Worcester contractor adds 71 employees in East Hartford acquisition
Greenwood Industries has acquired an East Hartford, Conn. roofing company in a move that grows the Worcester company’s workforce by 71 employees while expanding its Connecticut presence.
The acquisition of Allied Restoration Corporation, which closed on Monday, adds support to the growing sheet metal manufacturing, roof system construction and replacement and the burgeoning roof maintenance businesses of Greenwood, according to a release from the company.
"Allied has talent, relationships and the geographic location that fills a gap between our [Worcester and Freetown] Massachusetts and New Haven, Conn. locations,” David Klein, Greenwood’s president and former Worcester Business Journal 40 under 40 honoree, said in a statement.
All 71 employees at the East Hartford location will be retained, according to Greenwood CEO Matthew Brown. The goal of the acquisition was to continue to grow the business, he said. Of those employees, approximately 50 are roofing professionals and 10 are sheetmetal professionals, he said. The acquisition brings total employees of Greenwood close to 500, according to Brown.
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