, Corey, Hargreaves & Savitch TI, San Diego

By combining our efforts, Suffolk and ROEL will work together to preserve both of our longstanding commitment to philanthropy and preserve our longstanding roles in community and civic ventures. Suffolk’s Red & Blue Foundation focuses on making a positive difference in local neighborhoods by helping the underprivileged and underserved.

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