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Roel Brings Cornerstone Under Its Roof

San Diego-based Roel Construction said Oct. 15 that it finalized its acquisition of Cornerstone CMS, also of San Diego. Cornerstone provides construction management and general construction services throughout the state.

Terms of the deal were not disclosed.

In February, Roel ranked third on the Business Journal’s list of Largest Private Companies based in San Diego County, with 2008 revenue of $355 million. It had 263 employees at the time. The combined current employment of Roel and Cornerstone was not immediately available.

In its Oct. 15 announcement, Roel said its headquarters, regional offices and job sites will continue to operate without interruption — as will those of Cornerstone. The same management, operational and project teams will continue to oversee construction operations, Roel said.

— Brad Graves

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