Webcor LP Acquires GCON Construction in Strategic Move to Expand Technology Sector Capabilities

Webcor LP, a full-service commercial builder headquartered in San Francisco, has announced the acquisition of GCON, a construction management firm based in Phoenix. The transaction is expected to close in the fourth quarter of 2025, pending customary closing conditions and regulatory approvals. This strategic relationship represents a significant development in the construction industry, particularly for companies seeking to expand their capabilities in specialized technology sectors.

The acquisition enables Webcor to leverage GCON's expertise in critical environments, including data centers and semiconductor projects, to expand into high-growth technology markets. This move comes at a time when demand for specialized construction services in technology infrastructure continues to accelerate nationwide. Webcor President and CEO Matt Rossie described the acquisition as an exciting opportunity for the company to expand its portfolio and enter previously untapped markets. Rossie emphasized that GCON brings deep expertise in the technology sector and that together, the companies will be able to pursue new opportunities while respecting each organization's unique strengths and capabilities.

For GCON, the relationship provides access to Webcor and its parent company Obayashi's depth of experience and increased bandwidth to pursue larger projects in GCON's current local and regional markets. These markets include technology, healthcare, aviation, commercial, and public works sectors. GCON CEO Mike Godbehere expressed enthusiasm about launching the strategic relationship with Webcor, noting that they are joining forces with a respected California construction firm that aligns with GCON's commitment to safety, quality, innovation, and community. The partnership will allow GCON to continue growing and serving clients with enhanced resources and capabilities.

A key aspect of the acquisition structure is that GCON will continue operating as a separate company, retaining its leadership, employees, vision, brand, and Arizona headquarters. Both companies remain deeply committed to their clients, project partners, and valued teams. This approach preserves GCON's established market presence while providing the benefits of Webcor's broader resources and industry connections. The strategic relationship sets the stage for a more robust competitive advantage as both companies anticipate mutual growth, strengthened capabilities, and expanded reach across multiple construction sectors.

The transaction involved RBC Capital Markets serving as GCON's exclusive financial advisor, while BaseRock Partners represented Webcor. More information about GCON's services and project portfolio can be found at https://www.thegcon.com, while details about Webcor's construction expertise and project history are available at https://www.webcor.com. This acquisition reflects broader industry trends toward consolidation and specialization, particularly in high-growth technology construction sectors where specialized expertise and scaled resources provide significant competitive advantages.